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Property profile & analytics
OFF-MARKET
Estimated value
$6,380,000
Warehouses
885 American Way Boonville, IN 47601-8600
Entity Owned
18-yr Hold
Free & Clear
Property ID
US31-3242449
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
84,790 SF
Lot
8.82 ac (384,199 SF)
APN
87-09-33-211-002.000-003
UPID
US31-3242449
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
Current use
Occupant on record · Public records
-
Prime Foods, LLC Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.35M
Comparable Approach
Comparable
$5.41M
Blend (final)
Blend
$6.38M
Owner & transaction history
Prime Foods INC · 18 yrs held
Prime Foods INC
since 2008
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.1M
+119.3%
Restaurant
$7.4M
+100.1%
Commercial (general)
$6.5M
+76.4%
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 Boonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boonville 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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,960,000
6.5%
$7,345,000
7%
$6,820,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,105,000
Change: +119% · Conversion: Moderate
RESTAURANT
$7,390,000
Change: +100% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,515,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,095,000
Change: +38% · Conversion: Easy
RETAIL STORES
$4,750,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$4,620,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$6.38M
Range $5.74M – $7.02M · ±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
$75 / 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
$40,761
Tax year 2023
Assessed value
$3,649,100
Assessed 2023
Previous assessed
$3,649,100
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$464,400
Assessed improvement
$3,184,700
Land market value
$464,400
Improvement market value
$3,184,700
Total market value
$3,649,100
Applied tax rate
11.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
84,790 SF
Lot
8.82 ac (384,199 SF)
APN
87-09-33-211-002.000-003
UPID
US31-3242449
Jurisdiction
WARRICK
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
RESTAURANT
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RETAIL STORES
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
8.82 ac
Current owner
From public records · entity-resolved
Prime Foods INC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 718, BOONVILLE, IN 47601-0718
Ownership since
2008
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
Sep 23, 2021
—
Prime Foods INC
—
Deed
related
$14,000,000 · Farm Credit Mid America Pca
Sep 22, 2021
—
Prime Foods INC
—
Deed
related
$15,990,000 · Farm Credit Mid America Flca
Jun 3, 2008
—
Prime Foods INC
Warrick County Redevelopment Commis
Warranty Deed
—
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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