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Property profile & analytics
FOR SALE
Warehouses

962 Neubling Ave Evansville, IN 47713

13,775 SF 0.9 ac lot Built 1978
Entity Owned 20-yr Hold Free & Clear
Property ID
US31-0804439
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1978
Construction WOOD
Total area 13,775 SF
Lot 0.9 ac (39,382 SF)
APN 82-09-05-033-061.005-029
UPID US31-0804439
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
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Owner & transaction history
Michael S Martin Realty II LLC · 20 yrs held
Michael S Martin Realty II LLC
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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