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Property profile & analytics
OFF-MARKET Estimated value $1,785,000
Warehouses

9175 Innovation Dr Daleville, IN 47334-7300

50,000 SF 8.33 ac lot Built 2013
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US31-2897028
Property summary
AI-generated overview

This exceptional 50,000-square-foot industrial warehouse, situated on 8.33 acres in Daleville, Indiana, presents a significant opportunity. Built in 2013 and renovated in 2018, this single-tenant property boasts a 32-foot clear ceiling height, four loading docks, two drive-in doors, and ample parking (48 spaces). The building features 400 amp power, ESFR sprinklers, LED motion lights, and two gas heaters. Exterior improvements include new paint applied in 2022. The property includes a 2,500-square-foot finished office area with open workspace, private offices, a conference room, server room, and kitchenette. Two restrooms are located in both the office and warehouse areas. The property offers a secure, fenced, and paved two-acre yard, providing over 137,000 square feet of total usable space. Strategically located near Interstate 69, between Indianapolis and Fort Wayne, this property benefits from excellent access to major transportation routes. The zoning is B Business, and there's potential for expansion onto an additional 8.33 acres. Annual property taxes are $1.50 per square foot. This property is ideal for distribution, manufacturing, or warehousing operations.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2013
Construction STEEL FRAME
Total area 50,000 SF
Lot 8.33 ac (362,855 SF)
APN 18-13-12-400-044.000-026
UPID US31-2897028
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
  • Wesco Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.79M
Owner & transaction history
James B Read · 3 yrs held
James B Read
since 2023
4 recorded transactions
2023
Price N/A
2022
Price N/A
2012
Price N/A
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.9M +65.5%
Industrial (general) $2.9M +60.3%
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