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    Property profile & analytics

    114 Water St Bluffton, IN 46714-2029

    • Turn key restaurants
    • 2,400 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Location Intelligence
    Property ID
    US31-2232472
    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

    • Turn key restaurants

    Property Details for 114 Water St

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.03 lot acres
    Property size
    2,400 SF
    Property type
    Turn key restaurants
    APN
    90-08-04-539-392.000-004
    APU
    900804539392000004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $355,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $345,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $295,000
      Mixed-Use
      $340,000
      Hospitality
      $320,000
      Educational
      $375,000
      Residential Income
      $385,000
      Energy
      $370,000
      Income-Based Land
      $380,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Bluffton
    County
    Wells
    State
    Indiana
    Longitude
    -85.1722
    Latitude
    40.7413
    CBSA code
    14160
    CBSA name
    BLUFFTON, 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
    $1,955
    $3,800
    $98,000
    $101,800
    -
    $3,800
    $98,000
    $101,800

    Comparable in this City

    • Value Estimation by Request
      3,590 SF

      995 Main St

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      995 Main St, Bluffton, IN 46714-1317
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      $90,000
      1,164 SF

      1263 Main St

      RESTAURANT • 1,164 SF
      1263 Main St, Bluffton, IN 46714-3904
      View Details
    • Value Estimation
      $375,000
      2,358 SF

      628 Main St

      RESTAURANT • 2,358 SF
      628 Main St, Bluffton, IN 46714-1310
      View Details
    • Value Estimation
      $470,000
      2,010 SF

      960 Main St

      RESTAURANT • 2,010 SF
      960 Main St, Bluffton, IN 46714-1316
      View Details
    • Value Estimation by Request
      4,234 SF

      984 Main St

      RESTAURANT • 4,234 SF
      984 Main St, Bluffton, IN 46714-1316
      View Details
    • Value Estimation
      $355,000
      4,028 SF

      105 Charles Deam Ct

      RESTAURANT • 4,028 SF
      105 Charles Deam Ct, Bluffton, IN 46714-1347
      View Details

    Similar Nearby for Sale

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      Residential land for sale in a desirable Bluffton location.
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      Residential land for sale in a desirable Bluffton location.
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      Residential Land in Bluffton, Indiana

      Residential land for sale, exclusive builder agreement required.
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      Bluffton Land Ready For Development

      Vacant land near retail and residential areas in Bluffton.
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    Similar Nearby for Lease

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      Retail suites available in highly visible Bluffton location.
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      Bluffton Office Space Available

      Two-story office space with private offices and open workspaces.
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      Bluffton Industrial Space For Lease

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      Versatile Educational Facility with Gym

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    Property Visit Statistics

    • Visits by month
      107
    • Visitors by month
      165
    • Avg Time on site
      31 min
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    114 Water St
    Bluffton, IN 46714-2029
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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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