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    Property profile & analytics

    1601 Gray St Bloomington, IN 47404-2744

    • Warehouses
    • 5,000 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    Sep 10, 2021
    Location Intelligence
    Property ID
    US31-1091319
    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

    • Warehouses

    Property Details for 1601 Gray St

    Year built
    1994
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.68 lot acres
    Property size
    5,000 SF
    Property type
    Warehouses
    APN
    53-05-32-200-013.000-004
    APU
    530532200013000004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.5549
    Latitude
    39.1725
    CBSA code
    14020
    CBSA name
    BLOOMINGTON, 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
    $2,137
    $68,000
    $215,900
    $283,900
    -
    $68,000
    $215,900
    $283,900

    Comparable in this City

    • Value Estimation
      $1,975,000
      25,858 SF

      214 17th St

      WAREHOUSE, STORAGE • 25,858 SF
      214 17th St, Bloomington, IN 47404-3536
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    • Value Estimation
      $6,445,000
      38,720 SF

      5050 State Rd 46

      MINI-WAREHOUSE, STORAGE • 38,720 SF
      5050 State Rd 46, Bloomington, IN 47404-9695
      View Details
    • Value Estimation by Request
      4,400 SF

      111 Daniels Way

      MINI-WAREHOUSE, STORAGE • 4,400 SF
      111 Daniels Way, Bloomington, IN 47404-9256
      View Details
    • Value Estimation
      $4,405,000
      22,334 SF

      3770 Jonathan Dr

      WAREHOUSE, STORAGE • 22,334 SF
      3770 Jonathan Dr, Bloomington, IN 47404-4843
      View Details
    • Value Estimation
      $480,000
      15,736 SF

      2405 Industrial Park Dr

      WAREHOUSE, STORAGE • 15,736 SF
      2405 Industrial Park Dr, Bloomington, IN 47404-2601
      View Details
    • Value Estimation
      $395,000
      5,000 SF

      1920 Fountain Dr

      STORAGE YARD, OPEN STORAGE • 5,000 SF
      1920 Fountain Dr, Bloomington, IN 47404-2871
      View Details

    Similar Nearby for Sale

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      Residential Land Near Bloomington, IN

      5-acre residential land parcel near Bloomington and Indiana University.
      3530 W Maple Grove Rd, Bloomington, IN 47404
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    • New
      $85,000
      0.38 Acres

      Residential Land in Bloomington, IN

      Residential land available in Bloomington, Indiana.
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      Bloomington Office with Private Parking

      Office suite with reception, workspaces, and private parking.
      1602 W 3Rd St, Bloomington, IN 47404
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    Similar Nearby for Lease

    • $10 SF/Yr

      Industrial Flex Building For Lease

      11,380 SF industrial flex building available for lease.
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    • $400 /Mo
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      Open commercial space in downtown Bloomington near IU Campus.
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      Trades Business Space For Rent

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      6,172 SF office space in downtown Bloomington for lease.
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    • $18 SF/Yr
      8,000 SF

      Bloomington Retail/Office Space Available

      8000 SF retail or office space on West 3rd Street.
      3470 W 3Rd St, Bloomington, IN 47404
      View Details
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    1601 Gray St
    Bloomington, IN 47404-2744
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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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