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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Manufacturing properties
2703 9th St Marion, IN 46953-1000
Entity Owned
Free & Clear
Property ID
US31-2195376
Property summary
AI-generated overview
This exceptional 45,936-square-foot distribution center, situated on a spacious 21.3-acre lot in Marion, Indiana, presents a compelling investment opportunity. Built in 1967, this single-story building boasts a heavy industrial I3 zoning designation, making it ideal for a variety of uses. The property features five loading docks, ten overhead drive-in doors, and three overhead cranes with capacities of 3, 5, and 10 tons. Power is robust, with 1600 Amp/480 Volt service and three bus ducts. The building is move-in ready, fully fenced and secured, and includes a sizable break room and locker room. The expansive lot offers significant outside storage potential and room for future expansion. An additional truck scale is available for negotiation. The asking price is $1,850,000, translating to $40.27 per square foot. The property's APN is 27-06-11-200-012.000-008, 27-06-11-200-003.000-006, 27-06-11-200-014.000-006. Located at 2703 W 9th St, Marion, IN 46953, this property offers unparalleled functionality and growth potential.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Construction
TYPE NOT SPECIFIED
Total area
45,936 SF
Lot
8.22 ac (358,063 SF)
APN
27-06-11-200-012.000-008
UPID
US31-2195376
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
Current use
Occupant on record · Public records
-
Sherriff-Goslin Co Roofing Company General Contractor
-
Earthwise Plastics Factory Production Facility
-
Metal Source Metal Fabrication Plant Factory
-
Millwright Riggers Inc Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$971k
Blend (final)
Blend
$785k
Owner & transaction history
Tjr Fabrication LLC
Tjr Fabrication LLC
since 2026
5 recorded transactions
Zoning & alternative use
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,130,000
Current use
Blend value · Realmo final
$785k
Range $707k – $864k · ±10%
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
$17 / 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
$13,717
Tax year 2023
Assessed value
$460,400
Assessed 2023
Previous assessed
$460,400
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$112,600
Assessed improvement
$347,800
Land market value
$112,600
Improvement market value
$347,800
Total market value
$460,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1967
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
45,936 SF
Lot
8.22 ac (358,063 SF)
APN
27-06-11-200-012.000-008
UPID
US31-2195376
Jurisdiction
GRANT
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
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
1967
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
8.22 ac
Current owner
From public records · entity-resolved
Tjr Fabrication LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1733 S WABASH ST, WABASH, IN 46992-4119
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2026
—
Tjr Fabrication LLC
Mcp International
Deed
—
Mar 12, 2025
—
Mcp International
9th St LLC
Deed
—
Dec 29, 2021
—
Gebhart Properties LLC
—
Deed
related
$6,197,600 · First Federal Savings
Oct 27, 2021
—
9th St LLC
Gebhart Properties LLC
Quit Claim Deed
related
—
Oct 4, 2021
—
Gebhart Properties LLC
Millwright Riggers INC
Corporation Deed
$1,038,750 · First Federal Savings
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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