Listing Agency: Whitetail Properties

Listed By: Streamlined Realty Show Phone

Source: Streamlinedrealty

Added: Aug 14 Changed: Oct 13 Last Checked: Oct 14 at 11:25PM

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Investment Insights

Based on property information with market context.

This 3,936-square-foot flex facility, completed in 2016, is positioned on a 1.00-acre site along US Hwy 40. The building includes a 2,400-square-foot high-ceiling bay, a separate 1,536-square-foot bay, and finished office and reception areas. The configuration supports a combination of shop, storage, and business functions within one property.

Outdoor space adds room for vehicle parking, equipment storage, and fleet maneuvering. Highway access and exposure are provided along US Hwy 40 in Brazil, Indiana. The property is available for sale or lease and is offered for immediate occupancy.

Key Highlights

• 3,936 SF flex facility on a 1.00‑acre lot
• Built in 2016 with a 2,400 SF high‑ceiling bay
• Secondary 1,536 SF bay supports additional workspace or storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,416

Cap Rate

8.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$548,320 $548.3K

Cap Rate 7%

$391,657 $391.7K

Cap Rate 9%

$304,622 $304.6K

Market Conditions

NOI Build-Up for 3,936 SF

Gross rent

$44.9K $11.40/SF

− Vacancy

−$2.7K −$0.68/SF

EGI

$42.2K $10.72/SF

− OpEx

−$14.8K −$3.75/SF

NOI

$27.4K $6.97/SF

Area

Clay County, IN

Vacancy

6.00%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$548,320

Cap Rate 7%

$391,657

Cap Rate 9%

$304,622

Alternative Uses

Best Use

Flex RnD

$391.7K

$342.7K – $456.9K (±1% cap)

NOI $27,416 @ 7.0% cap · market cap 8.44%

Second Best

Warehouse

$381.4K

$333.7K – $445.0K (±1% cap)

NOI $26,698 @ 7.0% cap · market cap 8.21%

Theoretical Best

Office A

$696.3K

$609.3K – $812.4K (±1% cap)

NOI $48,743 @ 7.0% cap · market cap 15.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Electrical Service Storage Facility Locksmith Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

372

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 47834, IN

19,430

Population

8,451

Households

2.3

Avg Household Size

41

Median Age

17%

College-Educated

91%

High-School Grad

154.2 sq mi

ZIP Area

126

Density / Sq Mi

$66,677

Median Household Income

$41,247

Median Earnings

$866

Median Rent

$135,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Highway-oriented commercial facility with two work bays, finished reception space, and substantial outdoor maneuvering area.

Where is this flex space located?

The property is located at 1367 E National Brazil, IN.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 3,936 SF flex facility on a 1.00‑acre lot; Built in 2016 with a 2,400 SF high‑ceiling bay; Secondary 1,536 SF bay supports additional workspace or storage