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

    9301 S Innovation Dr Daleville, IN 47334

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $7 SF/Yr

    8,220 SF +/- divisible space suitable for retail, office, industrial.

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Bill Drinkall, Sior
    Source: Bradleyco

    Listing Agent: Bill Drinkall, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Daleville Flex Space For Lease

    Located in Daleville, Indiana, this 8,220 square foot space is available for lease. The flexible floor plan can be utilized for retail, office, or light industrial purposes. Situated just off I-69, between Indianapolis and Fort Wayne, the property is located in the well-maintained and visually appealing Heartland Crossing Business Center. The space is suitable for various users, including engineering firms, architects, data centers, and temporary workforce offices. It features ample parking and a single point of entry for security.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    First Merchants Bank ... Atm Heartland Cafe and Deli Sandwich Shop Sherry Laboratories Medical Laboratory First Merchants Bank ... Corporate Office Heartland Health insurance Health Insurance Agency

    Suggested Use

    Restaurant Realty agency Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Kitchen & Bath Food Market HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Daleville
    County
    Delaware
    State
    Indiana
    Longitude
    -85.5650553
    Latitude
    40.1097926

    Nearby Similar for Lease

    • New
      $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
    • $7 SF/Yr
      87,100 SF

      Daleville Industrial Space For Lease

      87,100 SF industrial space suitable for manufacturing and distribution.
      9401 S Innovation Dr, Daleville, IN 47334
      View Details
    • $25,000
      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

    FAQs

    What type of property is this?
    Office space - 8,220 SF +/- divisible space suitable for retail, office, industrial.
    Where is this office space located?
    The property is located at 9301 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: - Low lease rate makes this space an attractive option.; - Flexible floor plan suitable for retail, office, or light industrial uses.; - Located in well-maintained and visually appealing Heartland Crossing Business Center.
    (260) 715-3408
    Request Owner's contact information
    9301 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.
    9301 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
    9301 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
    Bill Drinkall, Sior
    (260) 715-3408
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.