Light Industrial Flex
677 State Road 130 Hobart, IN 46342
677 State Road 130, Hobart, IN, 46342
$1,199,000
For Sale
$1,199,000
Well-maintained 11,760 SF light industrial facility with office space, warehouse, three 10-foot overhead doors, and radiant heat.
Property Size11,760 SF
Price / SF$101.96
Days on Market316
Property Features for 677 State Road 130
General Information
- Standard status
- Active
- Size
- 11,760 SF
Listing agency
Century 21 Alliance Group
(219) 405-8596
Listed by
Nicholas Sommer · License #RB14050981
(219) 405-8596
Source
Exprealty
Added: Sep 10, 2025 Updated: Jul 22 at 11:47AM Checked: Jul 22 at 11:47AM
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 Century 21 Alliance Group
Investment Insights
Based on property information with market context.
This light industrial flex building is a metal structure in excellent condition, totaling 11,760 SF. The property includes 720 SF of office space and 11,040 SF of warehouse area. The office features a receptionist desk and a large open area that could serve as a waiting area or be reconfigured into private offices.
The warehouse is equipped with three 10-foot overhead doors, radiant heat, floor drains, 12-foot ceilings, and a 400-amp electrical service. The building also offers paved parking for up to 30 vehicles. The property is zoned for light industrial and has frontage on State Road 130, located just east of Hobart.
The warehouse is equipped with three 10-foot overhead doors, radiant heat, floor drains, 12-foot ceilings, and a 400-amp electrical service. The building also offers paved parking for up to 30 vehicles. The property is zoned for light industrial and has frontage on State Road 130, located just east of Hobart.
Key Highlights
- 11,760 SF light industrial metal building with frontage on State Road 130, just east of Hobart
- Includes 720 SF of office space plus 11,040 SF warehouse space
- Office features a receptionist desk and a large open area for a waiting area or private offices
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.0k | $8.76 |
| − Vacancy | −$5.6k | −$0.47 |
| EGI | $97.5k | $8.29 |
| − OpEx | −$14.6k | −$1.24 |
| NOI | $82.8k | $7.04 |
11,760 SF · lease $8.76/SF/yr · vacancy 5.39% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.13M
$1.86M – $2.49M
NOI $149,171 @ 7.0% cap · market cap 12.44%
Second Best
Warehouse
$1.18M
$1.04M – $1.38M
NOI $82,845 @ 7.0% cap · market cap 6.91%
Theoretical Best
Specialty Retail
$3.28M
$2.87M – $3.83M
NOI $229,805 @ 7.0% cap · market cap 19.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Well-maintained 11,760 SF light industrial facility with office space, warehouse, three 10-foot overhead doors, and radiant heat.
Where is this flex space located?
The property is located at 677 State Road 130 Hobart, IN.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 11,760 SF light industrial metal building with frontage on State Road 130, just east of Hobart; Includes 720 SF of office space plus 11,040 SF warehouse space; Office features a receptionist desk and a large open area for a waiting area or private offices
