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    Property profile & analytics

    803 H L Thompson Jr Dr Ashley, IN 46705

    • Warehouses
    • 54,720 SF
    • 15.44 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Value Estimation
    Location Intelligence
    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.

    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 Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    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

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      308 State St

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    Ashley, IN 46705
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    Realmo Value Estimation

    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.

    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.

    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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