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    Property profile & analytics

    1000 Morton St Portland, IN 47371

    • Manufacturing properties
    • 73,243 SF
    • 3.15 lot acres
    For Sale
    View listing
    $4,400,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-1954208
    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

    • Manufacturing properties

    Property Details for 1000 Morton St

    Year built
    1978
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.15 lot acres
    Property size
    73,243 SF
    Property type
    Manufacturing properties
    APN
    38-07-16-304-003.000-034
    APU
    380716304003000034

    Description

    This exceptional 115,993-square-foot industrial building in Portland, Indiana, presents a significant investment opportunity. Located at 1000 N Morton St, this property sits on a 5.67-acre lot and boasts a desirable IND/Industrial District zoning. Built in 1978 with renovations between 2006 and 2018, the building features 6 loading docks and 8 drive-in doors, facilitating efficient logistics. The warehouse space includes a substantial 41,000-square-foot clear span area constructed in 2018, complemented by 2,553 square feet of office space. Ceiling heights range from 14 to 18 feet, providing ample vertical space. The property also offers robust power with a 5,000-amp, 480-volt, 3-phase electrical service and is fully sprinklered for enhanced safety. With 100 parking spaces and a sale price of $4,400,000 ($37.93/SF), this property is ideal for various industrial uses, including manufacturing, storage, and distribution. The property's history includes uses such as painting, injection molding, and metalizing.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $855,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,135,000
      6.5%
      $1,105,000
      7%
      $1,110,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,185,000
      Geo Method
      $1,085,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,305,000
      Retail
      $1,045,000
      Mixed-Use
      $1,045,000
      Hospitality
      $1,165,000
      Educational
      $1,145,000
      Residential Income
      $1,185,000
      Energy
      $1,060,000
      Income-Based Land
      $1,095,000
      Food Service
      $1,025,000

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Jay
    State
    Indiana
    Longitude
    -84.9693
    Latitude
    40.4411

    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
    $21,765
    $47,400
    $664,200
    $711,600
    -
    $47,400
    $664,200
    $711,600

    Comparable in this City

    • Value Estimation
      $765,000
      43,540 SF

      300 Industrial Dr

      MANUFACTURING (LIGHT) • 43,540 SF
      300 Industrial Dr, Portland, IN 47371-9302
      View Details
    • Value Estimation
      $560,000
      21,645 SF

      1507 Meridian St

      MANUFACTURING (LIGHT) • 21,645 SF
      1507 Meridian St, Portland, IN 47371-9000
      View Details
    • Value Estimation
      $480,000
      28,443 SF

      415 Water St

      MANUFACTURING (LIGHT) • 28,443 SF
      415 Water St, Portland, IN 47371-1747
      View Details
    • Value Estimation by Request
      123,065 SF

      1355 Tyson Rd

      MANUFACTURING (LIGHT) • 123,065 SF
      1355 Tyson Rd, Portland, IN 47371-7997
      View Details
    • Value Estimation
      $390,000
      9,824 SF

      303 Blaine Pike

      MANUFACTURING (LIGHT) • 9,824 SF
      303 Blaine Pike, Portland, IN 47371-2301
      View Details
    • Value Estimation
      $1,120,000
      77,700 SF

      500 Industrial Dr

      MANUFACTURING (LIGHT) • 77,700 SF
      500 Industrial Dr, Portland, IN 47371-9399
      View Details

    Similar Nearby for Sale

    • $4,400,000

      Industrial Property with Modern Warehouse

      Modern industrial property featuring a clear span warehouse and office space.
      1000 N Morton St, Portland, IN 47371
      View Details
    • $4,400,000
      115,993 SF

      Portland Industrial Warehouse - $4.4M

      116,000 SF Warehouse, 5.67 Acres
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      View Details
    • $599,900
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      Well-located industrial property suitable for various applications near key industries.
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      View Details
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      Historic 5500+ sq ft Duplex, Huge Potential
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    • Contact for pricing
      0.69 Acres

      Portland, IN Residential Land

      Two empty residential lots totaling 0.69 acres in Portland, IN.
      E High St, Portland, IN 47371
      View Details
    • $2,230,000
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      Portland Medical Office Investment

      NNN Leased Medical Office, Strong Tenant
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      179 SF

      Portland Office Space: 179 sq ft

      Prime downtown Portland office, perfect for small businesses.
      112 Meridian St, Portland, IN 47371
      View Details
    • $144 SF/Yr
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      Portland Executive Office Suite

      Prime Portland Office, 1207 sq ft
      112 Meridian St, Portland, IN 47371
      View Details
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    Portland, IN 47371
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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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