Flex Space with Side
607-1/2 E Thompson Street, Edinburgh, IN 46124
For Sale
New
$209,900
Commercial Sale, Edinburgh, IN
Property Size1,836 SF
Lot Size0.35 Acres
Price / SF$114.32
Days on Market3
Property Features for 607-1/2 E Thompson Street
General Information
Property type
Property subtype
Zoning
Parking features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Amenities
multiple electrical outlets
updated panel
half bath
newer furnace
off-street parking
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
Carpenter, REALTORS(R)
(317) 392-1454
Listed By:
Linda D West · License IN RB14039605
(800) 630-1727
Added: Nov 11
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 22136258
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 1957 flex building measures 54 by 34 feet and sits on a 0.35-acre parcel at 607-1/2 E Thompson Street in Edinburgh. Interior features include multiple electrical outlets, an updated electrical panel, a half bath and a newer furnace. Cable is available.
The lot extends behind the building to a chain-link fence, with outdoor parking and storage area. Drives on both sides of the building are included, providing access along either side of the structure.
The lot extends behind the building to a chain-link fence, with outdoor parking and storage area. Drives on both sides of the building are included, providing access along either side of the structure.
Key Highlights
- 54‑by‑34‑foot flex building on a 0.35‑acre parcel
- Commercial zoning
- Multiple electrical outlets and an updated electrical panel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,344
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,880
$326.9K
Cap Rate 7%
$233,486
$233.5K
Cap Rate 9%
$181,600
$181.6K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$27.5K $15.00/SF
− Vacancy
−$2.4K −$1.31/SF
EGI
$25.1K $13.70/SF
− OpEx
−$8.8K −$4.79/SF
NOI
$16.3K $8.90/SF
Area
Johnson County, IN
Vacancy
8.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,880
Cap Rate 7%
$233,486
Cap Rate 9%
$181,600
Alternative Uses
Best Use
Retail
$286.9K
$251.0K – $334.7K
NOI $20,080 @ 7.0% cap · market cap 9.57%
Second Best
Flex RnD
$233.5K
$204.3K – $272.4K
NOI $16,344 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$462.7K
$404.8K – $539.8K
NOI $32,387 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46124, IN
7,891
Population
3,118
Households
2.5
Avg Household Size
41
Median Age
15%
College-Educated
89%
High-School Grad
73.6 sq mi
ZIP Area
107
Density / Sq Mi
$67,926
Median Household Income
$35,974
Median Earnings
$798
Median Rent
$184,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Sakura Boba Cafe — 126 E Main Cross St, Edinburgh, IN 46124
Frequently Asked Questions
What type of property is this?
Flex space - Commercial-zoned property offers a half bath, outdoor parking and storage area, and access drives along both sides.
Where is this flex space located?
The property is located at 607-1/2 E Thompson Street Edinburgh, IN.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 54‑by‑34‑foot flex building on a 0.35‑acre parcel; Commercial zoning; Multiple electrical outlets and an updated electrical panel
