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Property profile & analytics
FOR LEASE
Manufacturing properties
1340 West Main St Lebanon, IN 46052
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-1121459
For Lease
1 / 11
Contact for pricing
1340 West Main St, Lebanon, IN 46052
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Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Construction
METAL FRAME
Total area
34,115 SF
Lot
3.08 ac (134,165 SF)
Zoning code
ZO01
APN
06-10-36-000-139.000-002
UPID
US31-1121459
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$535k
Owner & transaction history
Ace Group LLC · 1 yrs held
Ace Group LLC
since 2025
4 recorded transactions
Zoning & alternative use
ZO01 · Lebanon, IN
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$16 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,704
Tax year 2023
Assessed value
$372,600
Assessed 2023
Previous assessed
$372,600
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$151,500
Assessed improvement
$221,100
Land market value
$151,500
Improvement market value
$221,100
Total market value
$372,600
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1978
Construction
METAL FRAME
Heating
YES
Stories
1
Total area
34,115 SF
Lot
3.08 ac (134,165 SF)
Zoning code
ZO01
APN
06-10-36-000-139.000-002
UPID
US31-1121459
Jurisdiction
BOONE
Zoning & alternative use
ZO01 · Lebanon, INZoning ZO01 · permitted uses
ZO01 · Lebanon, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
§ 1.1 TITLE.
Building & site characteristics
From public records
Year built
1978
Construction
METAL FRAME
Heating
YES
Stories
1
Lot
3.08 ac
Current owner
From public records · entity-resolved
Ace Group LLC
Entity
Free & Clear · 1 yrs held
Mailing address
409 INDIANAPOLIS AVE, LEBANON, IN 46052-2632
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
—
Ace Group LLC
—
Deed
related
$375,000 · Fountain Trust Co
Jan 24, 2025
—
Ace Group LLC
Daniels Business Park LLC
Warranty Deed
—
Mar 19, 2019
—
Daniels Business Park LLC
—
Deed
related
$1,000,000 · Huntington National Bank
Jun 12, 2018
—
Daniels Business Park LLC
William E Daniels
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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