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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Warehouses
2525 Western Ave Plymouth, IN 46563-1049
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-3036206
Property summary
AI-generated overview
Exceptional opportunity to acquire a 28.67-acre commercial property in Plymouth, Indiana, featuring a 17,680 square foot building constructed in 1959. This two-story structure boasts a 20-foot ceiling height and multiple updated offices. The property includes a substantial hard yard, suitable for diverse uses, and benefits from frontage on three separate roads, including proximity to US 30. Its strategic location alongside major national retailers presents significant advantages. The seller is open to considering offers, and the property's size allows for potential subdivision into smaller parcels. This versatile property offers substantial potential for various commercial ventures. The asking price is $4,500,000.
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1959
Construction
TYPE NOT SPECIFIED
Total area
17,680 SF
Lot
28.67 ac (1,248,952 SF)
APN
50-42-29-403-015.000-019
UPID
US31-3036206
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
$934k
Blend (final)
Blend
$935k
Owner & transaction history
Carl D Stockberger · 1 yrs held
Carl D Stockberger
since 2024
Last sale
$13,250
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+132.5%
Retail stores
$1.2M
+127.9%
Medical building
$1.1M
+102.8%
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 Plymouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plymouth 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,265,000
Change: +132% · Conversion: Difficult
RETAIL STORES
$1,240,000
Change: +128% · Conversion: Moderate
MEDICAL BUILDING
$1,100,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$955,000
Change: +75% · Conversion: Easy
COMMERCIAL (GENERAL)
$905,000
Change: +66% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $13k (Sep 19 2024)
Last sale anchor
$13k
Sep 19 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$53 / SF
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
$21,853
Tax year 2023
Assessed value
$722,100
Assessed 2023
Previous assessed
$722,100
+0.0% YoY
Effective rate
3.03%
On assessed value
Assessed land
$574,100
Assessed improvement
$148,000
Land market value
$574,100
Improvement market value
$148,000
Total market value
$722,100
Applied tax rate
19.0000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1959
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
17,680 SF
Lot
28.67 ac (1,248,952 SF)
APN
50-42-29-403-015.000-019
UPID
US31-3036206
Jurisdiction
MARSHALL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$905,000
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
28.67 ac
Current owner
From public records · entity-resolved
Carl D Stockberger
Individual
Free & Clear · 1 yrs held
Mailing address
11652 11TH RD, PLYMOUTH, IN 46563-9033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
—
Carl D Stockberger
Elite 5 Real Estate LLC
Quit Claim Deed
related
—
Jul 18, 2023
—
Carl D Stockberger
Carl Stockberger
Intrafamily Transfer
related
—
Dec 16, 2021
$13,250
City Of Plymouth
Carl Stockberger
Warranty Deed
—
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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