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    507 Indiana St Edon, OH 43518

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    For Sale
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    127,461 SF Office/Warehouse For Sale

    Property size:
    127,461 SF

    Property Features for 507 Indiana St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    127,461 SF
    Lot Size
    342,382 SF

    Building Details

    Year Built/Renovated
    1920/2023
    Stories
    1

    We can help!

    Listing Contact
    Keenan Fields
    Keenan Fields

    Listing Agency: Signature Associates Toledo Listing Agent: Keenan Fields

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 127,461-square-foot industrial property, located at 507 W Indiana St, Edon, OH 43518, presents a unique investment opportunity. The property, encompassing 7.86 acres, features a blend of executive office space, warehouse, and manufacturing areas, ideal for a variety of uses. Built in 1920 and extensively renovated in 2023, the single-story building boasts 18' to 21' ceiling heights and eight dock-high doors, facilitating efficient operations. The property includes 111 parking spaces and is zoned M-2 (Heavy Industrial). Recent improvements include HVAC replacement (2018), reconditioned electrical transformers (2024), and a resealed and stoned parking lot (October 2024). An environmental site assessment and survey are available. The asking price is $6,000,000, translating to $47.07 per square foot. The property is offered with a 5-year NNN lease. This former Tier 1 automotive supplier facility, previously occupied by a top-100 global automotive supplier, offers significant potential for a variety of industrial and manufacturing businesses. The property's location in Williams County, Ohio, provides convenient access to key transportation routes. The APN is 071-200-05-007.000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobex Global Industrial Manufacturer Mobex Global - Busche ... Metal Fabrication Plant Busche Performance Group Industrial Manufacturer

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Department Store Storage Facility Grocery & Convenience Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Edon
    County
    Williams
    State
    Ohio
    Longitude
    -84.775914
    Latitude
    41.554479

    Nearby Similar for Sale

    • $2,000,000
      37,420 SF

      Edon, OH Warehouse - $2M

      Spacious industrial warehouse, vacant, NNN lease.
      201 Leanne Dr, Edon, OH 43518
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 127,461 SF Office/Warehouse For Sale
    Where is this manufacturing property located?
    The property is located at 507 Indiana St Edon, OH.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: High-quality, former Tier 1 automotive facility, currently occupied by Linamar Corporation.; Clean environmental record; ESA and survey available.; HVAC system replaced in 2018.
    (419) 249-6311 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
    507 Indiana St Edon, OH 43518
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    Contact for Pricing
    Please call us for current price
    and status of this listing Keenan Fields
    Keenan Fields
    (419) 249-6311 (419) 290-8334
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