105 Security Pkwy New Albany, IN 47150
For Sale
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This 64,400-square-foot industrial property, located at 105 Security Parkway in New Albany, Indiana, offers a versatile space ideal for various business needs. Currently, 32,500 square feet is available for lease within this multi-tenant building. Built in 1993, the property sits on a 5.85-acre lot and boasts impressive features including 17'6" to 22'8" clear ceiling heights, providing ample vertical space for storage or operations. The facility includes eight loading docks and two drive-in doors, ensuring efficient loading and unloading. The property also offers 20 total parking spaces. Electrical service is robust, featuring 600 amp, 120/208 volt, 3-phase power. The building also includes 10,400 square feet of well-appointed office space distributed over two floors (5,200 square feet per floor), complete with restrooms for both office and warehouse areas. The property is zoned I2 Heavy Industrial, making it suitable for a wide range of industrial uses. The property is conveniently located in the Grant Line Industrial Park, offering easy access to the Grant Line Road/I-265 interchange. Estimated operating expenses are $1.52 per square foot per year. The Floyd County APN is 22-05-10-600-567.000-008.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.