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    10325 Us Highway 41 Farmersburg, IN 47850

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    For Lease
    Contact for pricing

    New 2,565 SF Flex Building, 3 Suites

    Lot size:
    2,565 SF

    Property Features for 10325 Us Highway 41

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,565 SF
    Class
    A
    Total Rate
    269.33

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 10325 Us Highway 41, Farmersburg, IN 47850 Contact us
    Unit Flex Space: Office/RV/Boat Storage

    $1.26 /Mo

    Size
    2,565 SF
    Contact us

    We can help!

    Listing Contact
    ANDREW SOUTHARD
    ANDREW SOUTHARD

    Listing Agency: Prudential Newlin-Johnson Realtors Listing Agent: ANDREW SOUTHARD

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Class A flex space, newly constructed in 2024, offers 2,565 square feet of versatile space in Farmersburg, Indiana. The single-story building features three suites, with a minimum divisible space of 855 square feet and a maximum contiguous space of 2,565 square feet, allowing for flexibility to suit various business needs. The property boasts a generous 5-acre lot with 400 feet of frontage, providing ample space and visibility. Six drive-in bays, each equipped with 110V power and 30 AMP electrical plugs, ensure convenient access and operational efficiency. High ceilings (18 feet) and 14' x 12' overhead doors accommodate a wide range of uses, including office space, boat, or RV storage. The concrete floors are durable and easy to maintain. Future building amenities include 24/7 access, security cameras, pest control, exterior and interior lighting, air compressors, Wi-Fi, dump stations, and on-site trash service. A demising wall can be installed to create customized spaces. The property is ideally located just eight miles south of Paintmill Lake, Fowler Park, and Griffin Bike Park, and fifteen minutes north of Sullivan County Park and Lake. This prime location offers excellent visibility and accessibility. The owner anticipates future expansion with additional storage buildings and flex office spaces, presenting a unique opportunity for long-term growth and investment. The property is zoned commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Building Supply Skin Care Clinic Mobile Phone Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmersburg
    County
    Sullivan
    State
    Indiana
    Longitude
    -87.38923
    Latitude
    39.23572

    FAQs

    What type of property is this?
    Flex space - New 2,565 SF Flex Building, 3 Suites
    Where is this flex space located?
    The property is located at 10325 Us Highway 41 Farmersburg, IN.
    What is the lease rate?
    The lease rate is $1.26 SF/Yr.
    What are key features of this property?
    This property features: 2,565 SF of newly constructed Class A flex space available for lease.; Building features 18' ceilings, six drive-in bays, and 110V power.; Divisible units from 855 SF to the full 2,565 SF; entire building available.
    (812) 249-6623 Call to check price and availability
    Request Owner's contact information
    10325 Us Highway 41 Farmersburg, IN 47850
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    Farmersburg, IN 47850
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10325 Us Highway 41 Farmersburg, IN 47850
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing ANDREW SOUTHARD
    ANDREW SOUTHARD
    Real Estate License ID: RB16001137
    (812) 249-6623 (812) 478-1900
    Learn more
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