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Property profile & analytics
OFF-MARKET Estimated value $2,695,000
Manufacturing properties

801 Berryman Pike Tipton, IN 46072-8492

178,622 SF 9.56 ac lot Built 1945
Entity Owned Free & Clear
Property ID
US31-1375336
Property summary
AI-generated overview

This exceptional 182,238-square-foot industrial facility in Tipton, Indiana, presents a compelling owner-user or investment opportunity. Located at 801 Berryman Pike, 46072, this Fee Simple property sits on a 9.56-acre lot and boasts a prominent position within Tipton County, making it the second-largest facility in the area. Built in 1946, the Class C building features a versatile layout previously used for steel manufacturing and stamping, adaptable to various high-production uses. The property offers seven grade-level and four dock-high overhead doors, ceiling heights ranging from 18 to 24 feet, and ample parking. Its I-2 zoning allows for expansion, and its proximity to a major US highway (less than 10 minutes away) provides excellent accessibility. The property includes 3-phase electrical service and is situated near rail service. Recently vacated, this building is immediately available for occupancy, offering a rare chance to acquire one of Tipton County's largest industrial buildings. The asking price is $3,500,000, translating to $19.21 per square foot. This represents a significant value-add opportunity for a discerning buyer seeking a substantial industrial space in a growing market. The property's size, location, and features make it ideal for a variety of industrial operations.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1945
Construction TYPE NOT SPECIFIED
Total area 178,622 SF
Lot 9.56 ac (416,434 SF)
APN 80-11-02-300-023.000-002
UPID US31-1375336
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
$2.70M
Owner & transaction history
STEEL PARTS MANUFACTURING INC T CONTROLLER
STEEL PARTS MANUFACTURING INC T CONTROLLER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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