Single-Unit Manufacturing
For Sale
Contact for pricing
3 Pequignot Dr, Pierceton, IN 46562
A 2001-built facility provides one unit suited to manufacturing and industrial operations.
Property Size21,806 SF
Price / SF$65.12
Days on Market147
Property Features for 3 Pequignot Dr
General Information
Standard status
Active
Size
21,806 SF
Class
B
Property subtype
Industrial
Lease Type
NNN
Building Details
Year Built
2001
Buildings
1
Stories
1
Listing Agency:
Xplor Commercial Real Estate
(260) 487-3697
Listed By:
James Jamicich · License #IN
Source:
Crexi
Added: Apr 8
Changed: Aug 30
Last Checked: Aug 31 at 1:11PM
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 Xplor Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 3 Pequignot Dr in Pierceton, Indiana, this manufacturing property contains 21,806 square feet within a single-unit building. Constructed in 2001, the facility is positioned for industrial and manufacturing operations.
The property is situated in the Pierceton area with access to key transportation routes supporting logistics and distribution. Its configuration offers one consolidated industrial space for business use.
The property is situated in the Pierceton area with access to key transportation routes supporting logistics and distribution. Its configuration offers one consolidated industrial space for business use.
Key Highlights
- 21,806 SF manufacturing and industrial building
- Constructed in 2001
- Single‑unit configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,090,760
$2.1M
Cap Rate 7%
$1,493,400
$1.5M
Cap Rate 9%
$1,161,533
$1.2M
Market Conditions
NOI Build-Up for 21,806 SF
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.
Gross rent
$130.8K $6.00/SF
− Vacancy
−$7.9K −$0.36/SF
EGI
$123.0K $5.64/SF
− OpEx
−$18.4K −$0.85/SF
NOI
$104.5K $4.79/SF
Area
Kosciusko County, IN
Vacancy
6.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,090,760
Cap Rate 7%
$1,493,400
Cap Rate 9%
$1,161,533
Alternative Uses
Best Use
Warehouse
$1.49M
$1.31M – $1.74M
NOI $104,538 @ 7.0% cap · market cap 7.36%
Second Best
Industrial
$1.37M
$1.20M – $1.60M
NOI $95,707 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$3.80M
$3.32M – $4.43M
NOI $265,926 @ 7.0% cap · market cap 18.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
Business Placement
Demographics for 46562, IN
4,718
Population
2,593
Households
1.8
Avg Household Size
42
Median Age
14%
College-Educated
85%
High-School Grad
60.3 sq mi
ZIP Area
78
Density / Sq Mi
$61,599
Median Household Income
$39,271
Median Earnings
$795
Median Rent
$185,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - A 2001-built facility provides one unit suited to manufacturing and industrial operations.
Where is this manufacturing property located?
The property is located at 3 Pequignot Dr Pierceton, IN.
What is the asking price?
The asking price for this property is $1,420,000.
What are key features of this property?
This property features: 21,806 SF manufacturing and industrial building; Constructed in 2001; Single‑unit configuration
