Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    100 Raymond St Hope, IN 47246

    • Manufacturing properties
    • 32,374 SF
    • 6.47 lot acres
    For Sale
    View listing
    $1,099,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2071598
    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

    • Rusach International / Industrial Equipment Supplier

    Property Details for 100 Raymond St

    Year built
    1988
    Construction
    TYPE NOT SPECIFIED
    Lot size
    6.47 lot acres
    Property size
    32,374 SF
    Property type
    Manufacturing properties
    APN
    03-07-21-240-000.200-014
    APU
    30721240000200014

    Description

    This exceptional 32,374 square foot industrial property, situated on a generous 6.47-acre lot at 100 Raymond Street in Hope, Indiana, presents a compelling investment opportunity. Its strategic location offers easy access to both I-65 and I-74, providing seamless connectivity for logistics and transportation needs. Currently zoned for Industrial/Light Manufacturing, the building is ready for immediate occupancy, making it an attractive option for businesses seeking a quick start. The property boasts significant features including two expansive steel-beamed covered work yards, providing ample outdoor storage and operational space, north and south facing. Access is facilitated by four large bay doors, ensuring efficient loading and unloading. Internal spaces include multiple office areas, perfect for administrative functions and team collaboration, along with two break rooms for employee convenience and a dedicated conference room for meetings and presentations. Three bathrooms are available, one of which includes a shower stall, catering to a range of employee needs. Adding to the property's versatility are two attached garage-style storage units, offering additional secure storage capacity. A recent comprehensive inspection, encompassing both Phase I and Phase II environmental assessments, has been completed, providing peace of mind to potential buyers. This property represents a rare combination of size, location, and functionality, making it an ideal choice for businesses seeking to expand or relocate in a thriving industrial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $660,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hope
    County
    Bartholomew
    State
    Indiana
    Longitude
    -85.7555
    Latitude
    39.2996
    CBSA code
    18020
    CBSA name
    COLUMBUS, IN METROPOLITAN 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
    $11,083
    $232,600
    $223,900
    $456,500
    -
    $232,600
    $223,900
    $456,500

    Comparable in this City

    • Value Estimation
      $275,000
      4,448 SF

      103 Elm St

      MINI-WAREHOUSE, STORAGE • 4,448 SF
      103 Elm St, Hope, IN 47246
      View Details
    • Value Estimation
      $285,000
      2,400 SF

      111 Elm St

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      111 Elm St, Hope, IN 47246-1303
      View Details
    • Value Estimation
      $230,000
      1,696 SF

      Harrison St

      MINI-WAREHOUSE, STORAGE • 1,696 SF
      Harrison St, Hope, IN 47246
      View Details
    • Value Estimation
      $495,000
      23,774 SF

      199 Raymond St

      WAREHOUSE, STORAGE • 23,774 SF
      199 Raymond St, Hope, IN 47246-9382
      View Details
    • Value Estimation
      $260,000
      9,840 SF

      220 Raymond St

      INDUSTRIAL (GENERAL) • 9,840 SF
      220 Raymond St, Hope, IN 47246-9356
      View Details
    • Value Estimation
      $305,000
      2,770 SF

      420 Jackson St

      MINI-WAREHOUSE, STORAGE • 2,770 SF
      420 Jackson St, Hope, IN 47246-1023
      View Details

    Similar Nearby for Sale

    • $1,099,000
      32,374 SF

      Hope, IN Industrial Opportunity

      Industrial building with easy access to I-65 and I-74.
      100 Raymond St, Hope, IN 47246
      View Details
    • $1,099,000

      Industrial Building with Covered Workyards

      Industrial/light manufacturing building with easy highway access and covered workyards.
      100 Raymond St, Hope, IN 47246
      View Details
    • $1,300,000
      32,374 SF

      Hope Industrial Building - Prime Location

      Spacious industrial building, ideal for expansion.
      100 Raymond St, Hope, IN 47246
      View Details
    • $237,400
      1,634 SF

      Established Cafe in Hope, Indiana

      Well-established cafe in a growing rural area with high traffic.
      525 Main St, Hope, IN 47246
      View Details
    • $225,000
      13.42 Acres

      Hope, IN Agricultural Land

      13.42 acres of agricultural land ready for development.
      Number SR 9 No St, Hope, IN 47246
      View Details
    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.
    100 Raymond St
    Hope, IN 47246
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.