Flex Space with
For Sale
Contact for pricing
4073 Meghan Beeler Ct, South Bend, IN 46628
Flex property combines office, showroom, and warehouse areas with loading access.
Property Size20,000 SF
Price / SF$90
Days on Market146
Property Features for 4073 Meghan Beeler Ct
General Information
Standard status
Active
Size
20,000 SF
Property subtype
INDUSTRIAL
Properties For Sale
at 4073 Meghan Beeler Ct Contact us- Floor
- Bldg
- Size
- 20,000 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
4073 Meghan Beeler Ct
- Well-maintained and nicely landscaped 20,000 SF warehouse/ distribution building.
-...
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Listing Agency:
NAI Cressy Commercial Real Estate - Corporate
(574) 485-1517
Listed By:
Blair Wozny
(574) 485-1517
Source:
Moodyscre
Added: Apr 8
Changed: Aug 29
Last Checked: Aug 29 at 8:43PM
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 NAI Cressy Commercial Real Estate - Corporate
Investment Insights
Based on property information with market context.
This 20,000-square-foot flex property includes 7,500 square feet of office and showroom space alongside a 12,500-square-foot warehouse. The office and showroom areas feature numerous windows for abundant natural light, while the warehouse provides one dock and four overhead doors. The building is situated on a 1.64-acre site and is described as well maintained with landscaped grounds.
Located within West Cleveland Industrial Park on South Bend’s northwest side, the property offers access to South Bend Regional Airport, the Indiana 80/90 Toll Road, and the U.S. 20/31 Bypass, also known as St. Joseph Valley Parkway. The combination of office, display, and distribution space supports a range of flex-oriented commercial operations.
Located within West Cleveland Industrial Park on South Bend’s northwest side, the property offers access to South Bend Regional Airport, the Indiana 80/90 Toll Road, and the U.S. 20/31 Bypass, also known as St. Joseph Valley Parkway. The combination of office, display, and distribution space supports a range of flex-oriented commercial operations.
Key Highlights
- 20,000‑square‑foot flex building on a 1.64‑acre site
- 7,500 square feet of office and showroom space
- 12,500‑square‑foot warehouse with 1 dock and 4 overhead doors
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
$161,132
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
8.95%
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%
$3,222,640
$3.2M
Cap Rate 7%
$2,301,886
$2.3M
Cap Rate 9%
$1,790,356
$1.8M
Market Conditions
NOI Build-Up for 20,000 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
$264.0K $13.20/SF
− Vacancy
−$16.1K −$0.81/SF
EGI
$247.9K $12.39/SF
− OpEx
−$86.8K −$4.34/SF
NOI
$161.1K $8.06/SF
Area
South Bend, IN
Vacancy
6.10%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
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%
$3,222,640
Cap Rate 7%
$2,301,886
Cap Rate 9%
$1,790,356
Alternative Uses
Best Use
Office B
$3.74M
$3.28M – $4.37M
NOI $262,080 @ 7.0% cap · market cap 14.56%
Second Best
Retail
$2.81M
$2.46M – $3.28M
NOI $196,560 @ 7.0% cap · market cap 10.92%
Theoretical Best
Office A
$5.06M
$4.43M – $5.90M
NOI $354,182 @ 7.0% cap · market cap 19.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46628, IN
27,011
Population
12,266
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
92%
High-School Grad
34.2 sq mi
ZIP Area
790
Density / Sq Mi
$56,889
Median Household Income
$37,423
Median Earnings
$1,068
Median Rent
$164,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex property combines office, showroom, and warehouse areas with loading access.
Where is this flex space located?
The property is located at 4073 Meghan Beeler Ct South Bend, IN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 20,000‑square‑foot flex building on a 1.64‑acre site; 7,500 square feet of office and showroom space; 12,500‑square‑foot warehouse with 1 dock and 4 overhead doors
