Industrial Warehouse on 1.06
For Sale
Contact for pricing
619 S Kyle St, Edinburgh, IN 46124
25,000 sq ft warehouse ideal for contractors or redevelopment.
Property Size25,000 SF
Lot Size1.06 Acres
Price / SF$130
Days on Market100
Property Features for 619 S Kyle St
General Information
Standard status
Active
Size
25,000 SF
Class
C
Lot size
1.06 Acres
Property subtype
Industrial
Zoning
Industrial
Investment Type
Owner/User
Building Details
Year Built
1979
Buildings
1
Units
1
Listing Agency:
EXP REALTY - IN HOMES TODAY
(404) 689-4408
Listed By:
The Wischmeier Group · License #RB14029982
Source:
Crexi
Added: May 21
Changed: Aug 22
Last Checked: Aug 25 at 9:41PM
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 EXP REALTY - IN HOMES TODAY
Investment Insights
Based on property information with market context.
This 25,000 sq ft industrial warehouse is situated on 1.06 acres in Edinburgh. The property features a large multi-span interior, multiple garage and loading dock accesses, ample parking and laydown space, multiple interior offices, and restrooms. Its location provides strong regional access, just off US31 and minutes from I65. The property is suitable for contractors, storage, fabrication, or redevelopment.
Key Highlights
- 25,000 sq ft industrial warehouse on 1.06 acres.
- Located just off US31 and minutes from I65.
- Multiple garage and loading dock accesses.
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
$135,705
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
4.18%
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%
$2,714,100
$2.7M
Cap Rate 7%
$1,938,643
$1.9M
Cap Rate 9%
$1,507,833
$1.5M
Market Conditions
NOI Build-Up for 25,000 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
$175.3K $7.01/SF
− Vacancy
−$15.6K −$0.62/SF
EGI
$159.7K $6.39/SF
− OpEx
−$23.9K −$0.96/SF
NOI
$135.7K $5.43/SF
Area
Johnson County, IN
Vacancy
8.90%
Lease Rate
$7.01 /SF/Yr
Expense Ratio
15.00%
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%
$2,714,100
Cap Rate 7%
$1,938,643
Cap Rate 9%
$1,507,833
Alternative Uses
Best Use
Warehouse
$1.94M
$1.70M – $2.26M
NOI $135,705 @ 7.0% cap · market cap 4.18%
Second Best
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,757 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$6.30M
$5.51M – $7.35M
NOI $441,000 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Storage Express — 305 W County Line Rd, Edinburgh, IN 46124
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Frequently Asked Questions
What type of property is this?
Warehouse - 25,000 sq ft warehouse ideal for contractors or redevelopment.
Where is this warehouse located?
The property is located at 619 S Kyle St Edinburgh, IN.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 25,000 sq ft industrial warehouse on 1.06 acres.; Located just off US31 and minutes from I65.; Multiple garage and loading dock accesses.
