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    The Largest CRE Database in the US with Over 1 Million Listings

    8300 N Wayport Rd Bloomington, IN 47408

    Sponsored
    For Sale
    $799,000

    Retail, Office/Showroom,Service Center,Warehouse,Other - Bloomington, IN

    Type:Single Family Residence
    Property size:
    1,797 SF
    Lot size:
    1.51 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 3 at 3:06 pm

    Property Features for 8300 N Wayport Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Kitchen, Office
    Bathrooms
    4
    APN
    53-02-22-200-028.000-017
    Parking features
    Off Street
    Interior features
    Drywall, Metal, Living Space, Overhead Door 1, Delivery Door, Display Room, Display Window(s), Office Space, Public Restrooms, Reception Area, Clear Span, Refrigeration/Freezer
    Exterior features
    Living Space, Overhead Door 1, Delivery Door, Display Room, Display Window(s), Office Space, Public Restrooms, Reception Area, Clear Span, Refrigeration/Freezer
    Size
    1,797 SF
    Lot size
    1.51 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Floors in Building
    2
    Flooring type
    Carpet, Concrete
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Tracee Lutes

    RE/MAX Acclaimed Properties (812) 332-3001

    Listing agent Tracee Lutes (812) 332-3001 License #RB14009563

    Listing date Feb 2, 2026

    MLS# 202603304 Listing URL

    Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Landmark Property with I-69 Visibility

    This landmark property, situated on two lots, offers significant visibility from I-69, with a daily traffic count exceeding 30,000 vehicles. Its location provides immediate access from I-69 exit 125. The property has been continuously used for commercial retail, office, and warehouse operations, and includes a residential dwelling space with new carpet. Zoned Limited Business, the property is currently home to an existing business and a residential tenant. Leases are available upon request, and possession is available at closing. The premises include two buildings and a 40-foot container storage space. The main building features over 1300 square feet of showroom space, with a total of 1797 square feet for business use. Additionally, there is an approximately 1800-square-foot apartment with a separate entrance, containing 2 bedrooms, 2.5 baths, a full kitchen, and a stone fireplace. The second building, constructed in 1988, provides approximately 4700 square feet of warehouse space on the main level and an additional 1000 square feet in the loft space. It features a 20-foot ceiling and three one-ton, ceiling-mounted chain hoists. The 1.51-acre lot provides ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.517913
    Latitude
    39.288721

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    FAQs

    What type of property is this?
    Mixed-use property - Unique mixed-use property with retail, warehouse, and residential spaces.
    Where is this mixed-use property located?
    The property is located at 8300 N Wayport Rd Bloomington, IN.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - High visibility location with 30,000+ vehicles passing daily and easy access from I-69.; - Zoned Limited Business, allowing for retail, office, and warehouse operations.; - Includes both commercial space (showroom/office/warehouse) and a residential apartment (2 bed, 2.5 bath) for on-site living or rental.
    (812) 332-3001
    Request Owner's contact information
    8300 N Wayport Rd Bloomington, IN 47408
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    Bloomington, IN 47408
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    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
    8300 N Wayport Rd Bloomington, IN 47408
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    We can help!
    Listing Contact
    Tracee Lutes
    Real Estate License ID: RB14009563
    (812) 332-3001
    Learn more
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