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    Property profile & analytics

    200 Westplex Ave Bloomington, IN 47404-5082

    • Commercial real estate
    • 7,000 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    $455,000
    Last Sale
    Oct 05, 2022
    $500,000
    Location Intelligence
    Property ID
    US31-0783255
    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

    • Commercial real estate

    Property Details for 200 Westplex Ave

    Year built
    1989
    Construction
    WOOD
    Lot size
    0.45 lot acres
    Property size
    7,000 SF
    Property type
    Commercial real estate
    APN
    53-05-32-310-003.000-005
    APU
    530532310003000005

    Description

    This Bloomington, Indiana property offers 4,036 square feet of versatile industrial flex space, ideal for businesses needing a blend of office, warehouse, and storage areas. The functional layout includes a well-appointed office area, a sizable warehouse, and dedicated storage, providing ample room for diverse operational needs. The space is equipped with heating for year-round comfort and includes a convenient on-site bathroom. Its prime location within a growing industrial hub ensures easy access to major highways, facilitating efficient deliveries, logistics, and employee commutes. The property is part of a larger building totaling 9,550 square feet, divided into five suites, with a minimum divisible space of 850 square feet and a maximum contiguous space of 2,500 square feet. Five drive-in bays provide convenient access for loading and unloading, while the building offers flexible lease terms at competitive rental rates. This space is perfect for businesses seeking to expand or establish a presence in Bloomington, offering a practical and adaptable solution for various operational requirements. The property's combination of office, warehouse, and storage areas makes it suitable for a wide range of businesses. Contact us to learn more about this exceptional opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $450,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $460,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $480,000
      Retail
      $430,000
      Mixed-Use
      $530,000
      Hospitality
      $485,000
      Educational
      $435,000
      Residential Income
      $500,000
      Energy
      $410,000
      Income-Based Land
      $540,000
      Food Service
      $465,000

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.5542
    Latitude
    39.1654
    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
    $3,260
    $180,000
    $127,300
    $307,300
    -
    $180,000
    $127,300
    $307,300

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    200 Westplex Ave
    Bloomington, IN 47404-5082
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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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