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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Warehouses
1300 Us Hwy 136 Pittsboro, IN 46167-9513
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-0696141
Property summary
AI-generated overview
This exceptional property at 1300 E US Highway 136 in Pittsboro, Indiana, offers 15,000 square feet of flexible commercial space, ideal for a variety of businesses. The property consists of two buildings, each two stories high, built in 2000, and currently divided into three suites. Units are available in sizes ranging from a minimum of 2,500 square feet up to the entire 15,000 square feet contiguous space. The space boasts desirable features including 22-foot ceilings, three-phase power, and large warehouse doors, perfect for businesses requiring ample storage or specialized equipment. Convenient large truck access and a turnaround area are also available. Located in a quiet area, this property provides ample space for business operations. Utilities are simplified with water, trash, and sewer included in the rent. The strategic location offers easy access to major transportation routes, being just five miles from I-74 and ten miles from I-65, providing excellent connectivity for regional and interstate commerce. This property presents a unique opportunity for businesses seeking a versatile and well-equipped space in a convenient location. The property's address is 1300 US Hwy 136, Pittsboro, IN 46167.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
48,090 SF
Lot
5 ac (217,800 SF)
APN
32-03-35-310-012.000-018
UPID
US31-0696141
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
-
Keers Electric, Inc. Electrical Service General Contractor
-
Global Manufacturing Solutions Industrial Manufacturer Production Facility
-
Health Care Products Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.15M
Owner & transaction history
Madison Square Park LLC · 4 yrs held
Madison Square Park LLC
since 2021
2 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 Pittsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsboro 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
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,460,000
Current use
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$24 / 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
$62,257
Tax year 2023
Assessed value
$2,950,000
Assessed 2023
Previous assessed
$2,950,000
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$165,000
Assessed improvement
$2,785,000
Land market value
$165,000
Improvement market value
$2,785,000
Total market value
$2,950,000
Applied tax rate
10.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
2
Total area
48,090 SF
Lot
5 ac (217,800 SF)
APN
32-03-35-310-012.000-018
UPID
US31-0696141
Jurisdiction
HENDRICKS
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 Current
Est. value
$1.5M
WAREHOUSE, STORAGE Current
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
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Buildings
2
Lot
5 ac
Current owner
From public records · entity-resolved
Madison Square Park LLC
Entity
Mailing address
1300 E US HWY 136TH STE N STE N, PITTSBORO, IN 46167-9514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2021
—
Madison Square Park LLC
—
Deed
related
$3,500,000 · State Bank
Jan 19, 2018
—
Madison Square Park LLC
—
Deed
related
$250,000 · State Bank Of Lizton
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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