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    Property profile & analytics

    11505 Us Hwy 231st S Romney, IN 47981

    • Retail space
    • 2,240 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 03, 2024
    $13,000
    Location Intelligence
    Property ID
    US31-1041491
    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 11505 Us Hwy 231st S

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    2,240 SF
    Property type
    Retail space
    APN
    79-15-20-301-002.000-011
    APU
    791520301002000011

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Romney
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.9035
    Latitude
    40.2511
    CBSA code
    29200
    CBSA name
    LAFAYETTE-WEST LAFAYETTE, 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
    $564
    $8,400
    $28,600
    $37,000
    -
    $8,400
    $28,600
    $37,000

    Comparable in this City

    • Value Estimation by Request
      280 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES) • 280 SF
      Main St, Romney, IN 47981
      View Details
    • Value Estimation by Request
      917 SF

      11440 Us Hwy 231st S

      RETAIL STORES (PERSONAL SERVICES) • 917 SF
      11440 Us Hwy 231st S, Romney, IN 47981-9641
      View Details
    • Value Estimation by Request
      3,436 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,436 SF
      Main St, Romney, IN 47981
      View Details
    • Value Estimation
      $320,000
      3,600 SF

      4 State Rd 28th W

      RESTAURANT • 3,600 SF
      4 State Rd 28th W, Romney, IN 47981-9627
      View Details
    • Value Estimation
      $310,000
      8,736 SF

      21 1150th S

      RESTAURANT • 8,736 SF
      21 1150th S, Romney, IN 47981-9601
      View Details
    • Value Estimation by Request
      1.51 Acres

      5 State Rd 28th W

      VEHICLE SALES, RENTALS • 1.51 Acres
      5 State Rd 28th W, Romney, IN 47981
      View Details

    Similar Nearby for Sale

    • $150,000
      2.00 Acres

      Two Acre Blufftop Building Site

      Two-acre residential land with Wea Creek overlook in Tippecanoe County.
      10512 Us 231 Hwy South, Romney, IN 47981
      View Details
    • $325,000

      Tillable Farmland Parcel For Sale

      17.8-acre tillable farmland parcel with potential for crops or estate.
      No St, Romney, IN 47981
      View Details
    • $130,000
      1.53 Acres

      Residential Land in Romney, Indiana

      1.5+ acre blufftop building site in southern Tippecanoe County.
      10520 Us 231 Hwy South, Romney, IN 47981
      View Details
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    11505 Us Hwy 231st S
    Romney, IN 47981
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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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