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

    401 Blair Pike Peru, IN 46970-1505

    • Industrial land
    • 0.66 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1391935
    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

    • Industrial land

    Property Details for 401 Blair Pike

    Lot size
    0.66 lot acres
    Property type
    Industrial land
    APN
    52-08-28-201-014.000-016
    APU
    520828201014000016

    Description

    This expansive industrial warehouse property, located at 401 Blair Pike in Peru, Indiana, 46970, offers a significant 122,010 square feet of space. The building is classified as industrial, with a warehouse subtype and features multiple tenancies. The property boasts three dock-high doors and one drive-in door, providing ample loading and unloading capabilities for various industrial operations. Its strategic location offers convenient access to key transportation routes and is situated a mere 25 minutes from the StarPlus Energy EV Battery plant in Kokomo, Indiana, making it an attractive option for businesses involved in the automotive or related supply chains. The property's size and features make it suitable for a wide range of industrial uses, offering significant potential for businesses seeking a substantial warehouse space in a well-connected location. The property is ready for immediate occupancy. Interested parties should inquire for further details regarding lease terms and availability. This is a prime opportunity to secure a substantial industrial warehouse in a rapidly developing area.

    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
    Peru
    County
    Miami
    State
    Indiana
    Longitude
    -86.0901
    Latitude
    40.7569
    CBSA code
    37940
    CBSA name
    PERU, 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
    $411
    $13,700
    $0.00
    $13,700
    -
    $13,700
    $0.00
    $13,700

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      8th Blvd

      INDUSTRIAL - VACANT LAND • 0.21 Acres
      8th Blvd, Peru, IN 46970
      View Details
    • Value Estimation by Request
      0.26 Acres

      Thorpe Dr At Hay Ave

      INDUSTRIAL - VACANT LAND • 0.26 Acres
      Thorpe Dr At Hay Ave, Peru, IN 46970
      View Details
    • Value Estimation by Request
      0.89 Acres

      669 250th W

      INDUSTRIAL - VACANT LAND • 0.89 Acres
      669 250th W, Peru, IN 46970-8783
      View Details
    • Value Estimation by Request
      1.00 Acre

      3311 State Rd 19

      INDUSTRIAL - VACANT LAND • 1.00 Acre
      3311 State Rd 19, Peru, IN 46970-7476
      View Details
    • Value Estimation by Request
      0.50 Acres

      3311 State Rd 19

      INDUSTRIAL - VACANT LAND • 0.50 Acres
      3311 State Rd 19, Peru, IN 46970-7476
      View Details
    • Value Estimation by Request
      0.88 Acres

      3869 State Rd 218

      INDUSTRIAL - VACANT LAND • 0.88 Acres
      3869 State Rd 218, Peru, IN 46970-7443
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12.50 Acres

      Classified Forest Land For Sale

      12.5+/- acres of recreational woods with hunting opportunities.
      3542 W Division Rd, Peru, IN 46970
      View Details
    • New
      $735,000
      Pending

      70 Acre Recreational Hunting Paradise

      Mixed-use recreational property with tillable land, modern comforts, and diverse topography.
      1848 S County Road 1100 E, Peru, IN 46970
      View Details
    • $595,000
      0.42 Acres

      Prime Peru Commercial Property

      Main Street Corner Lot, High Visibility
      291 Main St, Peru, IN 46970
      View Details
    • $2,750,000
      22.06 Acres

      Peru, IN Truck Stop Land

      22-Acre Commercial/Industrial Site, High Traffic
      US-24 & Eel Riv Rd, Peru, IN 46970
      View Details
    • Contact for pricing
      1.00 Acres

      Residential Lot in Hidden Hills

      One-acre residential lot in the Hidden Hills community.
      94 Gln Cv Dr, Peru, IN 46970
      View Details
    • New
      $125,000
      Pending

      Versatile Acreage Near Highway 19

      10.406 acres near Denver, Indiana, ideal for building or farming.
      550 E 550 N, Peru, IN 46970
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo

      Commercial Land for Lease

      0.629 acre commercial land available for ground lease.
      912 W Main St, Peru, IN 46970
      View Details
    • $6 SF/Yr
      100,677 SF

      North Broadway Retail Center

      Peru, IN: Prime Retail Space Available
      760 Broadway St, Peru, IN 46970
      View Details
    • $18 SF/Yr
      2,350 SF

      Medical/Office Space Near Downtown Peru

      Single-tenant medical/office property in the heart of Peru.
      1 Logan St, Peru, IN 46970
      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.
    401 Blair Pike
    Peru, IN 46970-1505
    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.