Flex Warehouse with
For Sale
$535,000
1227 Bringham Dr, Sellersburg, IN 47172
Move-in ready building with 5 main-level offices, 1 office above, and five overhead doors.
Property Size4,766 SF
Price / SF$112.25
Days on Market90
Property Features for 1227 Bringham Dr
General Information
Standard status
Active
Size
4,766 SF
Property subtype
Commercial
Building Details
Year Built
2003
Listing Agency:
Nexthome Wilson Real Estate
(812) 924-7024
Listed By:
Ward Realty Services
(812) 200-2838
Source:
Wardrealtyservices
Added: Jul 27
Changed: Sep 21
Last Checked: Oct 23 at 6:29AM
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 Nexthome Wilson Real Estate
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Investment Insights
Based on property information with market context.
This move-in ready flex warehouse includes five offices on the main level plus one office above the warehouse. The warehouse portion is supported by five overhead doors, including two 12' doors, two 10' doors, and one 7' door.
The property is located in an established park in the growing area of Sellersburg, with proximity to I-65 and Clark County Airport. The site offers substantial parking for both cars and trucks.
The existing configuration provides a functional combination of office space and warehouse operations, supported by multiple overhead loading doors to accommodate different vehicle heights.
The property is located in an established park in the growing area of Sellersburg, with proximity to I-65 and Clark County Airport. The site offers substantial parking for both cars and trucks.
The existing configuration provides a functional combination of office space and warehouse operations, supported by multiple overhead loading doors to accommodate different vehicle heights.
Key Highlights
- Move‑in ready building with 5 offices on the main level and 1 office above the warehouse
- Warehouse space totals 2,067 sq. ft.
- Five overhead doors: 2 at 12', 2 at 10', and 1 at 7'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,576
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,520
$831.5K
Cap Rate 7%
$593,943
$593.9K
Cap Rate 9%
$461,956
$462.0K
Market Conditions
NOI Build-Up for 4,766 SF
Gross rent
$68.6K $14.40/SF
− Vacancy
−$4.7K −$0.98/SF
EGI
$64.0K $13.42/SF
− OpEx
−$22.4K −$4.70/SF
NOI
$41.6K $8.72/SF
Area
Clark County, IN
Vacancy
6.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,520
Cap Rate 7%
$593,943
Cap Rate 9%
$461,956
Alternative Uses
Best Use
Office B
$1.04M
$909.4K – $1.21M
NOI $72,748 @ 7.0% cap · market cap 13.60%
Second Best
Flex RnD
$593.9K
$519.7K – $692.9K
NOI $41,576 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $96,998 @ 7.0% cap · market cap 18.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 47172, IN
19,821
Population
8,537
Households
2.3
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
24.3 sq mi
ZIP Area
816
Density / Sq Mi
$80,525
Median Household Income
$48,560
Median Earnings
$1,152
Median Rent
$249,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready building with 5 main-level offices, 1 office above, and five overhead doors.
Where is this flex space located?
The property is located at 1227 Bringham Dr Sellersburg, IN.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Move‑in ready building with 5 offices on the main level and 1 office above the warehouse; Warehouse space totals 2,067 sq. ft.; Five overhead doors: 2 at 12', 2 at 10', and 1 at 7'
