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Property profile & analytics
FOR SALE
Warehouses

105 Security Pkwy New Albany, IN 47150

58,800 SF 3.69 ac lot Built 1993
Entity Owned 15-yr Hold Absentee Owner Free & Clear
Property ID
US31-2035755
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1993
Construction TYPE NOT SPECIFIED
Total area 58,800 SF
Lot 3.69 ac (160,562 SF)
APN 22-05-10-600-586.000-008
UPID US31-2035755
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.57M
Blend (final) Blend
$2.66M
Owner & transaction history
City Of New Albany Of Floyd County · 15 yrs held
City Of New Albany Of Floyd County
since 2010
2 recorded transactions
2022
Price N/A
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $4.4M +116.0%
Retail stores $4.0M +96.0%
Commercial (general) $3.4M +68.5%
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