High-Ceiling Flex
1367 E National, Brazil, IN 47834
For Sale
$325,000
Commercial Sale, Brazil, IN
Property Size3,936 SF
Lot Size1.00 Acre
Price / SF$82.57
Days on Market95
Property Features for 1367 E National
General Information
Property type
Property subtype
Zoning
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Listing Agency:
Keller Williams Indy Metro Partners · Keller Williams Realty
Listed By:
Jaskaran Jossan · License IN RB21000870
(317) 882-5900
Added: Aug 12
Changed: Oct 8
Last Checked: Nov 14 at 1:06AM
MLS# 22119866
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property contains 3,936 SF within a 2016-built facility on a 1.00-acre parcel. The interior includes a 2,400 SF high-ceiling bay, a separate 1,536 SF bay, and finished office and reception space. The configuration combines enclosed work areas with dedicated administrative space.
Positioned on US Hwy 40 in Brazil, Indiana, the property offers highway access and visibility. The exterior lot provides space for vehicle parking, equipment storage, and fleet maneuvering. Commercial Garage zoning is in place, and the facility is available for immediate occupancy.
Positioned on US Hwy 40 in Brazil, Indiana, the property offers highway access and visibility. The exterior lot provides space for vehicle parking, equipment storage, and fleet maneuvering. Commercial Garage zoning is in place, and the facility is available for immediate occupancy.
Key Highlights
- 3,936 SF facility on a 1.00‑acre lot
- 2016‑built flex property with Commercial Garage zoning
- Primary 2,400 SF high‑ceiling bay
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
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-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
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
Frequently Asked Questions
What type of property is this?
Flex space - Commercial Garage zoning and a finished office/reception area complement the two-bay commercial layout.
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 facility on a 1.00‑acre lot; 2016‑built flex property with Commercial Garage zoning; Primary 2,400 SF high‑ceiling bay
