Industrial Warehouse with Loading
For Sale
$2,990,000
619 S Kyle Street, Edinburgh, IN 46124
Commercial Sale, Edinburgh, IN
Property Size25,000 SF
Lot Size1.06 Acres
Price / SF$119.60
Days on Market149
Property Features for 619 S Kyle Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Parking features
Garage, Leased, Open
Elementary school
East Side Elementary School
Middle school
Edinburgh Comm Middle School
High school
Edinburgh Community High School
Elementary school district
Edinburgh Community School Corp
Middle school district
Edinburgh Community School Corp
High school district
Edinburgh Community School Corp
Directions
GPS Friendly
Subdivision
4109 - Johnson - Blue River
Standard status
Active
APN
411234034084000002
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Se Sw S34 T11 R5
Tax Annual Amount
17164
Legal Description
Pt Se Sw S34 T11 R5
Utilities
Utilities
Cable Available
Building Details
Year built
1979
Roof type
Aluminum
Listing Agency:
eXp Realty LLC
(812) 374-8680
Listed By:
Ashton Wischmeier · License #RB25000099
(888) 611-3912
Added: May 1
Changed: Sep 23
Last Checked: Sep 26 at 1:06AM
MLS# 22099330
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.
Investment Insights
Based on property information with market context.
This industrial warehouse provides 25,000 square feet of enclosed space on a 1.06-acre site. Built in 1979, the facility features a multi-span interior, multiple garage and loading dock access points, interior offices, and restrooms. Open parking and laydown areas support storage, equipment, and day-to-day industrial operations. The roof is aluminum, and cable is available at the property.
The facility is positioned just off US31 in Edinburgh, with access to I65 within minutes. Its location and configuration support a range of industrial applications identified for the property, including contractor operations, storage, fabrication, or redevelopment.
The facility is positioned just off US31 in Edinburgh, with access to I65 within minutes. Its location and configuration support a range of industrial applications identified for the property, including contractor operations, storage, fabrication, or redevelopment.
Key Highlights
- 25,000 square feet of industrial warehouse space on 1.06 acres
- Multi‑span interior with multiple garage and loading dock accesses
- Interior offices and restrooms included
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
$222,544
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
7.44%
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%
$4,450,880
$4.5M
Cap Rate 7%
$3,179,200
$3.2M
Cap Rate 9%
$2,472,711
$2.5M
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
$375.0K $15.00/SF
− Vacancy
−$32.6K −$1.31/SF
EGI
$342.4K $13.70/SF
− OpEx
−$119.8K −$4.79/SF
NOI
$222.5K $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 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%
$4,450,880
Cap Rate 7%
$3,179,200
Cap Rate 9%
$2,472,711
Alternative Uses
Best Use
Flex RnD
$3.18M
$2.78M – $3.71M
NOI $222,544 @ 7.0% cap · market cap 7.44%
Second Best
Warehouse
$1.94M
$1.70M – $2.26M
NOI $135,705 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$6.30M
$5.51M – $7.35M
NOI $441,000 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
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
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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 - Multi-span industrial space includes offices, restrooms, garage access, and loading dock access.
Where is this warehouse located?
The property is located at 619 S Kyle Street Edinburgh, IN.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: 25,000 square feet of industrial warehouse space on 1.06 acres; Multi‑span interior with multiple garage and loading dock accesses; Interior offices and restrooms included
