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Property profile & analytics
FOR LEASE
Industrial land

5505 Foundation Dr Evansville, IN 47725

9.09 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US31-0842211
Property summary
AI-generated overview

This exceptional build-to-suit opportunity is situated in Evansville's premier Vanderburgh Industrial Park, offering unparalleled access to major transportation arteries. The property boasts a 9.084-acre lot with high visibility from I-69 and frontage on US-57. The proposed building, ranging from 100,000 to 206,221 square feet, is perfectly suited for manufacturing, warehousing, and distribution needs. Customization is available to meet specific tenant requirements. Building specifications include a pre-engineered steel structure with an optional concrete tilt construction, a 1,000 square foot office area, 32-foot ceilings, 50' x 50' column spacing, 7-inch unreinforced concrete flooring, 30 employee parking spaces, approximately five loading docks with equipment, and two drive-in doors. The building will also feature an ESFR fire suppression system, T-5 lighting with motion sensors, and warehouse heating. Construction is estimated to take 8-10 months. The quoted asking rates are based on a 15-year lease term, with rates for a 10-year term available upon request. The property is zoned M-2 and has APN 82-04-01-009-277.013-030. This single-tenant, one-story building presents a rare chance to secure a state-of-the-art facility in a highly desirable location.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 9.09 ac (395,786 SF)
APN 82-04-01-009-277.013-030
UPID US31-0842211
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hoocat Holdings LLC · 4 yrs held
Hoocat Holdings LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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