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    Property profile & analytics

    11012 State Rd 47 Waveland, IN 47989

    • Retail space
    • 2,164 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 16, 2022
    Location Intelligence
    Property ID
    US31-1384089
    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

    • Retail space

    Property Details for 11012 State Rd 47

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.71 lot acres
    Property size
    2,164 SF
    Property type
    Retail space
    APN
    54-13-36-221-003.000-006
    APU
    541336221003000006

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waveland
    County
    Montgomery
    State
    Indiana
    Longitude
    -87.0476
    Latitude
    39.8811
    CBSA code
    18820
    CBSA name
    CRAWFORDSVILLE, IN MICROPOLITAN 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
    $1,280
    $22,600
    $40,600
    $63,200
    -
    $22,600
    $40,600
    $63,200

    Comparable in this City

    • Value Estimation by Request
      4,008 SF

      202 Cross St

      RETAIL STORES (PERSONAL SERVICES) • 4,008 SF
      202 Cross St, Waveland, IN 47989
      View Details
    • Value Estimation by Request
      2,070 SF

      8295 State Rd 234

      RETAIL STORES (PERSONAL SERVICES) • 2,070 SF
      8295 State Rd 234, Waveland, IN 47989-8129
      View Details
    • Value Estimation
      $345,000
      8,748 SF

      212 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,748 SF
      212 Main St, Waveland, IN 47989
      View Details
    • Value Estimation by Request
      600 SF

      280 Cross St

      RETAIL STORES (PERSONAL SERVICES) • 600 SF
      280 Cross St, Waveland, IN 47989
      View Details
    • Value Estimation
      $405,000
      4,380 SF

      7951 State Rd 47

      RETAIL STORES (PERSONAL SERVICES) • 4,380 SF
      7951 State Rd 47, Waveland, IN 47989-7500
      View Details
    • Value Estimation by Request
      4,050 SF

      205 Cross St

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
      205 Cross St, Waveland, IN 47989
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Residential Lots on Golf Course

      Residential lots backing up to Turkey Run Golf Club.
      000 Wittek Ln, Waveland, IN 47989
      View Details
    • $75,000
      0.46 Acres

      Lakefront Lot in Parke County

      Undeveloped lot with lake access and stunning views.
      76 Millers Pl East, Waveland, IN 47989
      View Details
    • $75,000
      0.46 Acres

      Lakefront Residential Lot in Waveland

      Undeveloped lot with direct water access and stunning lake views.
      75 Millers Pl East, Waveland, IN 47989
      View Details
    • $50,000
      0.46 Acres

      Residential Development Opportunity in Waveland

      Land in Parke County near Waveland Lake and Shades State Park.
      9264 N Byron Ln, Waveland, IN 47989
      View Details
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    11012 State Rd 47
    Waveland, IN 47989
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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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