Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    324 Bolles St Brownstown, IN 47220

    • Warehouses
    • 5,446 SF
    • 0.61 lot acres
    For Sale
    View listing
    $184,900
    Last Sale
    Apr 25, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1655450
    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.

    Current Use by Public Records

    • Berdetta's meats / Butcher Shop
    • Wilson's Slaughtering & Processing / Meat Packer

    Property Details for 324 Bolles St

    Year built
    1941
    Construction
    WOOD
    Lot size
    0.61 lot acres
    Property size
    5,446 SF
    Property type
    Warehouses
    APN
    36-54-11-300-008.000-002
    APU
    365411300008000002

    Description

    This exceptional commercial property located at 324 N Bolles Street, Brownstown, Indiana, presents a unique investment opportunity. Priced at $184,900, this offering includes the building and all its contents. The property sits on a sizable 0.61-acre lot, providing ample space for various commercial uses. Please note that all provided data is approximate and should be independently verified by potential buyers through their own inspections and/or surveys. This is a rare find in the Brownstown market, offering significant potential for a wide range of businesses. The building's size is not currently specified and requires verification through due diligence. The property's versatility makes it suitable for a variety of commercial ventures, and its location in Brownstown offers access to local amenities and a growing community. Serious inquiries are encouraged to conduct thorough due diligence to assess the property's suitability for their specific business needs. This is a chance to acquire a substantial commercial property at a significantly reduced price. Don't miss this opportunity to own a piece of Brownstown's commercial landscape. Act quickly, as properties like this are rarely available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownstown
    County
    Jackson
    State
    Indiana
    Longitude
    -86.0517
    Latitude
    38.8859
    CBSA code
    42980
    CBSA name
    SEYMOUR, IN MICROPOLITAN 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
    $1,665
    $15,900
    $45,300
    $61,200
    -
    $15,900
    $45,300
    $61,200

    Comparable in this City

    • Value Estimation by Request
      2,448 SF

      335 Bolles St

      MINI-WAREHOUSE, STORAGE • 2,448 SF
      335 Bolles St, Brownstown, IN 47220-1105
      View Details
    • Value Estimation
      $1,490,000
      46,200 SF

      690 State Rd 250

      WAREHOUSE, STORAGE • 46,200 SF
      690 State Rd 250, Brownstown, IN 47220-9619
      View Details
    • Value Estimation
      $515,000
      8,700 SF

      1000 Block Brg St

      STORAGE YARD, OPEN STORAGE • 8,700 SF
      1000 Block Brg St, Brownstown, IN 47220
      View Details
    • Value Estimation by Request
      2,880 SF

      581 State Rd 135

      MINI-WAREHOUSE, STORAGE • 2,880 SF
      581 State Rd 135, Brownstown, IN 47220
      View Details
    • Value Estimation by Request
      7,500 SF

      600 State Rd 250

      WAREHOUSE, STORAGE • 7,500 SF
      600 State Rd 250, Brownstown, IN 47220
      View Details
    • Value Estimation by Request
      651 SF

      100 Block Cross St

      STORAGE YARD, OPEN STORAGE • 651 SF
      100 Block Cross St, Brownstown, IN 47220
      View Details

    Similar Nearby for Sale

    • $100,000
      0.60 Acres

      Brownstown Office Building - $100K

      Prime Brownstown Office/Warehouse, Owner Financing Available.
      319 Bolles St, Brownstown, IN 47220
      View Details
    • $99,900
      2.91 Acres

      Brownstown Commercial Land Opportunity

      Prime Brownstown location, near grocery store.
      1050 Bloomington Rd, Brownstown, IN 47220
      View Details
    • $110,000
      1,633 SF

      1100 Spring St, Brownstown, IN 47220

      Office Properties & Spaces • 1,633 SF
      1100 Spring St, Brownstown, IN 47220
      View Details
    • $184,900
      0.61 Acres

      Brownstown Commercial Building - $184,900

      Rare Commercial Property, 0.61 Acres
      324 Bolles St, Brownstown, IN 47220
      View Details
    • $86,500
      1,914 SF

      127 Main St, Brownstown, IN 47220

      Retail properties • 1,914 SF
      127 Main St, Brownstown, IN 47220
      View Details
    • $599,999
      3,136 SF

      Brownstown Farm Estate with Pond

      11-acre farm estate featuring a two-story home and pond.
      4325 N Co Rd 650 W, Brownstown, IN 47220
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    324 Bolles St
    Brownstown, IN 47220
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.