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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Manufacturing properties
5 Arnolt Dr Pierceton, IN 46562-9641
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2027816
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
108,883 SF
Lot
15 ac (653,400 SF)
Zoning code
IND-3
APN
43-12-28-100-691.000-030
UPID
US31-2027816
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$1.57M
Owner & transaction history
Spirit Master Funding X LLC · 5 yrs held
Spirit Master Funding X LLC
since 2021
5 recorded transactions
Zoning & alternative use
IND-3 · Pierceton, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Pierceton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pierceton 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
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±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
$14 / 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
$34,281
Tax year 2023
Assessed value
$1,906,700
Assessed 2023
Previous assessed
$1,906,700
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$376,300
Assessed improvement
$1,530,400
Land market value
$376,300
Improvement market value
$1,530,400
Total market value
$1,906,700
Applied tax rate
30.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
108,883 SF
Lot
15 ac (653,400 SF)
Zoning code
IND-3
APN
43-12-28-100-691.000-030
UPID
US31-2027816
Jurisdiction
KOSCIUSKO
Zoning & alternative use
IND-3 · Pierceton, IN
Zoning IND-3 · permitted uses
IND-3 · Pierceton, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pierceton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
15 ac
Current owner
From public records · entity-resolved
Spirit Master Funding X LLC
Entity
Free & Clear · 5 yrs held
Mailing address
300 GALLERIA OFFICENTRE, SOUTHFIELD, MI 48034-4700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2021
$5,088,512
Spirit Master Funding X LLC
Grouper Real Estate Acquisition Co
Special Warranty Deed
—
Dec 28, 2020
—
Grouper Real Estate Acquisition Co
Shiloh Die Cast Midwest LLC
Special Warranty Deed
—
Aug 9, 2013
—
Shiloh Die Cast Midwest LLC
Contech Casting Real Estate Holding
Warranty Deed
—
Dec 10, 2009
—
Contech Castings Real Estate Holdin
Contech U S LLC
Corporation Deed
—
May 4, 2007
—
Contech U S LLC
Mag Operating U S LLC
Quit Claim Deed
—
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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