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    201 Main St New Haven, IN 46774

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    201 Main St New Haven, IN 46774

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    • Warehouses
    • 93,718 SF
    • 4.43 lot acres
    For Lease
    $4 SF/Yr
    View Listing →
    Renovated Industrial Building For Lease For Lease
    $4 SF/Yr
    39,875 SF

    Renovated Industrial Building For Lease

    Multi-section industrial building near SR-930 & I-469 in New Haven.

    201 Main St, New Haven, IN
    View Listing
    Property ID
    US31-0190993
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 201 Main St

    Year built
    1961
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.43 lot acres
    Property size
    93,718 SF
    Property type
    Warehouses
    APN
    02-13-11-202-031.000-041
    APU
    21311202031000041

    Description

    This exceptional industrial property, located at 201 Main St, New Haven, IN 46774, offers a substantial 93,718 square feet of warehouse space, with 30,025 square feet currently available for lease. The single-tenant building sits on a 4.43-acre lot and boasts a desirable location near Hartzell Road & Main Street. Constructed in 1961 and extensively renovated in 2019, the property features a versatile ceiling height ranging from 15 to 30 feet, providing ample vertical storage capacity. Two loading docks and two dock-high doors ensure efficient loading and unloading operations. The building is equipped with 3-phase power, catering to a variety of industrial needs. The property is zoned I-2 (General Industrial), allowing for a wide range of permitted uses. The Allen County location, within the Warehousing submarket, offers excellent access to transportation routes and a strong workforce. The property's APN is 02-13-11-202031.000-041. This is a rare opportunity to secure a well-maintained, spacious warehouse in a prime industrial location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,248,000
      Market price range: $1.25M - $4.35M

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

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    Allen
    State
    Indiana
    Longitude
    -85.0276
    Latitude
    41.0737
    CBSA code
    23060
    CBSA name
    FORT WAYNE, 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
    $21,337
    $96,500
    $758,900
    $855,400
    -
    $96,500
    $758,900
    $855,400

    Comparable in this City

    • Value Estimation by Request
      1,545 SF

      605 Hartzell Rd

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      605 Hartzell Rd, New Haven, IN 46774-1362
      View Details
    • Value Estimation
      $695,000
      11,184 SF

      1731 Ryan Rd

      WAREHOUSE, STORAGE • 11,184 SF
      1731 Ryan Rd, New Haven, IN 46774
      View Details
    • Value Estimation by Request
      6,000 SF

      10929 Stellhorn Rd

      STORAGE YARD, OPEN STORAGE • 6,000 SF
      10929 Stellhorn Rd, New Haven, IN 46774-9775
      View Details
    • Value Estimation by Request
      2,160 SF

      1109 Hartzell Rd

      STORAGE YARD, OPEN STORAGE • 2,160 SF
      1109 Hartzell Rd, New Haven, IN 46774-1836
      View Details
    • Value Estimation
      $2,890,000
      172,800 SF

      15202 Edgerton Rd

      WAREHOUSE, STORAGE • 172,800 SF
      15202 Edgerton Rd, New Haven, IN 46774-9368
      View Details
    • Value Estimation
      $500,000
      14,720 SF

      605 Grn St

      STORAGE YARD, OPEN STORAGE • 14,720 SF
      605 Grn St, New Haven, IN 46774-1411
      View Details

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      Versatile Industrial/Showroom Property For Sale

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      Commercial Land in Growing Area

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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space Available Q1 2024

      Up to 200,000 SF available in Q1 2024.
      15501 Dawkins Rd, New Haven, IN 46774
      View Details
    • Contact for pricing
      30,025 SF

      Renovated Industrial Building For Lease

      Multi-section industrial building near SR-930 & I-469 in New Haven.
      201 Main St, New Haven, IN 46774
      View Details
    • $4 SF/Yr

      Industrial Property with Truck Scale

      Industrial property featuring truck scale, potential rail access, and proximity tohighways.
      15012 Edgerton Rd, New Haven, IN 46774
      View Details
    • Contact for pricing
      6,583 SF

      Clean, Maintained Warehouse with Offices

      Well-maintained warehouse with air-conditioned office space and ample parking.
      1221 Hartzell St, New Haven, IN 46774
      View Details
    • Contact for pricing

      New Haven Industrial Space Available

      Up to 200,000 SF available Q1 2024 in New Haven.
      15501 Dawkins Rd, New Haven, IN 46774
      View Details
    • $2 SF/Yr

      Spacious Industrial Warehouse in New Haven

      550000 sqft warehouse with rail access and truck scale.
      15202 Edgerton Rd, New Haven, IN 46774
      View Details
    View Listing
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    201 Main St
    New Haven, IN 46774
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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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