Retail Space with
For Sale
Contact for pricing
411 Lincoln Hwy W, New Haven, IN 46774
C-3 General Commercial zoning supports a retail configuration with multiple customer access points.
Property Size4,142 SF
Lot Size1.28 Acres
Price / SF$156.93
Days on Market790
Property Features for 411 Lincoln Hwy W
General Information
Standard status
Active
Size
4,142 SF
Total Parking Spaces
24
Lot size
1.28 Acres
Property subtype
RETAIL
Zoning
C-3
Site & Location
Drive-Thru
Yes
Traffic Count
23,000 vehicles/day
Building Details
Year Built
1978
Construction
brick
Listing Agency:
Bradley Company - Corporate
(317) 663-6093
Listed By:
Phillip Cosmas · License #RB14041376
(317) 663-6093
Source:
Moodyscre
Added: Jul 2, 2024
Changed: Aug 30
Last Checked: Aug 30 at 2:30PM
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 Bradley Company - Corporate
Investment Insights
Based on property information with market context.
This 4,142-square-foot retail property sits on 1.28 acres and includes three drive-thru lanes with 24 parking spaces. Built in 1978, the building features brick detailing and is configured for commercial retail use.
The property is located at 411 Lincoln Hwy W in New Haven, Indiana, with exposure to more than 23,000 vehicles per day. C-3, General Commercial zoning applies to the site.
The property is located at 411 Lincoln Hwy W in New Haven, Indiana, with exposure to more than 23,000 vehicles per day. C-3, General Commercial zoning applies to the site.
Key Highlights
- 4,142‑square‑foot retail property on 1.28 acres
- Three drive‑thru lanes and 24 parking spaces
- C‑3, General Commercial zoning
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
$38,968
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
6.00%
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%
$779,360
$779.4K
Cap Rate 7%
$556,686
$556.7K
Cap Rate 9%
$432,978
$433.0K
Market Conditions
NOI Build-Up for 4,142 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
$62.1K $15.00/SF
− Vacancy
−$6.5K −$1.56/SF
EGI
$55.7K $13.44/SF
− OpEx
−$16.7K −$4.03/SF
NOI
$39.0K $9.41/SF
Area
Allen County, IN
Vacancy
10.40%
Lease Rate
$15.00 /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%
$779,360
Cap Rate 7%
$556,686
Cap Rate 9%
$432,978
Alternative Uses
Best Use
Retail
$556.7K
$487.1K – $649.5K
NOI $38,968 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$954.7K
$835.4K – $1.11M
NOI $66,828 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 30%
Groceries 29%
Electronics 1%
Kroger
Groceries
33,471 visits/mo
0.3 miles
McDonald's
Dining
27,490 visits/mo
0.5 miles
Speedway
Shops & Services
10,654 visits/mo
0.4 miles
Kroger Fuel Center
Shops & Services
9,079 visits/mo
0.3 miles
Arby's
Dining
7,695 visits/mo
0.1 miles
Demographics for 46774, IN
17,341
Population
7,287
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
52.7 sq mi
ZIP Area
329
Density / Sq Mi
$70,758
Median Household Income
$44,034
Median Earnings
$961
Median Rent
$169,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - C-3 General Commercial zoning supports a retail configuration with multiple customer access points.
Where is this retail space located?
The property is located at 411 Lincoln Hwy W New Haven, IN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,142‑square‑foot retail property on 1.28 acres; Three drive‑thru lanes and 24 parking spaces; C‑3, General Commercial zoning
