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    1820 Baker Dr Ossian, IN 46777

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    1820 Baker Dr Ossian, IN 46777

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    • Warehouses
    • 30,000 SF
    • 6.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1820 Baker Dr

    Year built
    2023
    Lot size
    6.00 lot acres
    Property size
    30,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 30,000-square-foot Class A warehouse, located at 1820 Baker Drive in Ossian, Indiana, presents a remarkable opportunity. Built in 2023, this vacant industrial space sits on a six-acre lot and offers a complete shell ready for tenant build-out. The building features impressive 30-foot ceiling heights (33-foot peak), providing ample vertical space for various industrial uses. Two dock-high loading doors and one drive-in door ensure efficient loading and unloading. The attractive architectural entry is designed to accommodate a two-story office build-out, potentially creating a mezzanine level. Natural light is maximized through strategically placed windows, complemented by energy-efficient LED high bay lighting. The property is available for lease under a NNN lease agreement at a rate of $7.14 per square foot annually. This location offers significant future expansion potential, with the capacity to grow to 100,000 square feet. This prime industrial space in Wells County, Indiana, (zip code 46777) is ideally situated for businesses seeking a modern, efficient, and expandable warehouse facility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ossian
    County
    Wells
    State
    Indiana
    Longitude
    -85.1728
    Latitude
    40.8662

    Comparable in this City

    • Value Estimation by Request
      30,000 SF

      Industrial Pkwy

      Distribution properties • 30,000 SF
      0 Industrial Pkwy, Ossian, IN 46777
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    • Value Estimation by Request
      30,000 SF

      1820 Baker Dr

      Distribution properties • 30,000 SF
      1820 Baker Dr, Ossian, IN 46777
      View Details
    • Value Estimation
      $995,000
      25,200 SF

      425 Industrial Pkwy

      STORAGE YARD, OPEN STORAGE • 25,200 SF
      425 Industrial Pkwy, Ossian, IN 46777-9121
      View Details
    • Value Estimation
      $520,000
      5,100 SF

      1600 Hillcrest Ct

      MINI-WAREHOUSE, STORAGE • 5,100 SF
      1600 Hillcrest Ct, Ossian, IN 46777-9124
      View Details
    • Value Estimation by Request
      6,000 SF

      2847 850th N

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      2847 850th N, Ossian, IN 46777-9393
      View Details
    • Value Estimation
      $3,390,000
      254,840 SF

      1200 Baker Dr

      WAREHOUSE, STORAGE • 254,840 SF
      1200 Baker Dr, Ossian, IN 46777-9106
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,000 SF

      30,000 SF Industrial Spec Building

      30,000 SF industrial building on 6 acres in Ossian, IN.
      1820 Baker Dr, Ossian, IN 46777
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    • Contact for pricing
      30,000 SF

      Industrial Spec Building For Lease

      30,000 SF industrial building with expansion potential.
      1820 Baker Dr, Ossian, IN 46777
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    • $500,000
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      Ossian Commercial Property - Huge Potential

      Established Business, Prime Location, High Returns
      10794 State Rd 1 Hwy, Ossian, IN 46777
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    • $107,082
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      Ossian, IN Agricultural Land

      3.966 acre building lot in Northern Wells County.
      Tbd 900 N, Ossian, IN 46777
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    • $125,000
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      Ossian Commercial Land For Sale

      3.21 acre commercial land parcel in Ossian, Indiana.
      Tbd State Rd 1, Ossian, IN 46777
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    • $203,500
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      Ossian Industrial Land For Sale

      8.14 acre industrial land within Ossian city limits.
      Tbd 850 N, Ossian, IN 46777
      View Details
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    Ossian, IN 46777
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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
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