1419 Market St New Albany, IN 47150-2807
This exceptional 5,247-square-foot freestanding industrial building presents a unique sublease opportunity, with the owner potentially open to a direct deal. Strategically located at the intersection of East Market Street and East 15th Street in New Albany, Indiana, this property offers a blend of warehouse and office space, perfect for a variety of businesses. The building boasts approximately 2,000 square feet of well-appointed office space, complemented by a spacious 3,247-square-foot warehouse area. Two 12' x 12' grade-level drive-in doors provide convenient access for loading and unloading, enhancing operational efficiency. Adding to its versatility, a fenced rear area offers secure storage or parking, providing additional functionality for tenants. The property is zoned TR and features ceiling heights ranging from 12 to 16 feet. The entire 5,247 square feet is currently vacant, making it an ideal space for immediate occupancy. This single-tenant building offers a rare opportunity to establish a presence in a desirable New Albany location. The property's combination of office and warehouse space, along with its convenient access and secure outdoor area, makes it an attractive option for businesses seeking a functional and well-located industrial space.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.