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    310 S Union St Russiaville, IN 46979
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    310 S Union St, Russiaville, IN 46979

    View on Map
    • Warehouses
    • 32,685 SF
    • 0.93 lot acres
    For Sale
    $530,000
    View Listing →
    Industrial Space Near Kokomo Plant For Sale
    $530,000
    32,685 SF

    Industrial Space Near Kokomo Plant

    Manufacturing/industrial/warehouse space with offices, near Starplus Energy EV Battery Plant.

    310 S Union St, Russiaville, IN 46979
    View Listing
    Property ID
    US31-1691596
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 310 S Union St

    Year built
    1982
    Construction
    WOOD
    Lot size
    0.93 lot acres
    Property type
    Warehouses
    APN
    34-08-26-206-015.000-021
    APU
    340826206015000021

    Description

    This exceptional 32,685-square-foot warehouse, located at 310 S Union St in Russiaville, Indiana (46979), presents a significant opportunity for industrial or manufacturing businesses. Built in 1982, the property boasts a substantial 25-foot ceiling height, providing ample vertical space for storage or operations. The warehouse features one loading dock, equipped with large overhead doors for efficient truck access. The property's convenient location offers easy access to major transportation routes and is a key advantage, situated only 20 minutes away from the Starplus Energy EV Battery Plant in Kokomo, Indiana. The property's APN is 34-08-26-206-002.000-021. This industrial space includes office areas, making it suitable for a variety of uses. The property is classified as Industrial, with a Warehouse subtype. Its strategic location and substantial size make it an ideal choice for businesses seeking a well-maintained and functional industrial space in a rapidly developing area. The property offers significant potential for growth and expansion within a thriving industrial sector. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $619,000
      Market price range: $619k - $2.54M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Russiaville
    County
    Howard
    State
    Indiana
    Longitude
    -86.2709
    Latitude
    40.4139
    CBSA code
    29020
    CBSA name
    KOKOMO, 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
    $4,779
    $28,200
    $136,700
    $164,900
    -
    $28,200
    $136,700
    $164,900

    Comparable in this City

    • Value Estimation by Request
      2,448 SF

      Liberty St

      STORAGE YARD, OPEN STORAGE
      Liberty St, Russiaville, IN 46979
      View Details
    • Value Estimation by Request
      1,920 SF

      305 Chandler St

      MINI-WAREHOUSE, STORAGE
      305 Chandler St, Russiaville, IN 46979-9122
      View Details
    • Value Estimation by Request
      640 SF

      825 175th S

      STORAGE YARD, OPEN STORAGE
      825 175th S, Russiaville, IN 46979
      View Details
    • Value Estimation by Request
      6,948 SF

      4802 250th S

      WAREHOUSE, STORAGE
      4802 250th S, Russiaville, IN 46979-9479
      View Details
    • Value Estimation by Request
      3,900 SF

      Main St

      MINI-WAREHOUSE, STORAGE
      Main St, Russiaville, IN 46979
      View Details
    • Value Estimation by Request
      378 SF

      775 370th S

      STORAGE YARD, OPEN STORAGE
      775 370th S, Russiaville, IN 46979
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      32,685 SF

      Industrial Space Near Kokomo Plant

      Manufacturing/industrial/warehouse space with offices, near Starplus Energy EV Battery Plant.
      310 S Union St, Russiaville, IN 46979
      View Details
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      Russiaville Agricultural Land For Sale

      One acre lot in a farming community west of Kokomo.
      9826 W 200 SOUTH, Russiaville, IN 46979
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      Russiaville Agricultural Land For Sale

      One acre lot in a farming community west of Kokomo.
      9802 W 200 SOUTH, Russiaville, IN 46979
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    • $75,000
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      Russiaville Agricultural Land For Sale

      One acre of agricultural land available in Russiaville, Indiana.
      9778 W 200 SOUTH, Russiaville, IN 46979
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    • New
      $74,900
      Pending

      Russiaville Church on Two Acres

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      2428 S 480 W, Russiaville, IN 46979
      View Details
    View Listing
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    Russiaville, IN 46979
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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