Flex Space with Overhead
For Sale
Contact for pricing
805 Wesco Parkway, Sheridan, IN 46069
A combined office and warehouse layout includes conference areas and paved rear access for loading or parking.
Property Size8,000 SF
Price / SF$0.81
Days on Market47
Property Features for 805 Wesco Parkway
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Mixed Use
Additional Details
Utilities to Site
Yes
Loading
Rear Load
Property Use
Flex Space
Building Details
Year Built
2021
Listing Agency:
eXp Realty, LLC
Listed By:
LockStep Realty
(317) 218-9625
Source:
Locksteprealty
Added: Sep 18
Changed: Nov 3
Last Checked: Nov 3 at 8:20AM
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, LLC
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Investment Insights
Based on property information with market context.
This 8,000-square-foot flex property pairs professional office and conference areas with a large open warehouse area. The space also supports production, storage, and distribution functions, with high ceilings and multiple overhead doors. A paved area at the rear accommodates loading or parking, and all utilities are available.
Key Highlights
- 8,000 square feet of flex/industrial space
- Professional office and conference areas
- Large open warehouse area for production, storage, and distribution
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,907
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,140
$538.1K
Cap Rate 7%
$384,386
$384.4K
Cap Rate 9%
$298,967
$299.0K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$47.0K $5.88/SF
− Vacancy
−$5.6K −$0.71/SF
EGI
$41.4K $5.17/SF
− OpEx
−$14.5K −$1.81/SF
NOI
$26.9K $3.36/SF
Area
Hamilton County, IN
Vacancy
12.00%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,140
Cap Rate 7%
$384,386
Cap Rate 9%
$298,967
Alternative Uses
Best Use
Warehouse
$526.8K
$461.0K – $614.6K
NOI $36,876 @ 7.0% cap · market cap 567.32%
Second Best
Industrial
$433.8K
$379.6K – $506.2K
NOI $30,369 @ 7.0% cap · market cap 467.22%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,073 @ 7.0% cap · market cap 1,985.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46069, IN
7,012
Population
3,054
Households
2.3
Avg Household Size
42
Median Age
26%
College-Educated
93%
High-School Grad
88.4 sq mi
ZIP Area
79
Density / Sq Mi
$70,784
Median Household Income
$46,042
Median Earnings
$861
Median Rent
$243,400
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
- The Bountiful Board — 3901 IN-47 Suite 10, Sheridan, IN 46069
Frequently Asked Questions
What type of property is this?
Flex space - A combined office and warehouse layout includes conference areas and paved rear access for loading or parking.
Where is this flex space located?
The property is located at 805 Wesco Parkway Sheridan, IN.
What are key features of this property?
This property features: 8,000 square feet of flex/industrial space; Professional office and conference areas; Large open warehouse area for production, storage, and distribution
