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    Retail Firearm Store with Gun Range Title is generated by Realmo AI

    11750 E State Road 205, Laotto, IN 46763

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    Turnkey retail firearm store with cutting-edge indoor gun range.

    Type:Industrial
    Property size:
    60,853 SF
    Lot size:
    1.40 Acres
    Price / SF:
    $12/SF
    Added:
    Jul 15, 2025
    Days on Market:
    304
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 11750 E State Road 205

    General Information

    Standard status
    Active
    Size
    60,853 SF
    Lot size
    1.40 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Tyler Secrist
    Tyler Secrist

    Listing agent Tyler Secrist License #RB18000383

    Listing office CENTURY 21 Bradley Realty, Inc

    Listing date Jul 15, 2025

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Bradley Realty, Inc

    HighLights

    • Turnkey retail firearm store with state‑of‑the‑art indoor gun range, ready for immediate operation.
    • High‑traffic location on a busy state road with excellent frontage and visibility.
    • Advanced indoor gun range featuring Evolve Range Solutions electronic targets and a granulated rubber blubber backstop for enhanced safety and lead reduction.
    • Robust safety features including 8' poured concrete walls, prefab concrete roof, and a HEPA‑filtered ventilation system.
    • Spacious retail store (7,640 sq ft) and nearly new indoor gun range (2,760 sq ft) constructed with top‑tier SIP metal buildings.
    • Includes a dedicated classroom area for training and classes, plus handicap accessibility and public restroom facilities.

    Overview

    This retail firearm store with an indoor gun range is available for purchase. Situated on approximately 1.4 acres along a state road, the property has frontage and visibility. The main structures are metal buildings utilizing SIP construction. The retail store spans approximately 7,640 sq ft, providing space for showcasing merchandise and accommodating customers. The indoor gun range, spanning approximately 2,760 sq ft, is equipped with electronic range targets by Evolve Range Solutions. The turnkey operation includes most fixtures, furniture, and equipment. The indoor shooting range features eight shooting lanes, six of which are equipped with model RS-1000 Gen 5 electric target retrieval systems. Safety measures include a granulated rubber blubber backstop, ensuring a 99% reduction in lead contamination compared to steel backstops, along with 8\" poured concrete walls and a prefab concrete roof. The range is equipped with a ventilation system, integrating a HEPA filter system designed to minimize lead exposure. The premises are fully handicap accessible and include public restroom facilities. This property also features a classroom area dedicated to training and classes. Documents detailing inclusions (fixtures/improvements) with the sale are available for review.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Race tracks

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Laotto
    County
    Noble
    State
    Indiana
    Longitude
    -85.200581
    Latitude
    41.289387

    FAQs

    What type of property is this?
    Retail property - Turnkey retail firearm store with cutting-edge indoor gun range.
    Where is this retail property located?
    The property is located at 11750 E State Road 205 Laotto, IN.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: Turnkey retail firearm store with state‑of‑the‑art indoor gun range, ready for immediate operation.; High‑traffic location on a busy state road with excellent frontage and visibility.; Advanced indoor gun range featuring Evolve Range Solutions electronic targets and a granulated rubber blubber backstop for enhanced safety and lead reduction.
    (260) 573-5748 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tyler Secrist
    Tyler Secrist
    Real Estate License ID: RB18000383
    Learn More
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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.

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