Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1524 Nebo Rd Yorktown, IN 47396-9103
    Back to Search
    Property profile & analytics

    1524 Nebo Rd Yorktown, IN 47396-9103

    View on Map
    • Warehouses
    • 4,880 SF
    • 0.32 lot acres
    Off-Market
    Last Sale Dec 7, 2021
    Property ID
    US31-2485326
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1524 Nebo Rd

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.32 lot acres
    Property size
    4,880 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    18-10-13-352-004.000-017
    APU
    181013352004000017

    Description

    This 576-square-foot warehouse, located at 1524 S Nebo Rd, Yorktown, IN 47396, presents a unique opportunity for businesses seeking efficient storage solutions. Situated in the Muncie Yorktown submarket cluster, this single-tenant property offers convenient access near the intersection of Nebo Rd and Kilgore Ave. The building, renovated in 2021, features concrete floors, perfect for dry storage. While there are no loading docks or dock-high doors, the property provides private access. Electricity is available on-site (100 amp service), with the tenant responsible for the electric bill. The building has a 564 building FAR and a 10% load factor. No parking spaces are included with this property. This space is currently fully occupied. This is an excellent opportunity to secure a well-maintained, conveniently located storage facility in a thriving Indiana market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Yorktown
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4612
    Latitude
    40.1798
    CBSA code
    34620
    CBSA name
    MUNCIE, 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
    $5,220
    $11,000
    $171,600
    $182,600
    -
    $11,000
    $171,600
    $182,600

    Comparable in this City

    • Value Estimation by Request
      8,040 SF

      Yorktown, IN 47396

      MINI-WAREHOUSE, STORAGE • 8,040 SF
      Yorktown, IN 47396
      View Details
    • Value Estimation by Request
      6,425 SF

      6691 Kilgore Ave

      MINI-WAREHOUSE, STORAGE • 6,425 SF
      6691 Kilgore Ave, Yorktown, IN 47396-9355
      View Details
    • Value Estimation by Request
      1,716 SF

      8700 Smith St

      MINI-WAREHOUSE, STORAGE • 1,716 SF
      8700 Smith St, Yorktown, IN 47396-1334
      View Details
    • Value Estimation by Request
      4,080 SF

      Yorktown, IN 47396

      MINI-WAREHOUSE, STORAGE • 4,080 SF
      Yorktown, IN 47396
      View Details
    • Value Estimation by Request
      6,000 SF

      1501 Nebo Rd

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      1501 Nebo Rd, Yorktown, IN 47396-9103
      View Details
    • Value Estimation by Request
      9,459 SF

      1524 Nebo Rd

      MINI-WAREHOUSE, STORAGE • 9,459 SF
      1524 Nebo Rd, Yorktown, IN 47396-9103
      View Details

    Similar Nearby for Sale

    • $128,900
      3,280 SF

      Commercial Property with Storage Units

      Commercial property featuring a car wash and storage spaces.
      6260 W Kilgore Ave, Yorktown, IN 47396
      View Details
    • Contact for pricing

      Yorktown Land For Sale

      Prime Yorktown location, C-1 zoning, 125 x 160 lot.
      6705 W Kilgore Ave, Yorktown, IN 47396
      View Details
    • $575,000
      0.83 Acres

      Yorktown Commercial Property - Huge Potential

      Versatile property, prime location, investment opportunity.
      9400 Canal St, Yorktown, IN 47396
      View Details
    • $2,905,000

      81 Acres of Divisible Land

      Two parcels of land totaling 81 acres for sale.
      6901 W Kilgore Ave, Yorktown, IN 47396
      View Details
    • Contact for pricing

      Land Near I-69 Exit

      Land available for lease near I-69 and SR 332.
      N Executive Park Dr, Yorktown, IN 47396
      View Details
    • Contact for pricing
      150 SF

      Land Available For Sale

      150 acres of land for sale.
      14500 West Mcgalliard Rd, Yorktown, IN 47396
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial/Storage/Distribution Space For Lease

      Industrial/Storage/Distribution space for lease, flexible terms, tenant improvements.
      9511 W Depot St, Yorktown, IN 47396
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent in Yorktown, Indiana.
      7701 W Kilgore Ave, Yorktown, IN 47396
      View Details
    • Contact for pricing

      Land Near I-69 Exit

      Land available for lease near I-69 and SR 332.
      N Executive Park Dr, Yorktown, IN 47396
      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.
    1524 Nebo Rd
    Yorktown, IN 47396-9103
    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

    Thank You for Inquiry
    1524 Nebo Rd, Yorktown, IN, 47396
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!