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    Property profile & analytics

    406 Day Ln Depauw, IN 47115

    • Commercial real estate
    • 1,350 SF
    • 0.66 lot acres
    For Sale
    View listing
    $90,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-1459004
    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

    • Commercial real estate

    Property Details for 406 Day Ln

    Year built
    2011
    Construction
    WOOD
    Lot size
    0.66 lot acres
    Property size
    1,350 SF
    Property type
    Commercial real estate
    APN
    31-04-14-331-004.000-002
    APU
    310414331004000002

    Description

    This exceptional business opportunity in Depauw, Indiana, presents a well-established auto repair shop situated on a 0.72-acre lot just off State Road 64, offering excellent visibility. The main building, a sturdy all-metal structure measuring 30 feet by 45 feet, boasts a double-insulated roof, concrete floors, and three spacious bays (15x30, 15x30, and 15x20). Included in the sale is a newer 10,000-pound electric lift and a large air compressor, essential tools for any auto repair business. The shop also features a convenient office space and bathroom facilities, ensuring comfort and efficiency for both staff and clients. Heating is provided by a natural gas furnace. Adding to the property's versatility is a second metal building, 20 feet by 30 feet, equipped with an overhead door and built-in shelving, ideal for additional storage or potential conversion to another use. A substantial poured concrete pad (18x21) near the main building provides further space for expansion or additional parking. The ample 0.72-acre lot offers significant room for growth and future development. This property is listed below appraised value, presenting a compelling investment opportunity. The location, just outside Milltown in Harrison County, provides easy access to State Road 64, ensuring high visibility and convenient access for customers. Don't miss this chance to acquire a well-equipped and strategically located business property.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Depauw
    County
    Harrison
    State
    Indiana
    Longitude
    -86.2632
    Latitude
    38.3425
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-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
    $3,083
    $22,800
    $82,900
    $105,700
    -
    $22,800
    $82,900
    $105,700

    Comparable in this City

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    • Value Estimation by Request
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      5990 Loudens Chapel NW Rd

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    • Value Estimation
      $390,000
      10,500 SF

      8550 Hwy 337th NW

      COMMERCIAL (GENERAL) • 10,500 SF
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      8980 Main NW St

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    • Value Estimation by Request
      2,016 SF

      8985 Main NW St

      COMMERCIAL (GENERAL) • 2,016 SF
      8985 Main NW St, Depauw, IN 47115-9368
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    Similar Nearby for Sale

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    406 Day Ln
    Depauw, IN 47115
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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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