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    9401 Innovation Drive Daleville, IN 47344

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    For Sale
    $2,975,000

    Office, Business Service,Light Industry Mfg - Daleville, IN

    Type:Manufactured Home
    Property size:
    87,000 SF
    Lot size:
    2.58 Acres
    Price / SF:
    $34/SF
    Added:
    Jul 30, 2025
    Days on Market:
    283
    Last Refresh:
    May 8 at 6:06 am

    Property Features for 9401 Innovation Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Manufactured Home
    Bathrooms
    6
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Parking
    1600
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Concrete, Drywall, Overhead Door 1, Overhead Door 2
    Exterior features
    Loading Dock 1, Loading Dock 2, Overhead Door 1, Overhead Door 2
    Standard status
    Active
    APN
    18-13-12-401-004.000-026
    Size
    87,000 SF
    Lot size
    2.58 Acres

    Taxes and HOA fees

    Tax Annual Amount
    56719

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1994
    Floors in Building
    1
    Flooring type
    Carpet, Concrete
    Building materials
    Concrete
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Allardt
    Brian Allardt

    Listing agent Brian Allardt License #RB14013784

    Listing office Coldwell Banker Real Estate Group 400 N High St. Suite 110 (Broker: Adam Ertel), Muncie, IN

    Listing date Jul 30, 2025

    MLS# 202529948 Listing URL

    Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 87,000 sq ft corporate office space with 25,000 sq ft of light production area.
    • Strategic location on Interstate 69, just 20 minutes from Indianapolis.
    • Includes two storage warehouse areas and a cafe space.
    • Features two additional separate lease spaces for potential income.
    • Located in Heartland Business Center at the Muncie/Daleville Exit.
    • Recent business growth in the area with new service stations and restaurants.

    Overview

    Versatile Office and Production Facility

    This property offers an 87,000 sq ft corporate office space that includes 25,000 sq ft of light production area, along with two storage warehouse areas, a cafe space, and two additional separate lease spaces. Situated in the Heartland Business Center at the Muncie/Daleville Exit, the property is located on Interstate 69, approximately 20 minutes northeast of Indianapolis, Indiana. The property is situated on a 2.58-acre lot. The surrounding area has seen significant recent business growth, including new QT and WAWA convenience service stations, a new Culvers, and a Starbucks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kruse Worldwide Courier Trucking Company A E Boyce Co Marketing & Advertising FedEx Drop Box Postal Service IBM Electronics & Wireless Store Two Men and a Truck Moving Company

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Food Market HVAC Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Daleville
    County
    Delaware
    State
    Indiana
    Longitude
    -85.563455
    Latitude
    40.110955

    Nearby Similar for Sale

    • $6,850,000
      50,000 SF

      Industrial Warehouse with Outside Storage

      Centrally located warehouse with fenced storage and expansion potential.
      9175 Innovation Drive Daleville, IN 47334
      View Details
    • $2,800,000
      94,000 SF

      I-69 Frontage Retail Opportunity

      94,000 SF retail property with I-69 frontage for sale.
      9200 S Tradervillage Way, Daleville, IN
      View Details

    FAQs

    What type of property is this?
    Office building - 87,000 SF corporate office and production space for sale.
    Where is this office building located?
    The property is located at 9401 Innovation Drive Daleville, IN.
    What is the asking price?
    The asking price for this property is $2,975,000.
    What are key features of this property?
    This property features: 87,000 sq ft corporate office space with 25,000 sq ft of light production area.; Strategic location on Interstate 69, just 20 minutes from Indianapolis.; Includes two storage warehouse areas and a cafe space.
    (765) 808-1400
    We can help!
    Listing Contact
    Brian Allardt
    Brian Allardt
    Real Estate License ID: RB14013784
    Learn More
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    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
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