Industrial Land with Pole
3699 Asbury Cemetery Rd Elberfeld, IN 47613
3699 Asbury Cemetery Rd, Elberfeld, IN, 47613
$725,000
For Sale
$725,000
Five-acre industrial land offering a 5,000 sq ft pole barn with 14-foot doors and drive-through access.
Property Size5,000 SF
Lot Size5.00 Acres
Price / SF$145
Days on Market251
Property Features for 3699 Asbury Cemetery Rd
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 5.00 Acres
- Property subtype
- Land
Listing agency
FOLZ REALTORS
(812) 760-4120
Listed by
Randal Folz
(812) 760-4120
Source
Exprealty
Added: Nov 14, 2025 Updated: Jul 22 at 4:21PM Checked: Jul 22 at 4:21PM
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 FOLZ REALTORS
Investment Insights
Based on property information with market context.
This offering includes two industrial land parcels totaling 5 acres and a 5,000 sq ft pole barn. The barn features 14-foot doors and drive-through access, supported by a 200 amp electrical service. City water is available at the road.
The property is described as having easy access to major highways and is located about 10 minutes from Evansville’s Eastside, with proximity to Bluegrass Wildlife Reserve.
Both parcels are 2.5 acres each, providing flexible configuration for industrial users seeking land and an existing structure on-site.
The property is described as having easy access to major highways and is located about 10 minutes from Evansville’s Eastside, with proximity to Bluegrass Wildlife Reserve.
Both parcels are 2.5 acres each, providing flexible configuration for industrial users seeking land and an existing structure on-site.
Key Highlights
- Two parcels totaling 5 acres (2.5 acres each).
- 5,000 sq ft pole barn with 14‑foot doors.
- Drive‑through access for the pole barn.
Local Financial Insights For Warehouse
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 | $34.8k | $6.96 |
| − Vacancy | −$1.7k | −$0.33 |
| EGI | $33.1k | $6.63 |
| − OpEx | −$5.0k | −$0.99 |
| NOI | $28.2k | $5.63 |
5,000 SF · lease $6.96/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$402.3K
$352.0K – $469.3K
NOI $28,160 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$989.3K
$865.6K – $1.15M
NOI $69,251 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Five-acre industrial land offering a 5,000 sq ft pole barn with 14-foot doors and drive-through access.
Where is this warehouse located?
The property is located at 3699 Asbury Cemetery Rd Elberfeld, IN.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two parcels totaling 5 acres (2.5 acres each).; 5,000 sq ft pole barn with 14‑foot doors.; Drive‑through access for the pole barn.
