RV Service Shop with
For Sale
Contact for pricing
1126 N Air Dr, Bloomington, IN 47404
Three-bay layout accommodates large vehicles, with office, storage, and customer-facing areas.
Property Size5,000 SF
Lot Size1.00 Acre
Price / SF$220
Days on Market48
Property Features for 1126 N Air Dr
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.00 Acre
Property subtype
INDUSTRIAL
Additional Details
Business Included
Yes
Road Access
Yes
Drive-In Doors
3
Service Bays
3
Amenities
reception/office area
showroom
mezzanine storage
Building Details
Buildings
1
Building Size
5,000 SF
Listing Agency:
F.C. Tucker/Bloomington, REALTORS
(812) 336-7300
Listed By:
Chris Cockerham · License #RB14027897
(812) 340-3083
Source:
Moodyscre
Added: Aug 31
Changed: Oct 4
Last Checked: Oct 16 at 10:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.C. Tucker/Bloomington, REALTORS
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Investment Insights
Based on property information with market context.
The property is a ±5,000 SF industrial and service building on approximately ±1 acre at 1126 N. Air Dr. in Bloomington, Indiana. Its configuration combines vehicle service space with a reception and office area, showroom, mezzanine storage, and additional space suitable for office use. The building is currently occupied by Alexander RV and is arranged for RV service and repair, automotive-related operations, contractor work, and other light industrial uses.
Three service bays provide vehicle access through two 12-foot overhead doors and one 14-foot overhead door. The surrounding land supports parking and vehicle maneuverability. The sale includes the Alexander RV business along with the real estate, offering a combined operating business and property acquisition.
Three service bays provide vehicle access through two 12-foot overhead doors and one 14-foot overhead door. The surrounding land supports parking and vehicle maneuverability. The sale includes the Alexander RV business along with the real estate, offering a combined operating business and property acquisition.
Key Highlights
- ±5,000 SF industrial/service building on approximately ±1 acre
- Three service bays with two 12‑foot and one 14‑foot overhead door
- Reception/office area, showroom, mezzanine storage, and additional office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,054
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,080
$1.3M
Cap Rate 7%
$957,914
$957.9K
Cap Rate 9%
$745,044
$745.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$100.2K $20.04/SF
− Vacancy
−$4.4K −$0.88/SF
EGI
$95.8K $19.16/SF
− OpEx
−$28.7K −$5.75/SF
NOI
$67.1K $13.41/SF
Area
Monroe County, IN
Vacancy
4.40%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,080
Cap Rate 7%
$957,914
Cap Rate 9%
$745,044
Alternative Uses
Best Use
Retail
$957.9K
$838.2K – $1.12M
NOI $67,054 @ 7.0% cap · market cap 6.10%
Second Best
Flex RnD
$640.7K
$560.6K – $747.5K
NOI $44,850 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$977.2K
$855.0K – $1.14M
NOI $68,403 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Drive-in doors
3
Service bays
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47404, IN
23,799
Population
12,101
Households
2
Avg Household Size
33
Median Age
43%
College-Educated
95%
High-School Grad
52.6 sq mi
ZIP Area
452
Density / Sq Mi
$54,674
Median Household Income
$36,725
Median Earnings
$1,159
Median Rent
$243,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Auto shop - Three-bay layout accommodates large vehicles, with office, storage, and customer-facing areas.
Where is this auto shop located?
The property is located at 1126 N Air Dr Bloomington, IN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: ±5,000 SF industrial/service building on approximately ±1 acre; Three service bays with two 12‑foot and one 14‑foot overhead door; Reception/office area, showroom, mezzanine storage, and additional office space
