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Property profile & analytics
FOR LEASE
Warehouses
803 Hl Thompson Junior Dr Ashley, IN 46705
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-0812857
For Lease
1 / 12
Contact for pricing
803 Hl Thompson Junior Dr, Ashley, IN 46705
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Property summary
AI-generated overview
Exceptional 101,336 square foot industrial property available for lease in Ashley, Indiana. This single-tenant building, constructed in 1998 and renovated in 2013, sits on 15.44 acres and offers a versatile layout ideal for manufacturing and warehousing operations. The space includes a 24,366 square foot corporate office area with employee amenities such as training facilities and lockers. A substantial 41,000 square foot general warehouse area is complemented by a 36,000 square foot humidity and dust-controlled space featuring non-static flooring. The property boasts 8 loading docks, one drive-in door, and ample parking for 200 vehicles. Ceiling heights range from 15.4 feet to 18.5 feet, and the building is equipped with robust 3,200 amp, 3-phase power, including a backup generator. The property benefits from high visibility and easy access to I-69. The property is zoned I1/Industrial and features a tax rate of $0.39 per square foot. The building consists of one story. This is a prime opportunity for businesses seeking a well-maintained, strategically located industrial facility. The property's features are designed to support a wide range of industrial and manufacturing activities. The lease rate is $6.95 per square foot per year, NNN. APN: 02-12-16-201-007.000-074.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
54,720 SF
Lot
15.44 ac (672,566 SF)
APN
17-02-05-126-007.000-019
UPID
US31-0812857
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
Current use
Occupant on record · Public records
-
Trin Inc Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.12M
Owner & transaction history
803 Hl Thompson JR Drive LLC · 2 yrs held
803 Hl Thompson JR Drive LLC
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.1M
+21.5%
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 Ashley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashley 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,525,000
Current use
INDUSTRIAL (GENERAL)
$3,065,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$2.12M
Range $1.91M – $2.33M · ±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
$39 / 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
$40,461
Tax year 2023
Assessed value
$2,052,800
Assessed 2023
Previous assessed
$2,052,800
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$362,200
Assessed improvement
$1,690,600
Land market value
$362,200
Improvement market value
$1,690,600
Total market value
$2,052,800
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Total area
54,720 SF
Lot
15.44 ac (672,566 SF)
APN
17-02-05-126-007.000-019
UPID
US31-0812857
Jurisdiction
DE KALB
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Lot
15.44 ac
Current owner
From public records · entity-resolved
803 Hl Thompson JR Drive LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PLYMOUTH, MI 48170
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
—
803 Hl Thompson JR Drive LLC
Trin INC
Special Warranty Deed
—
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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