Evansville Flex Industrial
For Sale
Contact for pricing
2510-2512 N Cullen Ave, Evansville, IN 47715
Flex industrial space for sale with convenient highway access.
Property Size21,600 SF
Price / SF$0.73
Days on Market224
Property Features for 2510-2512 N Cullen Ave
General Information
Standard status
Active
Size
21,600 SF
Property subtype
Industrial
Lease Term
NNN
Building Details
Building Size
21,600 SF
Year Built
1983
Properties For Sale
at 2510-2512 N Cullen Ave
2512 Cullen Suite D
Size
2,243 SF
Type
Flex Space
Term
Negotiable
Listing Agency:
SVN | The Martin Group
Listed By:
Chris Stuard · License #IN #RB14048888
(812) 589-3368
Source:
Svnmartin
Added: Mar 6
Changed: Oct 15
Last Checked: Oct 14 at 9:48PM
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 SVN | The Martin Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on the east side of Evansville, Indiana, just north of Morgan Avenue and west of I-69, this flex industrial complex offers convenient access to major thoroughfares, providing quick access to Evansville and its surrounding areas. The property is zoned M-1. One space remains available: Suite C at 2510 Cullen Ave, comprising 1,800 square feet. The property is well-located within the Southern Indiana market, with easy access to I-69 and US 41. This clean space is suitable for office, warehouse, or shop use. NNN/CAM is estimated at $1.90/SF.
Key Highlights
- Easy access to I‑69 and US 41
- Located in a flex industrial complex
- 1,800 SF available in Suite C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,946
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,920
$338.9K
Cap Rate 7%
$242,086
$242.1K
Cap Rate 9%
$188,289
$188.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$25.9K $14.40/SF
− Vacancy
−$1.7K −$0.95/SF
EGI
$24.2K $13.45/SF
− OpEx
−$7.3K −$4.03/SF
NOI
$16.9K $9.41/SF
Area
Evansville, IN
Vacancy
6.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,920
Cap Rate 7%
$242,086
Cap Rate 9%
$188,289
Alternative Uses
Best Use
Flex RnD
$279.8K
$244.8K – $326.4K
NOI $19,586 @ 7.0% cap · market cap 1,495.11%
Second Best
Industrial
$242.1K
$211.8K – $282.4K
NOI $16,946 @ 7.0% cap · market cap 1,293.59%
Theoretical Best
Office A
$446.9K
$391.0K – $521.3K
NOI $31,280 @ 7.0% cap · market cap 2,387.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47715, IN
28,959
Population
14,451
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
95%
High-School Grad
22.0 sq mi
ZIP Area
1,316
Density / Sq Mi
$59,821
Median Household Income
$40,137
Median Earnings
$1,009
Median Rent
$191,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial space for sale with convenient highway access.
Where is this flex space located?
The property is located at 2510-2512 N Cullen Ave Evansville, IN.
What are key features of this property?
This property features: Easy access to I‑69 and US 41; Located in a flex industrial complex; 1,800 SF available in Suite C
