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Property profile & analytics
OFF-MARKET
Estimated value
$4,430,000
Warehouses
2601 State Rd 240, Greencastle, IN 46135
Entity Owned
6-yr Hold
Free & Clear
Property ID
US31-3069022
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
TYPE NOT SPECIFIED
Total area
99,876 SF
Lot
18.82 ac (819,799 SF)
Zoning code
ZO01
APN
67-09-13-700-033.000-008
UPID
US31-3069022
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
$4.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.25M
Blend (final)
Blend
$4.43M
Owner & transaction history
Crown Equipment Corp · 6 yrs held
Crown Equipment Corp
since 2020
Last sale
$3.9M
3 recorded transactions
Zoning & alternative use
ZO01 · Greencastle, IN
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 Greencastle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greencastle 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
$4,455,000
ML approach
$4,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.43M
Range $3.99M – $4.87M · ±10% · vs last sale $3.85M (Mar 4 2020)
Last sale anchor
$3.85M
Mar 4 2020
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
$44 / 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
$73,845
Tax year 2023
Assessed value
$2,461,500
Assessed 2023
Previous assessed
$2,461,500
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$289,200
Assessed improvement
$2,172,300
Land market value
$289,200
Improvement market value
$2,172,300
Total market value
$2,461,500
Applied tax rate
15.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Total area
99,876 SF
Lot
18.82 ac (819,799 SF)
Zoning code
ZO01
APN
67-09-13-700-033.000-008
UPID
US31-3069022
Jurisdiction
PUTNAM
Zoning & alternative use
ZO01 · Greencastle, IN
Zoning ZO01 · permitted uses
ZO01 · Greencastle, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greencastle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Lot
18.82 ac
Current owner
From public records · entity-resolved
Crown Equipment Corp
Entity
Free & Clear · 6 yrs held
Mailing address
40 S WASHINGTON ST #44, NEW BREMEN, OH 45869-1288
Ownership since
2020
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
Mar 4, 2020
$3,850,000
Crown Equipment Corp
Force Holdings LLC
Grant Deed
—
Sep 11, 2014
—
Force Holdings LLC
Greencastle Properties Co
Grant Deed
related
—
Aug 25, 2014
—
Force Holdings LLC
Greencastle Properties Co
Grant 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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