Warehouse with Office and
For Sale
$649,900
2632 Cathy Ln, Jasper, IN 47546
Functional warehouse with office, showroom area, and loading capacity for businesses needing both production and customer-facing space.
Property Size12,600 SF
Price / SF$51.58
Days on Market88
Property Features for 2632 Cathy Ln
General Information
Standard status
Active
Size
12,600 SF
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
2
Sprinkler System
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1988
Listing Agency:
F.C. TUCKER EMGE
Listed By:
Steve Lukemeyer · License #RB14036701
(812) 639-6340
Source:
Kmsrealestategroup
Added: Jun 17
Changed: Sep 6
Last Checked: Sep 11 at 1:08PM
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 EMGE
Investment Insights
Based on property information with market context.
This 12,600 sq. ft. building is set up for mixed operations, combining a warehouse/industrial area with office and showroom/retail space. The warehouse includes two 10' drive-in overhead doors and a truck dock. There are 3 restrooms on site, and the property also features 406 sq. ft. of office space plus a 521 sq. ft. showroom/retail area. The dock/loading section has a sprinkler system and radiant heat floors, while the remainder of the building is served by gas heat. The office and showroom/retail areas are air conditioned, and all racking is included.
Located at 2632 Cathy Lane in Jasper, Indiana, the building includes a pole sign out front for company advertising.
With drive-in access, dock service, and an included office plus showroom/retail area, the layout can support tenants that need straightforward logistics alongside space for customer interaction. The existing heating and cooling distribution, along with the sprinklered dock section, provides a practical baseline for day-to-day warehouse and office use.
Located at 2632 Cathy Lane in Jasper, Indiana, the building includes a pole sign out front for company advertising.
With drive-in access, dock service, and an included office plus showroom/retail area, the layout can support tenants that need straightforward logistics alongside space for customer interaction. The existing heating and cooling distribution, along with the sprinklered dock section, provides a practical baseline for day-to-day warehouse and office use.
Key Highlights
- 12,600 SF warehouse/industrial building built in 1988 in Jasper
- Includes 11,400 SF warehouse/industrial space plus a 521 SF showroom/retail area
- Two 10' drive‑in overhead doors and a truck dock for loading and unloading
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,226
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,124,520
$1.1M
Cap Rate 7%
$803,229
$803.2K
Cap Rate 9%
$624,733
$624.7K
Market Conditions
NOI Build-Up for 12,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.2K $6.84/SF
− Vacancy
−$5.9K −$0.47/SF
EGI
$80.3K $6.37/SF
− OpEx
−$24.1K −$1.91/SF
NOI
$56.2K $4.46/SF
Area
Dubois County, IN
Vacancy
6.80%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,124,520
Cap Rate 7%
$803,229
Cap Rate 9%
$624,733
Alternative Uses
Best Use
Warehouse
$975.4K
$853.4K – $1.14M
NOI $68,275 @ 7.0% cap · market cap 10.51%
Second Best
Industrial
$803.2K
$702.8K – $937.1K
NOI $56,226 @ 7.0% cap · market cap 8.65%
Theoretical Best
Multifamily LT 5
$89.51M
$78.32M – $104.43M
NOI $6,265,940 @ 7.0% cap · market cap 964.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47546, IN
22,445
Population
10,080
Households
2.2
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
121.6 sq mi
ZIP Area
185
Density / Sq Mi
$67,806
Median Household Income
$41,824
Median Earnings
$767
Median Rent
$232,300
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?
Flex space - Functional warehouse with office, showroom area, and loading capacity for businesses needing both production and customer-facing space.
Where is this flex space located?
The property is located at 2632 Cathy Ln Jasper, IN.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 12,600 SF warehouse/industrial building built in 1988 in Jasper; Includes 11,400 SF warehouse/industrial space plus a 521 SF showroom/retail area; Two 10' drive‑in overhead doors and a truck dock for loading and unloading
