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    9175 Innovation Dr Daleville, IN 47334

    Sponsored
    For Sale
    $6,850,000

    Industrial, Industrial Warehouse - Daleville, IN

    Type:Single Family Residence
    Property size:
    50,000 SF
    Lot size:
    8.33 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 29 at 3:06 am

    Property Features for 9175 Innovation Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Kitchen, Office
    Bathrooms
    4
    APN
    18-13-12-400-044.000-026
    Parking
    48
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Concrete, Drywall, Dock Leveler, Overhead Door 1, Overhead Door 2, Delivery Door, Office Space, Reception Area, Ventilating/Exhaust Fans
    Exterior features
    Dock Leveler, Fenced, Loading Dock 1, Loading Dock 2, Overhead Door 1, Overhead Door 2, Delivery Door, Office Space, Reception Area, Ventilating/Exhaust Fans
    Fencing
    Fenced
    Size
    50,000 SF
    Lot size
    8.33 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2013
    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

    Coldwell Banker Lunsford (765) 289-2228

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

    Listing date Jan 21, 2026

    MLS# 202602217 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 Warehouse with Storage

    This industrial warehouse is centrally located on Interstate 69 between Indianapolis and Ft Wayne. The tilt-up concrete facility, completed in 2018 with new exterior paint in 2022, is in excellent condition and includes 50,000 square feet of inside storage with a 32' clear height, plus 2 acres of secure, fenced, and paved outside storage. The warehouse features four dock doors, two drive-in doors, ESFR sprinklers, a 400 AMP Main, LED motion lights, and 2 gas heaters. The property includes 8.33 acres with the possibility of expanding onto an additional 8.3 acres. The facility also offers 2,500 square feet of finished office area, designed with an open bull pen space, 3 private offices, a conference room, server room, and kitchenette. There are 2 restrooms in the office and 2 in the warehouse. Lease options are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wesco Distribution Service

    Suggested Use

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

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

    Similar Places Nearby

    Countyline Storage, Immediate container

    Location Insight

    • Map
    • Local Demand
    City
    Daleville
    County
    Delaware
    State
    Indiana
    Longitude
    -85.563336
    Latitude
    40.111367

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    FAQs

    What type of property is this?
    Warehouse - 50,000 SF warehouse with fenced, paved outside storage.
    Where is this warehouse located?
    The property is located at 9175 Innovation Dr Daleville, IN.
    What is the asking price?
    The asking price for this property is $6,850,000.
    What are key features of this property?
    This property features: - 50,000 sq ft warehouse with 32' clear height and 2 acres of secure, fenced, and paved outside storage.; - Excellent condition tilt-up concrete facility, built in 2018 with new exterior paint in 2022.; - Centrally located on Interstate 69 between Indianapolis and Ft Wayne.
    (765) 808-1400
    Request Owner's contact information
    9175 Innovation Dr Daleville, IN 47334
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    Daleville, IN 47334
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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
    9175 Innovation Dr Daleville, IN 47334
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    We can help!
    Listing Contact
    Brian Allardt
    Real Estate License ID: RB14013784
    (765) 808-1400
    Learn more
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