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    201 Leanne Dr Edon, OH 43518
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    201 Leanne Dr, Edon, OH 43518

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    • Warehouses
    • 37,420 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 201 Leanne Dr

    Year built
    1972
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 37,420-square-foot industrial property, situated on a generous 7.14-acre lot, presents a significant opportunity for manufacturing or warehousing operations. Located at 201 Leanne Dr, with convenient access to W. Indiana Street, this single-tenant building boasts a 14'3" ceiling height, ideal for various industrial uses. Built in 1972, the property features five loading docks and two dock-high doors, ensuring efficient material handling. Ample parking is available with 14 spaces, including one ADA-compliant spot. The building's robust power supply includes 480V 3-phase, 1200 amps. The property benefits from a recent HVAC system replacement in 2018. Previously occupied by a leading automotive supplier, this facility is zoned M-1 Industrial and offers a significant amount of space for a variety of industrial uses. The property's APN is 170-05-001.000, located in Williams County. This is a rare opportunity to acquire a well-maintained, spacious industrial building in a desirable location. The entire 37,420 square feet is currently vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edon
    County
    Williams
    State
    Ohio
    Longitude
    -84.7761
    Latitude
    41.5575

    Comparable in this City

    • Value Estimation by Request
      37,420 SF

      201 Leanne Dr

      Distribution properties
      201 Leanne Dr, Edon, OH 43518
      View Details
    • Value Estimation
      $4,680,000
      33,600 SF

      201 Leanne Dr

      MANUFACTURING (LIGHT)
      201 Leanne Dr, Edon, OH 43518
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    • Value Estimation by Request
      6.12 Acres

      14372 4th Rd

      MANUFACTURING (LIGHT)
      14372 4th Rd, Edon, OH 43518
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    • Value Estimation by Request
      21,616 SF

      K Rd

      MANUFACTURING (LIGHT)
      K Rd, Edon, OH 43518
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    • Value Estimation by Request
      10,000 SF

      State Rte 49

      FOOD PROCESSING
      State Rte 49, Edon, OH 43518
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    • Value Estimation
      $4,700,000
      58,346 SF

      507 Indiana St

      MANUFACTURING (LIGHT)
      507 Indiana St, Edon, OH 43518-9644
      View Details

    Similar Nearby for Sale

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      Prime Edon Industrial Property

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    • $1,684,000

      Former Automotive Supplier Facility

      Manufacturing and industrial facility formerly occupied by Linamar Corporation.
      201 Leanne Dr, Edon, OH 43518
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    • Contact for pricing
      8,320 SF

      Family Dollar Investment Opportunity

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      Turnkey Restaurant, Bar, Apartments Opportunity

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    Similar Nearby for Lease

    • $4 SF/Yr

      Industrial Facility Available For Lease

      Former automotive supplier facility available for lease.
      201 Leanne Dr, Edon, OH 43518
      View Details
    • Contact for pricing

      Industrial Building for Lease

      Industrial building available for lease.
      201 Leanne Dr, Edon, OH 43518
      View Details
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    Edon, OH 43518
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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.

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