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    Property profile & analytics

    707 Industrial Dr Morristown, IN 46161-9616

    • Industrial properties
    • 19,950 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Location Intelligence
    Property ID
    US31-1933915
    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

    • Foc Heating & Cooling LLC / Air Conditioning Contractor
    • JJJ Container Services / Shipping Service

    Property Details for 707 Industrial Dr

    Year built
    1992
    Construction
    WOOD
    Lot size
    0.78 lot acres
    Property size
    19,950 SF
    Property type
    Industrial properties
    APN
    73-04-07-300-025.000-008
    APU
    730407300025000008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $250,000
      6.5%
      $255,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $235,000
      Mixed-Use
      $300,000
      Hospitality
      $320,000
      Educational
      $310,000
      Residential Income
      $270,000
      Energy
      $320,000
      Income-Based Land
      $285,000
      Food Service
      $305,000

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Shelby
    State
    Indiana
    Longitude
    -85.6807
    Latitude
    39.6753
    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
    $6,355
    $17,000
    $276,800
    $293,800
    -
    $17,000
    $276,800
    $293,800

    Comparable in this City

    • Value Estimation by Request
      1,530 SF

      10140 Blue Riv Rd

      INDUSTRIAL (GENERAL) • 1,530 SF
      10140 Blue Riv Rd, Morristown, IN 46161
      View Details
    • Value Estimation by Request
      9.36 Acres

      780 Industrial Dr

      INDUSTRIAL (GENERAL) • 9.36 Acres
      780 Industrial Dr, Morristown, IN 46161-9616
      View Details
    • Value Estimation
      $85,000
      3,600 SF

      444 En St

      INDUSTRIAL (GENERAL) • 3,600 SF
      444 En St, Morristown, IN 46161-9769
      View Details
    • Value Estimation by Request
      2.00 Acres

      805 Industrial Dr

      INDUSTRIAL (GENERAL) • 2.00 Acres
      805 Industrial Dr, Morristown, IN 46161-9658
      View Details
    • Value Estimation by Request
      1,712 SF

      404 Midway St

      INDUSTRIAL (GENERAL) • 1,712 SF
      404 Midway St, Morristown, IN 46161-4629
      View Details
    • Value Estimation by Request
      16,524 SF

      700 Range Line Rd

      HEAVY INDUSTRIAL • 16,524 SF
      700 Range Line Rd, Morristown, IN 46161-9643
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      View Details
    • $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
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    • $695,000
      10,390 SF

      Versatile Commercial Shop with Storage

      6,400 SF commercial shop with office and storage on 0.88 acres.
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    • $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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    707 Industrial Dr
    Morristown, IN 46161-9616
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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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