Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warehouse Bays for Individual Lease Title is generated by Realmo AI

    1121 State Road 46 W, Batesville, IN 47006

    View on Map
    Claim this Listing
    New
    For Lease
    $1,500/Mo $3 SF/Yr (calc)

    Industrial - Batesville, IN

    Type:Industrial
    Property size:
    5,000 SF
    Lot size:
    4.17 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 11:06 am

    Property Features for 1121 State Road 46 W

    General Information

    Property type
    Commercial Lease
    Property subtype
    Industrial
    Zoning
    commercial
    Standard status
    Active
    APN
    241224200001000015
    Size
    5,000 SF
    Lot size
    4.17 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kirsta Tunny

    Listing agent Kirsta Tunny License #RB20000102

    Listing office Lohmiller Real Estate W Eads Pkwy, Lawrenceburg, IN

    Listing date Jun 5, 2026

    MLS# 22106462 Listing URL

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4,000 SF warehouse with multiple bays available to lease individually or as a whole
    • Each bay has wide access and high ceilings for storage, light industrial use, or business operations
    • Natural gas heating
    • Utilities are billed at a flat rate

    Overview

    This warehouse property includes multiple bays that can be leased individually or together as a whole. The space is designed for practical industrial use, with wide access and high ceilings that can support storage, light industrial work, or other business operations. Utilities are billed at a flat rate, which can simplify budgeting for tenants.

    The property is located in Batesville, Indiana, on State Road 46 W. The listing describes the site as a convenient location within Franklin County.

    Because the building is configured for bay-by-bay occupancy, it can work well for tenants who need flexible space sizing rather than a single large unit. The wide access and high ceilings align with common warehouse requirements, while the flat-rate utilities structure may be helpful for businesses planning monthly operating expenses. Zoning is identified as commercial, supporting a range of light industrial and storage-focused uses consistent with the property description.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lighthouse Storage — 513 E Boehringer St, Batesville, IN 47006
    • Gillman Self Storage — 1162 Tekulve Rd, Batesville, IN 47006
    • KAP Storage — 414 Six Pne Rnch Rd, Batesville, IN 47006

    Location Insight

    • Map
    • Local Demand
    City
    Batesville
    County
    Ripley
    State
    Indiana
    Longitude
    -85.249417
    Latitude
    39.308022

    Nearby Similar for Lease

    • $21 SF/Yr

      Medical Building For Lease

      Medical building available for lease in Batesville, Indiana.
      20 Alpine Dr, Batesville, IN 47006
      View Details
    • Contact for pricing
      16,000 SF

      Office Building with Large Parking

      Office space for rent with convenient access and ample parking.
      1 Batesville Blvd, Batesville, IN
      View Details
    • Contact for pricing
      25,200 SF

      Industrial Warehouse Space Available

      25,200 SF industrial warehouse space for rent.
      150 Industrial Park Rd, Batesville, IN
      View Details

    FAQs

    What type of property is this?
    Warehouse - 4,000-square-foot warehouse offers multiple bays with wide access and high ceilings for storage or light industrial operations.
    Where is this warehouse located?
    The property is located at 1121 State Road 46 W Batesville, IN.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: 4,000 SF warehouse with multiple bays available to lease individually or as a whole; Each bay has wide access and high ceilings for storage, light industrial use, or business operations; Natural gas heating
    (812) 498-2779
    We can help!
    Listing Contact
    Kirsta Tunny
    Real Estate License ID: RB20000102
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1121 State Road 46 W, Batesville, IN 47006
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!