Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1851 Technology Dr Washington, IN 47501

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1851 Technology Dr Washington, IN 47501

    View on Map
    • Warehouses
    • 58,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1851 Technology Dr

    Year built
    2017
    Property size
    58,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Class A industrial property, located at 1851 Technology Dr, Washington, IN 47501, offers 58,000 square feet of versatile space ideal for flex, manufacturing, or warehouse operations. The single-story, 2017-built building boasts a 32-foot ceiling height and a column bay spacing of 50ft x 50ft. The 40,000 square foot main building features six loading docks and one dock-high door. An additional 18,000 square feet of covered rail spur and dock provides weather-protected loading/unloading of rail cars, serviced by CSX. The property sits on 25 acres, including the building, park, and concrete dock aprons, offering ample space for expansion or future development. Its strategic location within two miles of the I-69/US 50/150 interchange provides unparalleled access to major transportation arteries. The property is currently vacant and available for immediate occupancy starting April 11, 2024. The asking price is $4,000,000. The zoning is industrial, and the property is owned by the Daviess County Economic Development Foundation. The floor is designed to meet exact requirements. Additional outdoor transload facilities with fall protection are also available. This is a rare opportunity to acquire a state-of-the-art industrial facility in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Daviess
    State
    Indiana
    Longitude
    -87.1322
    Latitude
    38.66

    Comparable in this City

    • Value Estimation by Request
      3,504 SF

      309 Walnut St

      MINI-WAREHOUSE, STORAGE • 3,504 SF
      309 Walnut St, Washington, IN 47501
      View Details
    • Value Estimation
      $600,000
      8,400 SF

      1262 State Rd 57

      STORAGE YARD, OPEN STORAGE • 8,400 SF
      1262 State Rd 57, Washington, IN 47501-4366
      View Details
    • Value Estimation
      $595,000
      28,992 SF

      2610 140th W

      STORAGE YARD, OPEN STORAGE • 28,992 SF
      2610 140th W, Washington, IN 47501-8076
      View Details
    • Value Estimation
      $775,000
      11,697 SF

      1001 3rd St

      WAREHOUSE, STORAGE • 11,697 SF
      1001 3rd St, Washington, IN 47501-1116
      View Details
    • Value Estimation by Request
      110 SF

      617 Main St

      STORAGE YARD, OPEN STORAGE • 110 SF
      617 Main St, Washington, IN 47501
      View Details
    • Value Estimation by Request
      3,808 SF

      206 Meridian St

      MINI-WAREHOUSE, STORAGE • 3,808 SF
      206 Meridian St, Washington, IN 47501
      View Details

    Similar Nearby for Sale

    • $306,000
      3,800 SF

      Adaptable Commercial Property in Washington

      Multi-functional commercial property with adaptable space for various uses.
      206 S Meridian St, Washington, IN 47501
      View Details
    • Contact for pricing
      8,358 SF

      Washington Industrial Property For Sale

      8,358 square foot industrial property in Washington, Indiana.
      119 North Commercial Park Dr, Washington, IN 47501
      View Details
    • $49,900
      2.01 Acres

      Washington, IN Residential Land

      2.014 acre wooded lot with city water.
      1338 E 100 N, Washington, IN 47501
      View Details
    • $74,500
      1.40 Acres

      Residential Land in Washington, IN

      Ideal lot for building a dream home in a subdivision.
      12 Deerfield Ln, Washington, IN 47501
      View Details
    • $350,000
      0.15 Acres

      Mixed-Use Property in Downtown Washington

      Mixed-use commercial property with income potential in downtown Washington.
      520 E Van Trees St, Washington, IN 47501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,000 SF

      Retail Space with Loading Dock

      Retail space featuring overhead door, loading dock, and ample parking.
      2214 E National Hwy, Washington, IN 47501
      View Details
    • $12 SF/Yr
      1,200 SF

      Retail Space in Cherry Tree

      Retail space available now in a convenient shopping center.
      116 Cherry Tree Plz, Washington, IN 47501
      View Details
    Request Owner's contact information
    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.
    1851 Technology Dr
    Washington, IN 47501
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!