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    Property profile & analytics

    5225 Serum Plant Rd Thorntown, IN 46071-9266

    • Manufacturing properties
    • 62,680 SF
    • 4.56 lot acres
    OFF-MARKET
    Value Estimation
    $640,000
    Location Intelligence
    Property ID
    US31-1401151
    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

    • Champ Manufacturing / Manufacturer
    • Trac Vac / Manufacturer / Garden Center
    • Rich Manufacturing / Manufacturer
    • Leafvacreviews.com / Lawn Care Service

    Property Details for 5225 Serum Plant Rd

    Year built
    1955
    Construction
    METAL FRAME
    Lot size
    4.56 lot acres
    Property size
    62,680 SF
    Zone code
    ZO01
    Property type
    Manufacturing properties
    APN
    06-09-01-000-006.000-014
    APU
    60901000006000014

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $665,000

    • CAP approach

      CAP return
      Estimation
      6%
      $770,000
      6.5%
      $780,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $670,000
      Geo Method
      $685,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $690,000
      Retail
      $765,000
      Mixed-Use
      $775,000
      Hospitality
      $850,000
      Educational
      $645,000
      Residential Income
      $775,000
      Energy
      $745,000
      Income-Based Land
      $680,000
      Food Service
      $730,000

    Location Insight

    • Map
    • Local Demand
    City
    Thorntown
    County
    Boone
    State
    Indiana
    Longitude
    -86.5965
    Latitude
    40.1159
    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
    $8,494
    $90,000
    $564,700
    $654,700
    -
    $90,000
    $564,700
    $654,700

    Comparable in this City

    • Value Estimation by Request
      2,416 SF

      8024 12th W State Rd 47

      STORAGE YARD, OPEN STORAGE • 2,416 SF
      8024 12th W State Rd 47, Thorntown, IN 46071-9415
      View Details
    • Value Estimation
      $440,000
      768 SF

      5001 State Rd 75

      STORAGE YARD, OPEN STORAGE • 768 SF
      5001 State Rd 75, Thorntown, IN 46071
      View Details
    • Value Estimation by Request
      2.91 Acres

      310 Frnt St

      INDUSTRIAL (GENERAL) • 2.91 Acres
      310 Frnt St, Thorntown, IN 46071-1014
      View Details
    • Value Estimation
      $710,000
      19,740 SF

      1217 Main St

      INDUSTRIAL (GENERAL) • 19,740 SF
      1217 Main St, Thorntown, IN 46071-8986
      View Details
    • Value Estimation by Request
      3,000 SF

      320 Frnt St

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      320 Frnt St, Thorntown, IN 46071
      View Details
    • Value Estimation by Request
      3,630 SF

      117 Bow St

      MINI-WAREHOUSE, STORAGE • 3,630 SF
      117 Bow St, Thorntown, IN 46071
      View Details

    Similar Nearby for Sale

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      3,800 SF

      Ironwood Farms: Event Venue & Farm

      Boone County, IN: 27 Acres, Event Space
      5411 Us-52, Thorntown, IN 46071
      View Details
    • $179,000
      4.00 Acres

      Thorntown Residential Land Opportunity

      4 acres of residential or recreational land near Sugar Creek.
      7001 N 1075 W, Thorntown, IN 46071
      View Details
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    Thorntown, IN 46071-9266
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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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