Property profile

621 Enterprise Blvd Lebanon, IN 46052

OFF-MARKET
Industrial land
Property ID
US31-0580013
7.47 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 277,919-square-foot modern industrial property in Lebanon, Indiana's Boone County, is perfectly situated for warehousing and logistics businesses. The property comprises two buildings: Building 621, offering 106,171 square feet (with 76,141 square feet currently available, divisible to approximately 30,000 square feet), and Building 651, encompassing 171,748 square feet (divisible to approximately 50,000 square feet). Both buildings boast 28-32 foot ceiling heights and are equipped with 32 loading docks in total. The property features ample parking with 305 spaces and a robust power supply of 1,200 amps, 277/480 volts. Zoned Planned Business Industrial (PBI), this facility benefits from a 10-year real estate tax abatement. Its strategic location less than a mile from the I-65 and SR 39 interchange provides unparalleled access to Indianapolis, Chicago, and five major interstate systems via I-465. Enjoy a convenient 30-minute commute to Indianapolis's central business district, Indianapolis International Airport, and Lafayette, Indiana. This newly constructed (2023) property is ready for immediate occupancy.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 7.47 ac (325,393 SF)
Zoning code ZO01
APN 06-06-01-000-063.000-002
UPID US31-0580013

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

621 Enterprise Blvd Lebanon, IN 46052-8366
Lebanon metro Census 810300 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

Zoning & alternative use

ZO01 · Lebanon, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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