Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Buildings with Highway Access Title is generated by Realmo AI

    330 Novelty St, Plymouth, IN

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Three industrial buildings suitable for multi-tenanting or self-storage conversion.

    Type:INDUSTRIAL
    Property size:
    30,400 SF
    Lot size:
    1.22 Acres
    Price / SF:
    $32/SF
    Added:
    Mar 26, 2025
    Days on Market:
    438
    Last Refresh:
    May 20 at 8:48 pm

    Property Features for 330 Novelty St

    General Information

    Standard status
    Active
    Size
    30,400 SF
    Lot size
    1.22 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 330 Novelty St Contact us

    We can help!

    Listing Contact
    Christian Davey
    Christian Davey

    Listing agent Christian Davey

    Listing office NAI Cressy Commercial Real Estate - Corporate

    Listing date Mar 26, 2025

    Source Moodyscre

    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 NAI Cressy Commercial Real Estate - Corporate

    HighLights

    • Strategic location with convenient access to US‑30 and US‑31.
    • Three‑building setup conducive to multi‑tenanting.
    • Features 5 overhead doors across 3 buildings.
    • All buildings have access to 2 loading docks.
    • 1,000 amp electric service.
    • All buildings have heat and a high R‑value of insulation to accommodate refrigeration if desired.

    Overview

    This industrial property comprises three buildings in an industrial area with access to US-30 and US-31. The buildings feature a 1,000 amp electric service and a minimum clearance of 15 feet, with a maximum clear height of 18 feet. All buildings have access to two loading docks, heat, and high R-value insulation suitable for refrigeration. The property is set up for multi-tenanting and could be suitable for self-storage conversion. There are five overhead doors across the three buildings. The facilities are clean and offer connectivity to regional and national transportation networks. The total property size is 30,400 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Maplewood Self Storage — 900 W Harrison St, Plymouth, IN 46563
    • Storage Rentals — 510 W Washington St, Plymouth, IN 46563

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Marshall
    State
    Indiana
    Longitude
    -86.3134
    Latitude
    41.3508

    Nearby Similar for Sale

    • $225,000

      Prime Corner-Lot Office Space

      High-visibility corner lot office space in Plymouth, Indiana.
      818 W Jefferson Street, Plymouth, IN 46563
      View Details
    • $525,000
      5,000 SF

      Downtown Plymouth Mixed-Use Building

      Mixed-use building with remodeled penthouse and commercial space.
      215 N Michigan Street, Plymouth, IN 46563
      View Details
    • $165,000
      2,752 SF

      Income-Producing Fourplex in Plymouth, Indiana

      Fully rented four-unit property with recent updates in Plymouth, Indiana.
      423 Lake Avenue, Plymouth, IN 46563
      View Details
    • $190,000

      Lake Avenue Garage For Sale

      Highly visible garage on Lake Avenue, Plymouth, Indiana.
      2482 W Lake Avenue, Plymouth, IN 46563
      View Details
    • $2,990,000
      21,765 SF

      Plymouth Automotive/Retail Facility on 8 Acres

      21,000+ sq ft facility with showroom, service area, and offices.
      2303 N Oak Dr, Plymouth, IN 46563
      View Details
    • $1,350,000
      29,972 SF

      Former Auto Park Sports Complex

      29,972 SF Plymouth sports complex on 4 acres.
      2923 Vanvactor Dr, Plymouth, IN 46563
      View Details
    • $1,800,000
      6,543 SF

      Plymouth Medical Office Investment Opportunity

      6,543 SF medical office building, fully leased with long-term tenant.
      201 E Jefferson St Plymouth IN 46563, Plymouth, IN 46563
      View Details
    • $2,143,000
      47,677 SF

      Recently Renovated Martin’s Super Market

      NNN corporate backed lease with ±9 years of term remaining.
      865 E Jefferson St, Plymouth, IN 46563
      View Details
    • $399,000

      Mixed-Use Building in Plymouth, IN

      Mixed-use building with office, garage, apartment, and warehouse spaces.
      841 E Lincolnway Street, Plymouth, IN 46563
      View Details
    • $1,500,000

      Showland Theater on 10 Acres

      Plymouth, Indiana theater with 7 screens and commercial property.
      2745 N Oak Road, Plymouth, IN 46563
      View Details

    FAQs

    What type of property is this?
    Warehouse - Three industrial buildings suitable for multi-tenanting or self-storage conversion.
    Where is this warehouse located?
    The property is located at 330 Novelty St Plymouth, IN.
    What is the asking price?
    The asking price for this property is $988,000.
    What are key features of this property?
    This property features: Strategic location with convenient access to US‑30 and US‑31.; Three‑building setup conducive to multi‑tenanting.; Features 5 overhead doors across 3 buildings.
    (574) 485-1534 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Christian Davey
    Christian Davey
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    330 Novelty St, Plymouth, IN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!