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    Property profile & analytics

    117 Main St Delphi, IN 46923-1522

    • Residential income homes
    • 6,048 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Location Intelligence
    Property ID
    US31-0862480
    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

    • Stone House Restaurant / American Restaurant / Bakery

    Property Details for 117 Main St

    Year built
    1874
    Construction
    WOOD
    Lot size
    0.05 lot acres
    Property size
    6,048 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    08-06-29-020-037.000-007
    APU
    80629020037000007

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $360,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $305,000
      Geo Method
      $310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $375,000
      Mixed-Use
      $300,000
      Hospitality
      $285,000
      Educational
      $330,000
      Residential Income
      $290,000
      Energy
      $295,000
      Income-Based Land
      $295,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Delphi
    County
    Carroll
    State
    Indiana
    Longitude
    -86.6734
    Latitude
    40.5867
    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
    2022
    $2,165
    $9,200
    $108,100
    $117,300
    -
    $9,200
    $108,100
    $117,300

    Comparable in this City

    • Value Estimation
      $295,000
      2,814 SF

      111 Franklin St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,814 SF
      111 Franklin St, Delphi, IN 46923-1201
      View Details
    • Value Estimation
      $305,000
      4,920 SF

      120 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,920 SF
      120 Main St, Delphi, IN 46923-1664
      View Details
    • Value Estimation by Request
      4,224 SF

      3208 925th W

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,224 SF
      3208 925th W, Delphi, IN 46923-9538
      View Details
    • Value Estimation
      $285,000
      5,554 SF

      115 Un St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,554 SF
      115 Un St, Delphi, IN 46923-1206
      View Details
    • Value Estimation
      $295,000
      5,040 SF

      117 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,040 SF
      117 Main St, Delphi, IN 46923-1522
      View Details
    • Value Estimation
      $280,000
      4,000 SF

      118 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,000 SF
      118 Main St, Delphi, IN 46923-1556
      View Details

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    • $3,000,000
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      Delphi, IN CVS Pharmacy NNN Lease

      High-yield CVS Pharmacy investment. Strong tenant, long lease.
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    Similar Nearby for Lease

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      2,947 SF

      Delphi Retail/Restaurant Space Available

      Retail or restaurant space with drive-up window and ample parking.
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      10,944 SF

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    117 Main St
    Delphi, IN 46923-1522
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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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