Flex Conversion Industrial
8645 E Backwater Rd North Webster, IN 46555
For Sale
Contact for pricing
Flex-capable industrial space features a wide-open layout and large three-sided windows.
Property Size12,782 SF
Price / SF$59.85
Days on Market135
Property Features for 8645 E Backwater Rd
General Information
Standard status
Active
Size
12,782 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Sturges Property Group
(260) 438-3525
Listed By:
John Caffray · License #RB14049106
(260) 438-3525
Source:
Moodyscre
Added: Mar 17
Changed: Jul 29
Last Checked: Jul 29 at 8:32AM
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 Sturges Property Group
Investment Insights
Based on property information with market context.
This industrial property is set up for straightforward conversion to flex space, with a wide-open floor plan designed to support flexible interior layouts. Large windows on three sides bring in natural light, enhancing the usability of the main space.
The building is located at 8645 E Backwater Rd in North Webster, IN 46555. The property’s configuration and daylighting should be well-suited for users seeking an open interior arrangement.
With its conversion-ready design, expansive open area, and three-sided window exposure, the space offers a practical foundation for a variety of flex-oriented operating needs.
The building is located at 8645 E Backwater Rd in North Webster, IN 46555. The property’s configuration and daylighting should be well-suited for users seeking an open interior arrangement.
With its conversion-ready design, expansive open area, and three-sided window exposure, the space offers a practical foundation for a variety of flex-oriented operating needs.
Key Highlights
- Flex‑capable industrial space with potential for easy conversion to flex space
- Wide‑open floor plan for flexible use
- Large windows on three sides of the building
Financial Insights For Industrial
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 | $84.4k | $6.60 |
| − Vacancy | −$4.2k | −$0.33 |
| EGI | $80.1k | $6.27 |
| − OpEx | −$24.0k | −$1.88 |
| NOI | $56.1k | $4.39 |
12,782 SF · lease $6.60/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.05M
$917.6K – $1.22M
NOI $73,407 @ 7.0% cap · market cap 9.60%
Second Best
Industrial
$801.4K
$701.3K – $935.0K
NOI $56,100 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,877 @ 7.0% cap · market cap 20.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex-capable industrial space features a wide-open layout and large three-sided windows.
Where is this flex space located?
The property is located at 8645 E Backwater Rd North Webster, IN.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Flex‑capable industrial space with potential for easy conversion to flex space; Wide‑open floor plan for flexible use; Large windows on three sides of the building
