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Financial
Distress signals
Property profile

633 N Morton St Bloomington, IN 47404

FOR LEASE
Other warehouses
Property ID
US31-1074385
9,668 SF 0.57 ac lot Built 1960
Last sale Jul 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This flex/light industrial building contains 5,651 square feet of space on a 0.57-acre parcel at 633 N Morton Street in Downtown Bloomington, within a few blocks of Indiana University and City Hall. The interior layout includes 651 square feet of ground-level office space plus an additional 651 square feet of upstairs office and/or storage area; both office areas were remodeled in 2026. Operational space is supported by a ground-level 14-foot garage door, concrete flooring, floor drains, and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$518k
Assessed land$424k
Assessed improvement$94k
Effective rate1.06%

Value estimate

· Oct 2026
$340k
$306k – $374k
AI approach$340k
NOI build-up
Gross scheduled income$54k
Vacancy & credit loss−$6k
Operating expenses−$14k
NOI · 795.55% cap applied$33k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
795.55%
$33k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMONROE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply18.1
Auto Parts Store17.3
Auto Repair Shop13.7

Location

633 N Morton St Bloomington, IN 47404
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4910 Lakeview, Bloomington, IN 47404-9623 $3,650,000 Jul 2022 7,200 SF
401 Gates, Bloomington, IN 47404-4824 $105,500 Apr 2021 7,952 SF
1302 Enterprise, Bloomington, IN 47404-2592 $550,000 Apr 2021 9,375 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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