Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    825 W 375 N Lebanon, IN 46052

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.27 acres near the $9 billion Eli Lilly project.

    Lot size:
    2.27 Acres

    Property Features for 825 W 375 N

    General Information

    Lot size
    2.27 Acres

    We can help!

    Listing Contact
    Crystal Kennard
    Source: Moodyscre

    Listing Agent: Crystal Kennard

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

    Learn more

    Property Insight Report

    Overview

    Land Near Eli Lilly Project

    This property features 2.27 acres of land situated adjacent to the new $9 billion Eli Lilly project. The Eli Lilly development is expected to bring approximately 2,300 new jobs, complementing the new LEAP Lebanon Innovation District Development. The LEAP project encompasses over 9,000 acres located near Lebanon, IN, along the I-65 corridor. This development is planned to offer diverse settings, including megasites, advanced manufacturing facilities, mixed-use spaces, and corporate campuses. Upon full build-out, LEAP Lebanon anticipates hosting hundreds of companies, employing over 50,000 individuals at industry-leading organizations. The LEAP Research and Innovation District aims to attract a diverse mix of state-of-the-art businesses and cultivate a highly skilled workforce, fostering employment opportunities for Lebanon and surrounding communities while enhancing Indiana’s economic vitality.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Hair Salon Hotel & Motel Kitchen & Bath Storage Facility Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Boone
    State
    Indiana
    Longitude
    -86.4832
    Latitude
    40.09368

    Nearby Similar for Sale

    • $1,800,000
      20.11 Acres

      Tillable Land Near Whitestown Pkwy

      20+ acres of tillable land primed for development.
      6775 S 475 E, Lebanon, IN 46052
      View Details
    • $3,000,000
      2,922 SF

      Retail Property Near Future Development

      Retail property in a growing area near future Meijer development.
      2432 N Lebanon St, Lebanon, IN 46052
      View Details
    • $1,500,000
      6,400 SF

      Retail/Restaurant/Office Building For Sale

      6400 sq ft building on almost 2 acres.
      1350 W State Road 32, Lebanon, IN 46052
      View Details
    • $379,900
      868 SF

      Lebanon Street Commercial Property

      High-traffic location, endless potential.
      1223 Lebanon St, Lebanon, IN 46052
      View Details
    • $525,000
      36,000 SF

      Large Lebanon Industrial Building

      36,000 SF Industrial Space - $525,000
      808 Walnut St, Lebanon, IN 46052
      View Details
    • $850,000
      14,546 SF

      Lebanon Bowling Alley Business

      Turnkey bowling alley, bar, & building.
      1901 Indianapolis Ave, Lebanon, IN 46052
      View Details
    • $1,452,500
      11.62 Acres

      Lebanon Commercial Land Investment

      Prime 11.62 Acres Near I-65
      3515/3555 Indianapolis Rd, Lebanon, IN 46052
      View Details

    FAQs

    What type of property is this?
    Land - 2.27 acres near the $9 billion Eli Lilly project.
    Where is this land located?
    The property is located at 825 W 375 N Lebanon, IN.
    What are key features of this property?
    This property features: - Adjacent to the new $9 billion Eli Lilly project.; - Located near the 9,000+ acre LEAP Lebanon Innovation District Development.; - Proximity to a development expected to house hundreds of companies.
    (317) 284-5534
    Request Owner's contact information
    825 W 375 N Lebanon, IN 46052
    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.
    825 W 375 N
    Lebanon, IN 46052
    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
    825 W 375 N Lebanon, IN 46052
    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
    Crystal Kennard
    Real Estate License ID: IN RB14051298
    (317) 284-5534
    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.