Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    803 H L Thompson Jr Dr Ashley, IN 46705
    Back to Search
    Property profile & analytics

    803 H L Thompson Jr Dr Ashley, IN 46705

    View on Map
    • Warehouses
    • 54,720 SF
    • 15.44 lot acres
    For Lease
    $2,120,000
    View Listing →
    Industrial Space Ready For Lease For Lease
    $2,120,000
    38,308 SF

    Industrial Space Ready For Lease

    38,308 SF industrial space ideal for light manufacturing.

    803 HL Thompson Jr Dr, Ashley, IN 46705
    View Listing
    Property ID
    US31-0812857
    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

    • Trin Inc / Association / Organization

    Property Details for 803 H L Thompson Jr Dr

    Year built
    1997
    Construction
    TYPE NOT SPECIFIED
    Lot size
    15.44 lot acres
    Property size
    54,720 SF
    Property type
    Warehouses
    APN
    17-02-05-126-007.000-019
    APU
    170205126007000019

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,525,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,065,000
      Change: +21% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashley
    County
    Dekalb
    State
    Indiana
    Longitude
    -85.0576
    Latitude
    41.5208
    CBSA code
    12140
    CBSA name
    AUBURN, IN MICROPOLITAN 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
    $40,461
    $362,200
    $1,690,600
    $2,052,800
    -
    $362,200
    $1,690,600
    $2,052,800

    Comparable in this City

    • Value Estimation by Request
      6,400 SF

      Ww 800th Ss

      MINI-WAREHOUSE, STORAGE • 6,400 SF
      Ww 800th Ss, Ashley, IN 46705
      View Details
    • Value Estimation by Request
      3,280 SF

      107 Wabash St

      STORAGE YARD, OPEN STORAGE • 3,280 SF
      107 Wabash St, Ashley, IN 46705
      View Details
    • Value Estimation by Request
      5,120 SF

      200 Parker Dr

      WAREHOUSE, STORAGE • 5,120 SF
      200 Parker Dr, Ashley, IN 46705-5250
      View Details
    • Value Estimation by Request
      4,400 SF

      304 State St

      MINI-WAREHOUSE, STORAGE • 4,400 SF
      304 State St, Ashley, IN 46705
      View Details
    • Value Estimation
      $4,225,000
      116,350 SF

      401 Mcentarfer Dr

      STORAGE YARD, OPEN STORAGE • 116,350 SF
      401 Mcentarfer Dr, Ashley, IN 46705-9669
      View Details
    • Value Estimation
      $4,030,000
      99,840 SF

      902 H L Thompson Jr Dr

      WAREHOUSE, STORAGE • 99,840 SF
      902 H L Thompson Jr Dr, Ashley, IN 46705-1001
      View Details

    Similar Nearby for Sale

    • $3,364,000
      169.00 Acres

      Ashley, IN Industrial Land

      169 Acres, I-69 Frontage, High Visibility
      0 County Road 27, Ashley, IN 46705
      View Details
    • $525,000
      35.00 Acres

      35 Acres of Prime Land

      35-acre parcel near I-69, ideal for building or recreation.
      200 S 200 W, Ashley, IN 46705
      View Details
    • $3,364,000

      169 Acres with I-69 Frontage

      169 acres with I-69 frontage, ideal for distribution center.
      500 County Road 27, Ashley, IN 46705
      View Details
    • $139,900
      8.60 Acres

      8.6 Acre Building Lot

      Residential land for custom home, recreation, or private retreat.
      S Old 27, Ashley, IN 46705
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      38,308 SF

      Ashley, IN Industrial Space

      38,308 SF industrial space ideal for light manufacturing and electronics.
      803 H L Thompson Jr Dr, Ashley, IN 46705
      View Details
    • Contact for pricing

      Industrial Space Ready For Lease

      38,308 SF industrial space ideal for light manufacturing.
      803 H L Thompson Jr Dr, Ashley, IN 46705
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    803 H L Thompson Jr Dr
    Ashley, IN 46705
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    803 H L Thompson Jr Dr, Ashley, IN, 46705
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!