Property profile

2400 State Hwy 43 Spencer, IN 47460

OFF-MARKET
Industrial properties
Property ID
US31-1630406
12,800 SF 20.37 ac lot Built 1999
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1999
Construction WOOD
Total area 12,800 SF
Lot 20.37 ac (887,317 SF)
APN 60-10-35-300-170.000-027
UPID US31-1630406

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2400 State Hwy 43 Spencer, IN 47460-6733
Spencer metro Census 955900 BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2020
2 recorded transactions
2025
Price N/A
2020
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $990,000 +58.3%
Warehouse, storage $805,000 +28.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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