High-Ceiling Flex
For Sale
$325,000
1367 E National, Brazil, IN 47834
Highway-oriented commercial facility with two work bays, finished reception space, and substantial outdoor maneuvering area.
Property Size3,936 SF
Price / SF$82.57
Days on Market16
Property Features for 1367 E National
General Information
Standard status
Active
Size
3,936 SF
Property subtype
Commercial
Listing Agency:
Coldwell Banker Real Estate Group
(317) 721-2274
Listed By:
Streamlined Realty
(317) 721-2274
Source:
Streamlinedrealty
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 29 at 9:06AM
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 Coldwell Banker Real Estate Group
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.
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 = 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
$27,416
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
8.44%
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%
$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
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
$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 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%
$548,320
Cap Rate 7%
$391,657
Cap Rate 9%
$304,622
Alternative Uses
Best Use
Flex RnD
$391.7K
$342.7K – $456.9K
NOI $27,416 @ 7.0% cap · market cap 8.44%
Second Best
Warehouse
$381.4K
$333.7K – $445.0K
NOI $26,698 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$696.3K
$609.3K – $812.4K
NOI $48,743 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
