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    803 H L Thompson Jr Dr Ashley, IN 46705

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    For Lease
    Contact for pricing

    101,336 SF Warehouse/Manufacturing Space

    Lot size:
    101,336 SF

    Property Features for 803 H L Thompson Jr Dr

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    101,336 SF
    Total Rate
    58690.43

    Building Details

    Year Built/Renovated
    1998/2013
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 803 H L Thompson Jr Dr, Ashley, IN 46705 Contact us
    Unit

    $6 /Mo

    Size
    101,336 SF
    Contact us

    We can help!

    Listing Contact
    Steven Zacher
    Steven Zacher

    Listing Agency: The Zacher Company Listing Agent: Steven Zacher

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

    Learn more

    Property Insight Report

    Overview

    Exceptional 101,336 square foot industrial property available for lease in Ashley, Indiana. This single-tenant building, constructed in 1998 and renovated in 2013, sits on 15.44 acres and offers a versatile layout ideal for manufacturing and warehousing operations. The space includes a 24,366 square foot corporate office area with employee amenities such as training facilities and lockers. A substantial 41,000 square foot general warehouse area is complemented by a 36,000 square foot humidity and dust-controlled space featuring non-static flooring. The property boasts 8 loading docks, one drive-in door, and ample parking for 200 vehicles. Ceiling heights range from 15.4 feet to 18.5 feet, and the building is equipped with robust 3,200 amp, 3-phase power, including a backup generator. The property benefits from high visibility and easy access to I-69. The property is zoned I1/Industrial and features a tax rate of $0.39 per square foot. The building consists of one story. This is a prime opportunity for businesses seeking a well-maintained, strategically located industrial facility. The property's features are designed to support a wide range of industrial and manufacturing activities. The lease rate is $6.95 per square foot per year, NNN. APN: 02-12-16-201-007.000-074.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trin Inc Association / Organization

    Suggested Use

    Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Department Store Kitchen & Bath Showroom Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashley
    County
    Dekalb
    State
    Indiana
    Longitude
    -85.0572791
    Latitude
    41.5206281

    Nearby Similar for Lease

    • Contact for pricing
      38,308 SF

      Ashley, IN Industrial Space

      38,308 SF industrial space ideal for light manufacturing and electronics.
      803 H L Thompson Jr Dr, Ashley, IN 46705
      View Details

    FAQs

    What type of property is this?
    Distribution center - 101,336 SF Warehouse/Manufacturing Space
    Where is this distribution center located?
    The property is located at 803 H L Thompson Jr Dr Ashley, IN.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 101,336 SF industrial building, single-tenant occupancy.; 15.44 acres of land.; 1-story building, constructed in 1998, renovated in 2013.
    (260) 422-8474 Call to check price and availability
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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
    803 H L Thompson Jr Dr Ashley, IN 46705
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steven Zacher
    Steven Zacher
    Real Estate License ID: RB14014906
    (260) 422-8474 (260) 437-0904
    Learn more
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