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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Agricultural properties
10911 600th E Morristown, IN 46161-9438
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-3091770
Property profile
Verified
Property type
Agricultural properties
Use group
GRAIN ELEVATOR
Year built
2020
Construction
WOOD
Total area
21,300 SF
Lot
37 ac (1,611,720 SF)
APN
73-04-07-200-005.000-007
UPID
US31-3091770
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Caldwell's Inc Office Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Caldwell Land Co II LLC · 1 yrs held
Caldwell Land Co II LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$950,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$855,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$31 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,178
Tax year 2023
Assessed value
$1,253,000
Assessed 2023
Previous assessed
$1,253,000
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$70,200
Assessed improvement
$1,182,800
Land market value
$70,200
Improvement market value
$1,182,800
Total market value
$1,253,000
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Agricultural properties
Use group
GRAIN ELEVATOR
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
NONE
Stories
1
Total area
21,300 SF
Lot
37 ac (1,611,720 SF)
APN
73-04-07-200-005.000-007
UPID
US31-3091770
Jurisdiction
SHELBY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$950,000
INDUSTRIAL (GENERAL)
Est. value
$855,000
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
WOOD
Heating
NONE
Stories
1
Lot
37 ac
Current owner
From public records · entity-resolved
Caldwell Land Co II LLC
Entity
Mailing address
PO BOX 272, MORRISTOWN, IN 46161-0272
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Caldwell Land Co II LLC
Caldwell Development LLC
Deed
$4,325,000 · Caldwell Development LLC An Indian
May 11, 2017
$334,954
Caldwell Development LLC
Caldwell Muegge Holding LLC
Limited Warranty Deed
—
Mar 1, 2017
—
Caldwell Muegge Holdings LLC
Caldwell Partnership LLC
Quit Claim Deed
related
—
May 16, 2013
$440,000
Caldwell Partnership LLC
Cgs Services INC
Quit Claim Deed
related
—
Apr 25, 2008
—
Cgs Services INC
Paul Chapman
Correction Deed
related
—
Apr 8, 2008
—
Cgs Services INC
Paul Chapman
Warranty Deed
—
Mar 11, 2008
—
Ronald Deardorff
Paul Chapman
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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