Property profile

3413 Michigan Rd Madison, IN 47250

OFF-MARKET
Warehouses
Property ID
US31-1686380
15,120 SF 3.2 ac lot Built 1974
Entity Owned Free & Clear
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Property profile

Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1974
Construction WOOD
Total area 15,120 SF
Lot 3.2 ac (139,392 SF)
APN 39-08-15-000-015.000-006
UPID US31-1686380

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Fire Station
  • Atm

Location

3413 Michigan Rd Madison, IN 47250-7814
Madison metro Census 966100 MADISON, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$640k
Blend (final) Blend
$430k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.0M +56.8%
Medical building $985,000 +53.6%
Restaurant $975,000 +52.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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