Warehouse Unit with Fenced
For Sale
Contact for pricing
611 W 11th Street Unit 14, Bloomington, IN 47404
A compact commercial space offers separate overhead and walk-in access, plus a fenced area.
Property Size500 SF
Price / SF$10.80
Days on Market11
Property Features for 611 W 11th Street Unit 14
General Information
Standard status
Active
Size
500 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
1
Building Details
Year Built
1967
Listing Agency:
INDIANA Dave Real Estate
Listed By:
David Nakarado · License #SP30403593
(812) 340-9916
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:13PM
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 INDIANA Dave Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse unit includes a 25X20 space, a fenced area, an overhead door, and a separate walk-in entrance. Access is available around the clock.
Built in 1967, the property is at 611 W 11th Street, Unit 14, in Bloomington, Indiana.
Built in 1967, the property is at 611 W 11th Street, Unit 14, in Bloomington, Indiana.
Key Highlights
- 25X20 space
- Fenced area
- Overhead door and separate walk‑in entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,590
Suggested Prices Based on Cap Rates
Cap Rate 5%
$71,800
$71.8K
Cap Rate 7%
$51,286
$51.3K
Cap Rate 9%
$39,889
$39.9K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$4.7K $9.48/SF
− Vacancy
−$517 −$1.03/SF
EGI
$4.2K $8.45/SF
− OpEx
−$634 −$1.27/SF
NOI
$3.6K $7.18/SF
Area
Monroe County, IN
Vacancy
10.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$71,800
Cap Rate 7%
$51,286
Cap Rate 9%
$39,889
Alternative Uses
Best Use
Warehouse
$51.3K
$44.9K – $59.8K
NOI $3,590 @ 7.0% cap · market cap 66.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$97.7K
$85.5K – $114.0K
NOI $6,840 @ 7.0% cap · market cap 126.67%
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
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,811
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 47404, IN
23,799
Population
12,101
Households
2
Avg Household Size
33
Median Age
43%
College-Educated
95%
High-School Grad
52.6 sq mi
ZIP Area
452
Density / Sq Mi
$54,674
Median Household Income
$36,725
Median Earnings
$1,159
Median Rent
$243,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- ReuseRat Pickup & Resale
- Virtu360 - 3D Virtual Tours — 1329 N Woodburn Ave, Bloomington, IN 47404
Frequently Asked Questions
What type of property is this?
Warehouse - A compact commercial space offers separate overhead and walk-in access, plus a fenced area.
Where is this warehouse located?
The property is located at 611 W 11th Street Unit 14 Bloomington, IN.
What are key features of this property?
This property features: 25X20 space; Fenced area; Overhead door and separate walk‑in entrance
