Back to Search
Property profile & analytics
FOR SALE
Industrial properties
615 N Grant St Lebanon, IN 46052
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-1648562
For Sale
Contact for pricing
615 N Grant St, Lebanon, IN 46052
View Listing →
Property summary
AI-generated overview
This exceptional 37.90-acre industrial property in Boone County presents a unique investment opportunity. Zoned Planned Business, this site allows for truck and trailer parking, along with other heavy industrial outdoor storage uses. Its strategic location offers unparalleled access to major transportation arteries. Enjoy exceptional proximity to I-65, placing you just 2.5 miles from the new LEAP Lebanon Innovation District. Benefit from convenient access to Indianapolis, Chicago, and five major interstate systems via I-65 and Lebanon's three interchanges (SR 32, SR 39 & Indianapolis Ave). Commuting is a breeze, with Indianapolis' central business district, Indianapolis International Airport, and Lafayette all within a 30-minute radius. The property is ideal for manufacturing, distribution, or warehousing operations requiring ample space and convenient access to key transportation networks. The property is offered at a price subject to negotiation. This is a rare opportunity to acquire a substantial industrial land parcel in a rapidly growing area with excellent infrastructure and connectivity. Serious inquiries only.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
5 ac (217,800 SF)
Zoning code
ZO01
APN
06-11-31-000-068.004-002
UPID
US31-1648562
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
$255k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$255k
Owner & transaction history
615 Grant LLC · 1 yrs held
615 Grant 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
$255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$255k
Range $230k – $281k · ±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
—
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
$699
Tax year 2023
Assessed value
$33,800
Assessed 2023
Previous assessed
$33,800
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$23,400
Assessed improvement
$10,400
Land market value
$23,400
Improvement market value
$10,400
Total market value
$33,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Heating
NONE
Lot
5 ac (217,800 SF)
Zoning code
ZO01
APN
06-11-31-000-068.004-002
UPID
US31-1648562
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
Heating
NONE
Lot
5 ac
Current owner
From public records · entity-resolved
615 Grant LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2627 N EMERSON AVE, INDIANAPOLIS, IN 46218-3235
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jan 17, 2025
$800,000
615 Grant LLC
Newton Grant Street Properties LLC
Deed
—
Jul 22, 2024
$3,800
City Of Lebanon Indiana
Newton Grant Street Properties LLC
Warranty Deed
—
Jun 17, 2024
$19,100
City Of Lebanon Indiana
Glf Realty INC
Warranty Deed
—
Jan 2, 2020
—
Newton Grant Street Properties LLC
Robert J Newton
Quitclaim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
