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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Manufacturing properties
600 7th St Albion, IN 46701-1421
Entity Owned
Free & Clear
Property ID
US31-1931411
Property summary
AI-generated overview
This exceptional 37,102-square-foot industrial warehouse presents a significant opportunity. Located in Noble County on a generous 5.86-acre lot, this single-tenant property boasts a prime Heavy Industrial (IH) zoning designation. Constructed in 1975 and renovated in 2004, the building is a Class C structure with a single story and impressive 19-foot clear ceiling heights. The warehouse features robust infrastructure, including heavy power capabilities (2,000 - 4,000 AMP, 3 Phase, 480 V), ensuring suitability for a wide range of industrial operations. Convenient loading and unloading are facilitated by two 8'x9' loading docks and five drive-in overhead doors. Further enhancing its functionality are integrated cranes, airlines, and electrical buss bars. The property also includes air-conditioned production and office areas, and a comprehensive sprinkler system is in place for fire safety. The APN is 57-13-19-100-032.000-002. This property is currently vacant and ready for immediate occupancy. The substantial size and versatile features make this an ideal location for a variety of industrial businesses seeking a well-equipped and strategically located facility.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Construction
WOOD
Total area
37,102 SF
Lot
5.86 ac (255,262 SF)
APN
57-13-19-100-032.000-002
UPID
US31-1931411
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
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$494k
Blend (final)
Blend
$575k
Owner & transaction history
STAG III ALBION LLC
STAG III ALBION LLC
Zoning & alternative use
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 Albion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albion 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
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$765,000
Current use
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$15 / 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
$10,751
Tax year 2023
Assessed value
$489,500
Assessed 2023
Previous assessed
$489,500
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$112,300
Assessed improvement
$377,200
Land market value
$112,300
Improvement market value
$377,200
Total market value
$489,500
Applied tax rate
14.0000
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
1975
Construction
WOOD
Heating
NONE
Stories
1
Total area
37,102 SF
Lot
5.86 ac (255,262 SF)
APN
57-13-19-100-032.000-002
UPID
US31-1931411
Jurisdiction
NOBLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$765,000
INDUSTRIAL (GENERAL) Current
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
1975
Construction
WOOD
Heating
NONE
Stories
1
Lot
5.86 ac
Current owner
From public records · entity-resolved
STAG III ALBION LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 77, ALBION, IN 46701-0077
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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