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    Property profile & analytics

    6485 Merchants Dr Laotto, IN 46763

    • Warehouses
    • 38,560 SF
    • 3.51 lot acres
    For Lease
    View listing
    $5 SF/Yr
    Value Estimation
    $585,000
    Location Intelligence
    Property ID
    US31-0903782
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Airsoft Plex / Airsoft Supply Store
    • Paintball Plex / Sports Complex
    • TradeMyGun / Paintball Center / Sporting Goods Store

    Property Details for 6485 Merchants Dr

    Year built
    2003
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.51 lot acres
    Property size
    38,560 SF
    Property type
    Warehouses
    APN
    17-09-19-300-039.000-001
    APU
    170919300039000001

    Description

    This exceptional 38,560-square-foot industrial warehouse in Laotto, Indiana, presents a significant leasing opportunity. Situated on a spacious 5.01-acre lot, this single-story building, constructed in 2003, offers a versatile layout ideal for various industrial uses. The property boasts a substantial 33,064 square feet of distribution space complemented by approximately 5,634 square feet of showroom and office space. High ceilings, ranging from 28 to 30 feet clear, allow for efficient storage and handling of large items. Loading and unloading are facilitated by three overhead doors, including two 9' x 10' dock high doors on the south end, and two drive-thru overhead doors, ensuring easy access for large vehicles. The property is zoned C4 - Commercial and features a convenient location with excellent visibility from SR 3. The property's APN is 17-09-19-300-037.000-001, 17-09-19-300-039.000-001. The entire 38,560 square feet is currently vacant and ready for immediate occupancy. This prime location in Laotto, Indiana, zip code 46763, offers an unparalleled opportunity for businesses seeking a functional and strategically located warehouse space.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $665,000

    • CAP approach

      CAP return
      Estimation
      6%
      $505,000
      6.5%
      $545,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $580,000
      Geo Method
      $480,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $515,000
      Retail
      $565,000
      Mixed-Use
      $575,000
      Hospitality
      $465,000
      Educational
      $530,000
      Residential Income
      $585,000
      Energy
      $450,000
      Income-Based Land
      $570,000
      Food Service
      $530,000

    Location Insight

    • Map
    • Local Demand
    City
    Laotto
    County
    Dekalb
    State
    Indiana
    Longitude
    -85.1881
    Latitude
    41.2931
    CBSA code
    12140
    CBSA name
    AUBURN, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,198
    $71,800
    $635,200
    $707,000
    -
    $71,800
    $635,200
    $707,000

    Comparable in this City

    • Value Estimation by Request
      7,305 SF

      202 Main St

      STORAGE YARD, OPEN STORAGE • 7,305 SF
      202 Main St, Laotto, IN 46763-4800
      View Details
    • Value Estimation by Request
      5,040 SF

      11875 450th S

      WAREHOUSE, STORAGE • 5,040 SF
      11875 450th S, Laotto, IN 46763-9800
      View Details
    • Value Estimation
      $415,000
      7,858 SF

      11803 State Rd 205

      STORAGE YARD, OPEN STORAGE • 7,858 SF
      11803 State Rd 205, Laotto, IN 46763-9508
      View Details
    • Value Estimation
      $405,000
      12,000 SF

      4201 Old State Rd 3rd 3

      STORAGE YARD, OPEN STORAGE • 12,000 SF
      4201 Old State Rd 3rd 3, Laotto, IN 46763-9636
      View Details
    • Value Estimation by Request
      832 SF

      104 Sr 205

      MINI-WAREHOUSE, STORAGE • 832 SF
      104 Sr 205, Laotto, IN 46763
      View Details
    • Value Estimation
      $380,000
      3,599 SF

      101 Main St

      STORAGE YARD, OPEN STORAGE • 3,599 SF
      101 Main St, Laotto, IN 46763-4818
      View Details

    Similar Nearby for Sale

    • $775,000
      1.40 Acres

      Retail Firearm Store with Gun Range

      Turnkey retail firearm store with cutting-edge indoor gun range for sale.
      11750 E State Road 205, Laotto, IN 46763
      View Details
    • $975,000
      1.40 Acres

      Laotto Gun Range & Store

      Turnkey firearm business, high traffic location.
      11750 State Road 205, Laotto, IN 46763
      View Details
    Request Owner's contact information
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    6485 Merchants Dr
    Laotto, IN 46763
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    Realmo Value Estimation

    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.

    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.

    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
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