Flex Industrial
For Sale
Contact for pricing
1367 E US Hwy 40, Brazil, IN 47834
Functional flex facility with repair bays, office space, and an acre of exterior operating area along US Hwy 40.
Property Size3,936 SF
Lot Size1.00 Acre
Price / SF$82.57
Days on Market57
Property Features for 1367 E US Hwy 40
General Information
Standard status
Active
Size
3,936 SF
Lot size
1.00 Acre
Property subtype
Office, Industrial, Mixed Use
Lease Type
Modified Gross
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Warehouse Space
2,400 SF
Building Details
Year Built
2016
Buildings
1
Units
1
Building Size
3,936 SF
Listing Agency:
Keller Williams Indy Metro South
Listed By:
Jay Jossan · License #RB21000870
Source:
Crexi
Added: Aug 12
Changed: Oct 5
Last Checked: Oct 5 at 5:29PM
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 Keller Williams Indy Metro South
Investment Insights
Based on property information with market context.
This 3,936 SF flex industrial facility was built in 2016 on ±1.00 acre. The building includes a 2,400 SF primary repair and storage bay with high clearance, a 1,536 SF secondary bay, and office and reception areas. The configuration supports industrial, commercial, and service-oriented operations requiring a combination of enclosed work areas and administrative space.
The property fronts US Hwy 40 in Brazil, Indiana. Its exterior area provides room for storage, truck maneuvering, equipment, or fleet parking. The existing layout is suited to trucking and logistics, auto or diesel repair, contractor operations, light manufacturing, and warehousing uses.
The property fronts US Hwy 40 in Brazil, Indiana. Its exterior area provides room for storage, truck maneuvering, equipment, or fleet parking. The existing layout is suited to trucking and logistics, auto or diesel repair, contractor operations, light manufacturing, and warehousing uses.
Key Highlights
- 3,936 SF flex industrial facility built in 2016
- ±1.00‑acre parcel along US Hwy 40
- 2,400 SF primary repair and storage bay with high clearance
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.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Flex space - Functional flex facility with repair bays, office space, and an acre of exterior operating area along US Hwy 40.
Where is this flex space located?
The property is located at 1367 E US Hwy 40 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 industrial facility built in 2016; ±1.00‑acre parcel along US Hwy 40; 2,400 SF primary repair and storage bay with high clearance
