Listing Agency: Keller Williams Indpls Metro N

Listed By: Streamlined Realty Show Phone

Source: Streamlinedrealty

Added: Sep 14 Changed: Oct 28 Last Checked: Oct 28 at 7:47AM

Report an Issue

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 Keller Williams Indpls Metro N

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This self-storage property includes 11 rented units, a current retail area, and an oversized two-car garage equipped with electric service. Additional portions of the site accommodate truck, trailer, RV, and boat storage. The property also includes a 0.75-acre lot, providing substantial outdoor storage area alongside the enclosed improvements.

Located at 8982 S Peoga Rd in Trafalgar, Indiana, the facility is situated just minutes from Trafalgar and Cordry-Sweetwater Lakes. The combination of enclosed units, retail space, garage utility, and outdoor storage areas supports several established commercial functions within one property.

Key Highlights

• 11 rented storage units
• 0.75‑acre lot with multiple outdoor storage areas
• Oversized 2‑car garage with electric service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,199

Cap Rate

7.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$303,980 $304.0K

Cap Rate 7%

$217,129 $217.1K

Cap Rate 9%

$168,878 $168.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$19.6K $7.01/SF

− Vacancy

−$1.7K −$0.62/SF

EGI

$17.9K $6.39/SF

− OpEx

−$2.7K −$0.96/SF

NOI

$15.2K $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 Rate 5%

$303,980

Cap Rate 7%

$217,129

Cap Rate 9%

$168,878

Alternative Uses

Best Use

Retail

$437.5K

$382.8K – $510.4K (±1% cap)

NOI $30,623 @ 7.0% cap · market cap 14.94%

Second Best

Self Storage

$351.1K

$307.2K – $409.6K (±1% cap)

NOI $24,578 @ 7.0% cap · market cap 11.99%

Theoretical Best

Office A

$705.6K

$617.4K – $823.2K (±1% cap)

NOI $49,392 @ 7.0% cap · market cap 24.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick HVAC Service Garden Center Grocery & Convenience Store Gym & Fitness Center Food Market Electronics & Wireless Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Explore this area Business Placement

Demographics for 46181, IN

5,280

Population

1,959

Households

2.7

Avg Household Size

43

Median Age

28%

College-Educated

95%

High-School Grad

45.5 sq mi

ZIP Area

116

Density / Sq Mi

$85,625

Median Household Income

$49,503

Median Earnings

$951

Median Rent

$278,600

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Self storage facility - Storage property with retail space, an electric-service garage, and additional areas for vehicle and equipment storage.

Where is this self storage facility located?

The property is located at 8982 S Peoga Rd Trafalgar, IN.

What is the asking price?

The asking price for this property is $205,000.

What are key features of this property?

This property features: 11 rented storage units; 0.75‑acre lot with multiple outdoor storage areas; Oversized 2‑car garage with electric service