Flex Warehouse with Office
1227 Bringham Dr, Sellersburg, IN 47172
For Sale
Contact for pricing
Move-in ready flex building with multiple offices, a warehouse, and five overhead doors plus extensive on-site parking.
Property Size4,766 SF
Price / SF$104.91
Days on Market110
Property Features for 1227 Bringham Dr
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Warehouse Space
Office Units
Building Details
Buildings
Listing Agency:
Semonin Realtors - Semonin Realtors - Indiana - New Albany
(812) 944-9800
Listed By:
Ray Lamm · License IN RB14043870
(502) 905-5266
Source:
Moodyscre
Added: Jul 24
Changed: Oct 26
Last Checked: Nov 8 at 5:27AM
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 Semonin Realtors - Semonin Realtors - Indiana - New Albany
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Investment Insights
Based on property information with market context.
This move-in ready flex building combines office space with warehouse use. The main level features five offices, along with an additional office above the warehouse. The property also includes five overhead doors, consisting of two 12' doors, two 10' doors, and one 7' door, supporting a range of loading needs.
The warehouse area is listed as 2,067 square feet. The building is located in an established business park in Sellersburg, with proximity to I-65 and Clark County Airport.
Parking is a key feature of the site, with ample space available for both cars and trucks.
The warehouse area is listed as 2,067 square feet. The building is located in an established business park in Sellersburg, with proximity to I-65 and Clark County Airport.
Parking is a key feature of the site, with ample space available for both cars and trucks.
Key Highlights
- Move‑in ready flex building with 5 offices on the main level and 1 office above the warehouse
- Warehouse space totals 2,067 sq. ft.
- 5 overhead doors: two 12' doors, two 10' doors, and one 7' door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,576
Cap Rate
8.32%
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 14.55%
Second Best
Flex RnD
$593.9K
$519.7K – $692.9K
NOI $41,576 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $96,998 @ 7.0% cap · market cap 19.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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 flex building with multiple offices, a warehouse, and five overhead doors plus extensive on-site parking.
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 $500,000.
What are key features of this property?
This property features: Move‑in ready flex building with 5 offices on the main level and 1 office above the warehouse; Warehouse space totals 2,067 sq. ft.; 5 overhead doors: two 12' doors, two 10' doors, and one 7' door
