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    Property profile & analytics

    111 Industrial Dr Cromwell, IN 46732

    • Manufacturing properties
    • 30,000 SF
    • 5.64 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Value Estimation
    $690,000
    Location Intelligence
    Property ID
    US31-2222235
    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 111 Industrial Dr

    Year built
    1991
    Construction
    WOOD
    Lot size
    5.64 lot acres
    Property size
    30,000 SF
    Property type
    Manufacturing properties
    APN
    57-16-16-400-150.000-016
    APU
    571616400150000016

    Description

    This exceptional 33,500-square-foot industrial property, located at 111 Industrial Drive in Cromwell, Indiana, presents a unique investment opportunity. Built in 1991, this single-story building sits on a spacious lot within the Cromwell Industrial Park, offering convenient access to State Road 5. The property features a flexible layout suitable for manufacturing or warehousing operations, boasting a 20-foot ceiling height for ample storage and operational space. Loading and unloading are facilitated by two dock-high doors and one drive-in door. The building is entirely vacant, providing immediate occupancy for a new tenant. A distinctive feature is the inclusion of a retro diner-themed kitchenette/break area, adding a unique touch to the workspace. Ample parking is available on-site. The property is zoned for industrial use and is identified by APN 57-16-16-400-150.000-016 in Noble County, Indiana, zip code 46732. This turnkey facility offers immediate occupancy and is ready for your business to thrive. The property's location and features make it an ideal choice for a variety of industrial uses. Contact us today to schedule a showing and explore the possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $655,000

    • CAP approach

      CAP return
      Estimation
      6%
      $755,000
      6.5%
      $800,000
      7%
      $730,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $875,000
      Geo Method
      $870,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $800,000
      Retail
      $720,000
      Mixed-Use
      $780,000
      Hospitality
      $810,000
      Educational
      $925,000
      Residential Income
      $850,000
      Energy
      $770,000
      Income-Based Land
      $855,000
      Food Service
      $700,000

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Noble
    State
    Indiana
    Longitude
    -85.6082
    Latitude
    41.4074
    CBSA code
    28340
    CBSA name
    KENDALLVILLE, 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
    $20,642
    $166,600
    $520,200
    $686,800
    -
    $166,600
    $520,200
    $686,800

    Comparable in this City

    • Value Estimation
      $430,000
      25,138 SF

      9455 Gilbert Lk Rd

      MANUFACTURING (LIGHT) • 25,138 SF
      9455 Gilbert Lk Rd, Cromwell, IN 46732-9722
      View Details
    • Value Estimation
      $345,000
      5,040 SF

      203 Industrial Dr

      MANUFACTURING (LIGHT) • 5,040 SF
      203 Industrial Dr, Cromwell, IN 46732-1128
      View Details
    • Value Estimation
      $360,000
      19,360 SF

      458 Olive St

      MANUFACTURING (LIGHT) • 19,360 SF
      458 Olive St, Cromwell, IN 46732-1122
      View Details
    • Value Estimation
      $605,000
      34,297 SF

      4379 900th W

      MANUFACTURING (LIGHT) • 34,297 SF
      4379 900th W, Cromwell, IN 46732-9746
      View Details
    • Value Estimation
      $555,000
      36,129 SF

      100 Industrial Dr

      INDUSTRIAL (GENERAL) • 36,129 SF
      100 Industrial Dr, Cromwell, IN 46732-1127
      View Details
    • Value Estimation
      $475,000
      31,464 SF

      205 Industrial Dr

      INDUSTRIAL (GENERAL) • 31,464 SF
      205 Industrial Dr, Cromwell, IN 46732-1128
      View Details
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    111 Industrial Dr
    Cromwell, IN 46732
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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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