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947 Monument Dr Lebanon, IN 46052-2968

OFF-MARKET Warehouses Google Maps
10,000 SF 4.67 ac lot Built 2000
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$505k
Range $455k – $556k (±10%)
Property ID US31-1885346

Property summary

AI-generated overview

This exceptional multi-tenant warehouse building, located at 915-953 Monument Dr in Lebanon, Indiana, offers a variety of flexible spaces ideal for businesses seeking office and/or warehouse solutions. The property boasts a total of 26,524 square feet, situated on a generous 4.67 acres of land. Built in 1989, the single-building structure features ceiling heights ranging from 13 to 14 feet, providing ample vertical space for storage and operations. The warehouse component includes three dock-high doors and two drive-in doors, ensuring efficient loading and unloading. Multiple suites are available, with a minimum divisible space of 1,184 square feet and a maximum contiguous space of 3,092 square feet. One example is Suite 951, a 1,184 square foot fully-office space. The property also offers abundant parking, with a ratio of 8 spaces per 1,000 square feet. Building signage is available, providing excellent visibility for your business. The property is conveniently located in Boone County, Indiana, with easy access to major transportation routes. The gross rent is $10.00 per square foot. This is a fantastic opportunity to secure prime warehouse space in a thriving location. Contact us today to learn more about available suites and lease terms.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2000
Construction METAL FRAME
Total area 10,000 SF
Lot 4.67 ac (203,425 SF)
Zoning code ZO01
APN 06-07-06-000-092.000-002
UPID US31-1885346

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • Distribution Center Logistics Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
$603k
Blend (final) Blend
$505k

Owner & transaction history

Zoning & alternative use

ZO01 · Lebanon, IN
Top alternative use upside
Retail stores $795,000 +178.6%
Medical building $550,000 +93.0%
Industrial (general) $535,000 +87.0%

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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