962 Neubling Ave Evansville, IN 47713
For Sale
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This income-producing industrial property in Evansville, Indiana, offers 20,855 square feet of warehouse and distribution space across three leased units. Strategically located off I-69, S. Kentucky Ave., and Hwy 41, near Wolfe's Auto Auction, this property boasts two buildings on a 0.9-acre lot. The property features five dock-high doors and is zoned M-2. Unit A (6,000 sq ft) rents for $2,250/month, Unit B (7,775 sq ft) for $1,800/month, and Unit C (7,080 sq ft) for $2,500/month. Built in 1978 (Units A & B) and 2019 (Unit C), all units offer 16' clear height ceilings, 400 amp/3-phase power, gas and electric service, and LED high bay lighting. Units A and B have 5" concrete floors, one office, a half-bath, and received new TPO roof overlays within the last five years. Unit C features 6" concrete floors, a small office, a half-bath, a fenced yard, two 16x16 overhead doors, spray foam insulation in the walls, R30 ceiling insulation, and interior metal liner panels. This multi-tenant property presents a strong investment opportunity with established rental income. The asking price is $985,000. APN: 82-09-05-033-061.005-029.
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
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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.