Industrial
For Sale
Contact for pricing
1416 MEYER AVE, Evansville, IN 47710
Warehouse property offering an established industrial building for commercial use.
Property Size8,150 SF
Price / SF$165.70
Days on Market179
Property Features for 1416 MEYER AVE
General Information
Standard status
Active
Size
8,150 SF
Property subtype
Industrial
Net Operating Income
$188,927
Building Details
Year Built
1962
Year Renovated
2024
Stories
1
Units
1
Listing Agency:
Fortis Net Lease
Listed By:
Doug Passon · License #MI 6502361821
(248) 254-3407
Source:
Crexi
Added: Apr 23
Changed: Oct 10
Last Checked: Oct 16 at 8:19AM
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 Fortis Net Lease
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Investment Insights
Based on property information with market context.
This industrial warehouse property contains 8,150 square feet within a building constructed in 1962. The asset is located at 1416 Meyer Ave in Evansville, Indiana, with the 47710 ZIP code.
Key Highlights
- 8,150 SF industrial warehouse
- Building constructed in 1962
- Located at 1416 Meyer Ave, Evansville, IN 47710
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,493
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,860
$1.7M
Cap Rate 7%
$1,207,043
$1.2M
Cap Rate 9%
$938,811
$938.8K
Market Conditions
NOI Build-Up for 8,150 SF
Gross rent
$107.6K $13.20/SF
− Vacancy
−$8.2K −$1.00/SF
EGI
$99.4K $12.20/SF
− OpEx
−$14.9K −$1.83/SF
NOI
$84.5K $10.37/SF
Area
Evansville, IN
Vacancy
7.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,860
Cap Rate 7%
$1,207,043
Cap Rate 9%
$938,811
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,493 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,630 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47710, IN
18,470
Population
9,119
Households
2
Avg Household Size
39
Median Age
17%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
2,148
Density / Sq Mi
$45,324
Median Household Income
$33,718
Median Earnings
$857
Median Rent
$131,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Evansville Self Storage LLC — 1901 N 4th Ave, Evansville, IN 47710
- Public Storage — 2410 N First Ave, Evansville, IN 47710
- Huber Avenue Mini Warehouses — 3318 Kratzville Rd, Evansville, IN 47710
- Locust Hill Storage Facility — 3518 Kratzville Rd, Evansville, IN 47710
- Store-N-Lock Storage & Packing - Kratzville Rd — 3518 Kratzville Rd, Evansville, IN 47710
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property offering an established industrial building for commercial use.
Where is this warehouse located?
The property is located at 1416 MEYER AVE Evansville, IN.
What is the asking price?
The asking price for this property is $1,350,480.
What are key features of this property?
This property features: 8,150 SF industrial warehouse; Building constructed in 1962; Located at 1416 Meyer Ave, Evansville, IN 47710
