Warehouse with Covered
For Sale
$650,000
9565 W Snyder Rd, La Porte, IN 46350
The property combines office, warehouse, and covered storage improvements across two parcels.
Property Size9,720 SF
Lot Size24.84 Acres
Price / SF$88.80
Days on Market24
Property Features for 9565 W Snyder Rd
General Information
Standard status
Active
Size
9,720 SF
Lot size
24.84 Acres
Property subtype
Commercial
Zoning
Agricultural
Warehouse & Industrial
Warehouse Space
5,400 SF
Office Build-Out
1,920 SF
Building Details
Year Built
1989
Buildings
1
Building Size
9,720 SF
Listing Agency:
Coldwell Banker Realty
Listed By:
Daren Huber · License #RB15000509
(760) 685-6839
Source:
Nwindianahomesearcher
Added: Oct 7
Changed: Oct 28
Last Checked: Oct 28 at 8:27AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Two parcels totaling approximately 24.84 acres include an existing office, warehouse and storage areas, and a covered storage structure. The property was built in 1989. Agricultural zoning is identified, but the exact district, permitted uses, and any approvals for existing improvements or proposed operations should be verified. The offering does not establish approval for industrial activity, outdoor storage, subdivision, or further development.
Key Highlights
- Two parcels totaling approximately 24.84 acres
- Existing office, warehouse and storage areas, plus a covered storage structure
- Built in 1989
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,823
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,460
$676.5K
Cap Rate 7%
$483,186
$483.2K
Cap Rate 9%
$375,811
$375.8K
Market Conditions
NOI Build-Up for 7,320 SF
Gross rent
$43.9K $6.00/SF
− Vacancy
−$4.1K −$0.56/SF
EGI
$39.8K $5.44/SF
− OpEx
−$6.0K −$0.82/SF
NOI
$33.8K $4.62/SF
Area
LaPorte County, IN
Vacancy
9.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,460
Cap Rate 7%
$483,186
Cap Rate 9%
$375,811
Alternative Uses
Best Use
Flex RnD
$1.35M
$1.18M – $1.58M
NOI $94,654 @ 7.0% cap · market cap 14.56%
Second Best
Warehouse
$483.2K
$422.8K – $563.7K
NOI $33,823 @ 7.0% cap · market cap 5.20%
Theoretical Best
Specialty Retail
$2.03M
$1.78M – $2.37M
NOI $142,449 @ 7.0% cap · market cap 21.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 46350, IN
44,522
Population
19,576
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
92%
High-School Grad
193.5 sq mi
ZIP Area
230
Density / Sq Mi
$75,311
Median Household Income
$44,309
Median Earnings
$920
Median Rent
$199,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - The property combines office, warehouse, and covered storage improvements across two parcels.
Where is this warehouse located?
The property is located at 9565 W Snyder Rd La Porte, IN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two parcels totaling approximately 24.84 acres; Existing office, warehouse and storage areas, plus a covered storage structure; Built in 1989
