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Property profile & analytics
OFF-MARKET
Industrial properties
688 Tower Rd, Plainfield, IN 46168-8752
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-1091139
Property summary
AI-generated overview
This freestanding industrial building, located at 688 Tower Road, Plainfield, IN 46168, offers 12,000 square feet of space on a 1.31-acre lot. The property, built in 1993, is zoned I-2 and situated in the Plainfield submarket of Hendricks County. It features a single tenancy, making it ideal for businesses seeking sole occupancy. The building boasts a 15.5-foot ceiling height, enhancing storage and operational efficiency. Loading and unloading are facilitated by two loading docks and six drive-in doors. The area north of the drive-in doors is secured with fencing. Ample parking is available with 17 spaces. Approximately 2,000 square feet of the total area is dedicated to office space, providing a functional blend of warehouse and administrative areas. The property's convenient location near the US Post Office on Carr Road adds to its appeal. This versatile warehouse/distribution/flex space presents a significant opportunity for businesses seeking a well-equipped and strategically located facility in Plainfield, Indiana.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1995
Construction
WOOD
Total area
11,700 SF
Lot
1.31 ac (57,064 SF)
APN
32-10-26-188-002.000-012
UPID
US31-1091139
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pbc Properties LLC · 1 yrs held
Pbc Properties LLC
since 2024
3 recorded transactions
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 Plainfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainfield 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,314
Tax year 2023
Assessed value
$367,000
Assessed 2023
Previous assessed
$367,000
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$124,800
Assessed improvement
$242,200
Land market value
$124,800
Improvement market value
$242,200
Total market value
$367,000
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
NONE
Stories
1
Total area
11,700 SF
Lot
1.31 ac (57,064 SF)
APN
32-10-26-188-002.000-012
UPID
US31-1091139
Jurisdiction
HENDRICKS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Pbc Properties LLC
Entity
Mailing address
728 CHRISTIN CT, PLAINFIELD, IN 46168-2090
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
—
Pbc Properties LLC
Cloe Properties LLC
Warranty Deed
$787,500 · North Salem State Bank
Jun 10, 2020
—
Cloe Properties LLC
—
Deed
related
$450,000 · Old National Bank
Jun 27, 2008
—
Cloe Properties LLC
Clossey Richardville LLC
Warranty Deed
$254,000 · Community South Bank
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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