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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Warehouses
4316 600th N, Leesburg, IN 46538-9210
Entity Owned
Free & Clear
Property ID
US31-1470381
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1953
Construction
WOOD
Total area
9,096 SF
Lot
29.54 ac (1,286,762 SF)
Zoning code
IND-2
APN
43-06-10-200-071.000-019
UPID
US31-1470381
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
-
Clunette Elevator Co Inc Feed Store Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$701k
Blend (final)
Blend
$685k
Owner & transaction history
CLUNETTE ELEVATOR CO INC
CLUNETTE ELEVATOR CO INC
Zoning & alternative use
IND-2 · Leesburg, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$745,000
+106.7%
Restaurant
$730,000
+103.5%
Apartment house (5+ units)
$705,000
+95.8%
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 Leesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leesburg 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
$540,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
RETAIL STORES
$745,000
Change: +107% · Conversion: Moderate
RESTAURANT
$730,000
Change: +104% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$705,000
Change: +96% · Conversion: Difficult
COMMERCIAL (GENERAL)
$670,000
Change: +86% · Conversion: Difficult
MEDICAL BUILDING
$580,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$560,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$75 / 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
$32,491
Tax year 2023
Assessed value
$3,251,700
Assessed 2023
Previous assessed
$3,251,700
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$399,700
Assessed improvement
$2,852,000
Land market value
$399,700
Improvement market value
$2,852,000
Total market value
$3,251,700
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Buildings
10
Stories
1
Total area
9,096 SF
Lot
29.54 ac (1,286,762 SF)
Zoning code
IND-2
APN
43-06-10-200-071.000-019
UPID
US31-1470381
Jurisdiction
KOSCIUSKO
Zoning & alternative use
IND-2 · Leesburg, IN
Zoning IND-2 · permitted uses
IND-2 · Leesburg, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leesburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$745,000
RESTAURANT
Est. value
$730,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$670,000
MEDICAL BUILDING
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$560,000
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1953
Construction
WOOD
Heating
NONE
Stories
1
Buildings
10
Lot
29.54 ac
Current owner
From public records · entity-resolved
CLUNETTE ELEVATOR CO INC
Entity
Free & Clear · 0 yrs held
Mailing address
4316 W 600TH N, LEESBURG, IN 46538-9210
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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