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Property profile & analytics
OFF-MARKET
Warehouses
1524 Nebo Rd Yorktown, IN 47396-9103
Entity Owned
4-yr Hold
Free & Clear
Property ID
US31-2485326
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Construction
WOOD
Total area
4,880 SF
Lot
0.32 ac (13,809 SF)
APN
18-10-13-352-004.000-017
UPID
US31-2485326
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nexgen Real Estate LLC · 4 yrs held
Nexgen Real Estate LLC
since 2021
4 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 Yorktown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yorktown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,220
Tax year 2023
Assessed value
$182,600
Assessed 2023
Previous assessed
$182,600
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$11,000
Assessed improvement
$171,600
Land market value
$11,000
Improvement market value
$171,600
Total market value
$182,600
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
4,880 SF
Lot
0.32 ac (13,809 SF)
APN
18-10-13-352-004.000-017
UPID
US31-2485326
Jurisdiction
DELAWARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Nexgen Real Estate LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 340380, COLUMBUS, OH 43234-0380
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
—
Nexgen Real Estate LLC
Northwest Bank
Special Warranty Deed
—
Oct 27, 2021
—
Nexgen Real Estate LLC
Northwest Bank
Special Warranty Deed
—
Aug 10, 2020
—
Nexgen Real Estate LLC
Northwest Bank
Special Warranty Deed
—
Jul 26, 2019
$503,854
Mutual Bank
Delaware County Sheriff
Sheriffs 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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