Markle Retail Space For
265 N Tracy St Markle, IN 46770
265 N Tracy St, Markle, IN, 46770
Contact for pricing
For Sale
Contact for pricing
10,640 SqFt retail space in Markle, Indiana.
Property Size10,640 SF
Price / SF$221.15
Days on Market155
Property Features for 265 N Tracy St
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing Agency
Marcus & Millichap - Atlanta
(678) 808-2816
Listed by
Don McMinn · License #GA 292036
Source
Crexi
Added: Feb 12 Checked: Jul 17 at 9:27 am
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 10,640-square-foot retail space located in Markle, Indiana. The property is being offered for sale and has a capitalization rate of 6.50%.
Key Highlights
- 6.50% CAP Rate
- 10,640 SqFt Retail Space
- Built in 2026
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.6k | $15.00 |
| − Vacancy | −$13.6k | −$1.28 |
| EGI | $146.0k | $13.73 |
| − OpEx | −$43.8k | −$4.12 |
| NOI | $102.2k | $9.61 |
10,640 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.70M
NOI $102,224 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$8.89M
$7.78M – $10.37M
NOI $622,191 @ 7.0% cap · market cap 26.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 10,640 SqFt retail space in Markle, Indiana.
Where is this retail space located?
The property is located at 265 N Tracy St Markle, IN.
What is the asking price?
The asking price for this property is $2,353,000.
What are key features of this property?
This property features: 6.50% CAP Rate; 10,640 SqFt Retail Space; Built in 2026
