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    Property profile & analytics

    511 Range Line Rd Morristown, IN 46161-9641

    • Warehouses
    • 62,868 SF
    • 9.86 lot acres
    OFF-MARKET
    Value Estimation
    $680,000
    Location Intelligence
    Property ID
    US31-0319078
    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

    • CraneWerks / Crane Service
    • Service Crane Company / Crane Service
    • Harriman Material Handling / Material Handling Equipment Supplier / Crane Dealer

    Property Details for 511 Range Line Rd

    Year built
    1974
    Construction
    TYPE NOT SPECIFIED
    Lot size
    9.86 lot acres
    Property size
    62,868 SF
    Property type
    Warehouses
    APN
    73-03-12-400-330.000-008
    APU
    730312400330000008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $780,000

    • CAP approach

      CAP return
      Estimation
      6%
      $645,000
      6.5%
      $705,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $555,000
      Geo Method
      $560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $765,000
      Retail
      $725,000
      Mixed-Use
      $615,000
      Hospitality
      $645,000
      Educational
      $765,000
      Residential Income
      $725,000
      Energy
      $715,000
      Income-Based Land
      $620,000
      Food Service
      $635,000

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Shelby
    State
    Indiana
    Longitude
    -85.6886
    Latitude
    39.6765
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN 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
    $21,414
    $98,900
    $890,000
    $988,900
    -
    $98,900
    $890,000
    $988,900

    Comparable in this City

    • Value Estimation
      $4,495,000
      960 SF

      2618 Us Hwy 52

      STORAGE YARD, OPEN STORAGE • 960 SF
      2618 Us Hwy 52, Morristown, IN 46161-9802
      View Details
    • Value Estimation
      $435,000
      15,000 SF

      730 Industrial Dr

      WAREHOUSE, STORAGE • 15,000 SF
      730 Industrial Dr, Morristown, IN 46161-9616
      View Details
    • Value Estimation by Request
      5,160 SF

      316 Wood St

      STORAGE YARD, OPEN STORAGE • 5,160 SF
      316 Wood St, Morristown, IN 46161
      View Details
    • Value Estimation by Request
      200,449 SF

      2782 Us Hwy 52

      WAREHOUSE, STORAGE • 200,449 SF
      2782 Us Hwy 52, Morristown, IN 46161-9800
      View Details
    • Value Estimation
      $990,000
      55,385 SF

      205 Central Pkwy

      WAREHOUSE, STORAGE • 55,385 SF
      205 Central Pkwy, Morristown, IN 46161-9647
      View Details
    • Value Estimation
      $950,000
      54,750 SF

      780 Industrial Dr

      WAREHOUSE, STORAGE • 54,750 SF
      780 Industrial Dr, Morristown, IN 46161-9616
      View Details

    Similar Nearby for Sale

    • $6,200,000
      151,224 SF

      155,000 SF Manufacturing Building

      Manufacturing building with expansion land and proximity to interstates.
      500 N Range Line Rd, Morristown, IN 46161
      View Details
    • $695,000
      10,390 SF

      Versatile Commercial Shop with Storage

      6,400 SF commercial shop with office and storage on 0.88 acres.
      308 N Morrison St, Morristown, IN 46161
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    • Contact for pricing
      151,224 SF

      Morristown Industrial Property

      151,224 SF Warehouse, Owner/User
      500 Range Line Rd, Morristown, IN 46161
      View Details
    • $440,000
      8.81 Acres

      Morristown Industrial Land For Sale

      8.81 acres of industrial land with a 5,160 SF building.
      316 Wood St, Morristown, IN 46161
      View Details
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    Morristown, IN 46161-9641
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    Realmo Value Estimation

    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.

    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.

    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
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