Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1334 Main St Lebanon, IN 46052

    • Showrooms
    • 10,584 SF
    • 1.43 lot acres
    For Lease
    View listing
    $168 SF/Yr
    Last Sale
    Sep 24, 2021
    $590,080
    Value Estimations
    $570,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2245889
    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

    • Quality Drapery Services / Contractor

    Property Details for 1334 Main St

    Year built
    1994
    Construction
    METAL FRAME
    Lot size
    1.43 lot acres
    Property size
    10,584 SF
    Zone code
    ZO01
    Property type
    Showrooms
    APN
    06-10-36-000-139.001-002
    APU
    61036000139001002

    Description

    This exceptional 6,420-square-foot industrial property, located at 1334 W Main St in Lebanon, Indiana (zip code 46052), presents a unique opportunity for businesses seeking versatile space. Built in 2024, this single-tenant building offers immediate occupancy. The property boasts a flexible design suitable for manufacturing, distribution, or flex uses, as designated by its ID zoning. The building features a substantial 16-foot clear ceiling height, providing ample vertical space for various operational needs. Access is simplified by two drive-in doors, enhancing efficiency for loading and unloading. Situated on a 1.43-acre lot, the property provides ample outdoor space for storage or expansion. Its strategic location offers convenient access to Interstate 65, providing seamless connectivity to regional transportation networks. Furthermore, the property benefits from its proximity to the LEAP District, offering potential advantages for businesses seeking collaboration and synergy within a thriving economic hub. This newly constructed facility is ready for immediate occupancy, making it an ideal solution for businesses requiring modern, functional industrial space in a prime location. The property's size, features, and location combine to create a compelling opportunity for a variety of industrial operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $505,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $685,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Boone
    State
    Indiana
    Longitude
    -86.4838
    Latitude
    40.0486
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    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
    $11,500
    $71,500
    $484,700
    $556,200
    -
    $71,500
    $484,700
    $556,200

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      5933 500th W

      SHOW ROOM, WAREHOUSE • 4,000 SF
      5933 500th W, Lebanon, IN 46052
      View Details
    • Value Estimation by Request
      5,000 SF

      2775 State Rd 47

      SHOW ROOM, WAREHOUSE • 5,000 SF
      2775 State Rd 47, Lebanon, IN 46052-8163
      View Details
    • Value Estimation by Request
      3,840 SF

      5933 500th W

      SHOW ROOM, WAREHOUSE • 3,840 SF
      5933 500th W, Lebanon, IN 46052
      View Details
    • Value Estimation by Request
      4,032 SF

      5540 650th S

      SHOW ROOM, WAREHOUSE • 4,032 SF
      5540 650th S, Lebanon, IN 46052-9682
      View Details
    • Value Estimation by Request
      1,680 SF

      517 Noble St

      SHOW ROOM, WAREHOUSE • 1,680 SF
      517 Noble St, Lebanon, IN 46052-2761
      View Details
    • Value Estimation
      $525,000
      18,660 SF

      1200 Ransdell Ct

      SHOW ROOM, WAREHOUSE • 18,660 SF
      1200 Ransdell Ct, Lebanon, IN 46052
      View Details

    Similar Nearby for Sale

    • $850,000
      14,546 SF

      Lebanon Bowling Alley Business

      Turnkey bowling alley, bar, & building.
      1901 Indianapolis Ave, Lebanon, IN 46052
      View Details
    • $379,900
      868 SF

      Lebanon Street Commercial Property

      High-traffic location, endless potential.
      1223 Lebanon St, Lebanon, IN 46052
      View Details
    • Contact for pricing
      120.00 Acres

      Prime Lebanon Commercial Land

      120 Acres, Boone County, IN
      2550 Indianapolis Rd, Lebanon, IN 46052
      View Details
    • $1,452,500
      11.62 Acres

      Lebanon Commercial Land Investment

      Prime 11.62 Acres Near I-65
      3515/3555 Indianapolis Rd, Lebanon, IN 46052
      View Details
    • Contact for pricing
      43.41 Acres

      Lebanon I-65 Development Land

      182+ Acres, Prime Location, High-Growth Area
      1080 South St, Lebanon, IN 46052
      View Details
    • $3,236,800

      Boone County Land For Sale

      Approximately 112 acres of land zoned R2.
      3080 N State Road 39, Lebanon, IN 46052
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      2,600 SF

      New Retail Space with Drive-Thru

      New construction retail space with drive-thru and pylon signage.
      4250 S State Road 267, Lebanon, IN 46052
      View Details
    • Contact for pricing
      746 SF

      Retail Space on Main Corridor

      Retail space available on a main retail corridor.
      2222 North Lebanon St, Lebanon, IN 46052
      View Details
    • Contact for pricing
      2,616 SF

      Retail Space in Village North

      Retail space available in a well-established shopping center.
      2462 North Lebanon St, Lebanon, IN 46052
      View Details
    • Contact for pricing

      Retail Center in Lebanon, IN

      Retail center anchored by national and regional tenants.
      North Lebanon St, Lebanon, IN 46052
      View Details
    • Contact for pricing

      Lebanon Commercial Property For Rent

      Commercial property available for rent in Lebanon, Indiana.
      John Shaw Rd, Lebanon, IN 46052
      View Details
    • $2,500 /Mo

      304 S Baldwin Ave, Unit 306

      Retail Space On Bypass
      304 S Baldwin Ave, Marion, IN 46052
      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.
    1334 Main St
    Lebanon, IN 46052
    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.