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    Property profile & analytics

    507 Indiana St Edon, OH 43518

    • Manufacturing properties
    • 58,346 SF
    • 4.43 lot acres
    For Lease
    View listing
    $5 SF/Yr
    Value Estimation
    $4,620,000
    Last Sale
    Mar 20, 2023
    $4,500,000
    Location Intelligence
    Property ID
    US66-2904904
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mobex Global / Manufacturer
    • Mobex Global - Busche Performance - Edon Division / Metal Fabricator
    • Busche Performance Group / Machine Shop

    Property Details for 507 Indiana St

    Year built
    1920
    Lot size
    4.43 lot acres
    Property size
    58,346 SF
    Property type
    Manufacturing properties
    APN
    071-200-05-016.000
    APU
    7120005016000

    Description

    This exceptional 127,461-square-foot industrial property, located at 507 W Indiana St, Edon, Ohio 43518, presents a unique opportunity for a single tenant. Built in 1920 and extensively renovated in 2023, this one-story building offers a blend of executive office space and warehouse functionality. The property sits on a generous 7.86-acre lot and boasts impressive features including 18' to 21' ceiling heights, ideal for various industrial uses. Access is facilitated by eight dock-high doors and seven drive-ins, ensuring efficient loading and unloading. Ample parking is available with 111 spaces, including three ADA-compliant spots. The property benefits from robust power capabilities, featuring 480V 3-phase power with 6600 amps. The zoning is (M-2) Industrial (Heavy), allowing for a wide range of industrial operations. The property is conveniently situated on a two-lane, two-way street, with N. Michigan Street as a cross street. The property's APN is 071-200-05-007.000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,880,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,280,000
      6.5%
      $4,205,000
      7%
      $4,090,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,290,000
      Geo Method
      $4,205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,920,000
      Retail
      $4,615,000
      Mixed-Use
      $4,215,000
      Hospitality
      $5,015,000
      Educational
      $4,885,000
      Residential Income
      $3,960,000
      Energy
      $4,465,000
      Income-Based Land
      $4,810,000
      Food Service
      $4,445,000

    Location Insight

    • Map
    • Local Demand
    City
    Edon
    County
    Williams
    State
    Ohio
    Longitude
    -84.7759
    Latitude
    41.5545

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,759
    $55,270
    $244,930
    $300,200
    -
    $157,900
    $699,800
    $857,700

    Comparable in this City

    • Value Estimation by Request
      37,420 SF

      201 Leanne Dr

      Distribution properties • 37,420 SF
      201 Leanne Dr, Edon, OH 43518
      View Details
    • Value Estimation
      $305,000
      6.12 Acres

      14372 4th Rd

      MANUFACTURING (LIGHT) • 6.12 Acres
      14372 4th Rd, Edon, OH 43518
      View Details
    • Value Estimation
      $560,000
      21,616 SF

      K Rd

      MANUFACTURING (LIGHT) • 21,616 SF
      K Rd, Edon, OH 43518
      View Details
    • Value Estimation
      $255,000
      10,000 SF

      State Rte 49

      FOOD PROCESSING • 10,000 SF
      State Rte 49, Edon, OH 43518
      View Details
    • Value Estimation
      $4,640,000
      33,600 SF

      201 Leanne Dr

      MANUFACTURING (LIGHT) • 33,600 SF
      201 Leanne Dr, Edon, OH 43518
      View Details
    • Value Estimation
      $900,000
      60,414 SF

      601 Indiana St

      MANUFACTURING (LIGHT) • 60,414 SF
      601 Indiana St, Edon, OH 43518-9645
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $4 SF/Yr
      37,420 SF

      Prime Industrial Manufacturing Space

      7.14-acre lot, 37,420 SF warehouse
      201 Leanne Dr, Edon, OH 43518
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    • $5 SF/Yr
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      Prime Edon Industrial Space

      127,461 SF Warehouse/Office - Ohio
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    Edon, OH 43518
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    Realmo Value Estimation

    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.

    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.

    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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