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Property profile & analytics
FOR SALE
Industrial properties

500 N Range Line Rd Morristown, IN 46161

4,180 SF 26.9 ac lot Built 1974
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US31-1749896
Property summary
AI-generated overview

This exceptional 151,224-square-foot industrial property in Morristown, Indiana, presents a compelling owner-user or investment opportunity. Situated on a 26.9-acre lot, this Class B building features two structures, each single-story, built in 1974 and renovated in 2007. The property boasts 19 grade-level overhead doors and two dock-high doors, facilitating efficient loading and unloading. A spacious 80 x 235-foot bay, 24-foot clear ceiling height, and T5 lighting enhance functionality. The building also offers ample parking with 100 spaces and additional trailer parking. The property includes approximately 4,000 square feet of office space with a new roof, paint, and flooring. The site's strategic location provides easy access to major interstates (I-70, I-74, I-465, and I-69), the Indianapolis International Airport (40 miles), and the Cincinnati Shipping Port (50 miles). The property is also conveniently located less than half a mile from downtown Morristown and near the Honda plant in Greensburg, IN. Additional land (approximately 75,000 square feet) is available for expansion. The building is currently 100% occupied and has the capacity for a future ridge crane (20-foot hook height). This well-maintained facility offers significant potential for various industrial uses.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1974
Construction TYPE NOT SPECIFIED
Total area 4,180 SF
Lot 26.9 ac (1,171,764 SF)
APN 73-04-07-300-033.000-008
UPID US31-1749896
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
  • Marcum's Welding & Steel Processing, Inc. Factory Production Facility
  • Apex Electric And Sign Company, Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
500 Rangeline Road LLC · 19 yrs held
500 Rangeline Road LLC
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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