Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9401 S Innovation Dr Daleville, IN 47334

    Sponsored
    For Lease
    $7 SF/Yr

    Other/Unknown, Light Industry Mfg,Warehouse - Daleville, IN

    Type:Manufactured Home
    Property size:
    87,100 SF
    Lot size:
    2.58 Acres
    Days on Market:
    149
    Last Refresh:
    Feb 11 at 2:06 pm

    Property Features for 9401 S Innovation Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Manufactured Home
    Standard status
    Active
    Rooms
    Kitchen, Office
    APN
    18-13-12-401-004.000-026
    Parking
    1600
    Parking features
    Off Street
    Interior features
    Concrete, Drywall, Overhead Door 1, Overhead Door 2, Delivery Door
    Size
    87,100 SF
    Lot size
    2.58 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

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

    We can help!

    Listing Contact
    Brian Allardt
    Brian Allardt

    Coldwell Banker Lunsford (765) 289-2228

    Listing agent Brian Allardt (765) 289-2228 License #RB14013784

    Listing date Sep 16, 2025

    MLS# 202529950 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.

    Learn more

    Property Insight Report

    Overview

    Daleville Industrial Space For Lease

    Available for lease in Daleville, Indiana, this 87,100-square-foot space is suitable for corporate headquarters, data centers, light manufacturing, labs, or distribution. The property is located in the Heartland Business Center at the intersection of I-69 and SR 67. The space features offices, a conference room, and a break/lunch room. Delivery and dock access are available. The property is situated on a 2.58-acre lot. Flexible lease terms are offered.
    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
    -85.566788
    Latitude
    40.109248

    Nearby Similar for Lease

    • $7 SF/Yr
      50,000 SF

      Daleville Warehouse with Fenced Storage

      50,000 SF warehouse with fenced storage near I-69.
      9175 S Innovation Dr, Daleville, IN 47334
      View Details
    • Contact for pricing
      39,105 SF

      Truck Maintenance Facility Near I-69

      Well-equipped truck maintenance facility with excellent access and functionality.
      14611 W Commerce Rd, Daleville, IN 47334
      View Details
    • Contact for pricing

      Daleville Industrial Warehouse

      Prime I-69 location, ample storage
      9175 Innovation Dr, Daleville, IN 47334
      View Details
    • $7 SF/Yr
      50,000 SF

      Daleville Industrial Warehouse

      50,000 SF Warehouse, 8.33 Acres
      9175 Innovation Dr, Daleville, IN 47334
      View Details
    • $7 SF/Yr

      Daleville Flex Space For Lease

      8,220 SF +/- divisible space suitable for retail, office, industrial.
      9301 S Innovation Dr, Daleville, IN 47334
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 87,100 SF industrial space suitable for manufacturing and distribution.
    Where is this manufacturing property located?
    The property is located at 9401 S Innovation Dr Daleville, IN.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - Flexible lease terms suitable for various business needs.; - Convenient delivery and dock access for efficient operations.; - Clean and well-maintained space with offices, conference room, and break/lunch room.
    (765) 808-1400
    Call for status update
    Request Owner's contact information
    9401 S Innovation Dr Daleville, IN 47334
    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.
    9401 S Innovation Dr
    Daleville, IN 47334
    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
    9401 S Innovation Dr Daleville, IN 47334
    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

    We can help!
    Listing Contact
    Brian Allardt
    Brian Allardt
    Real Estate License ID: RB14013784
    (765) 808-1400
    Learn more
    Google sign-in failed. Please try again or use another login method.