402 E Market St, New Albany, IN
Industrial property with 17,460 square feet available for sale.
- Added:
- May 25, 2025
- Days on Market:
- 386
- Last Refresh:
- Apr 5 at 8:31 pm
Property Features for 402 E Market St
General Information
- Standard status
- Active
- Size
- 17,460 SF
- Lot size
- 0.94 Acres
- Property subtype
- INDUSTRIAL
Listing agent David Fonseca License #RB14038848 (502) 333-4792
Listing office Bridge Realtors (502) 333-4792
Listing date May 25, 2025
Source Moodyscre
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 Bridge Realtors
HighLights
- 17,460 square feet of industrial space available
- Industrial property for sale
- Property is industrial
Overview
Local Financial Insights For Industrial
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 | $107.6k | $6.16 |
| − Vacancy | −$4.3k | −$0.25 |
| EGI | $103.3k | $5.91 |
| − OpEx | −$31.0k | −$1.77 |
| NOI | $72.3k | $4.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Albany
- County
- Floyd
- State
- Indiana
- Longitude
- -85.8285
- Latitude
- 38.2819
