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    Property profile & analytics

    119 Madison St Tipton, IN 46072-1833

    • Office Properties & Spaces
    • 504 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-1061359
    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

    • Hometown Barbershop / Barber Shop
    • Tipton County Chamber of Commerce / Chamber Of Commerce

    Property Details for 119 Madison St

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.03 lot acres
    Property size
    504 SF
    Property type
    Office Properties & Spaces
    APN
    80-11-11-546-089.001-002
    APU
    801111546089001002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tipton
    County
    Tipton
    State
    Indiana
    Longitude
    -86.0419
    Latitude
    40.2808
    CBSA code
    29020
    CBSA name
    KOKOMO, 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
    $840
    $5,900
    $22,100
    $28,000
    -
    $5,900
    $22,100
    $28,000

    Comparable in this City

    • Value Estimation by Request
      757 SF

      118 Es St

      OFFICE (GENERAL) • 757 SF
      118 Es St, Tipton, IN 46072-2040
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    • Value Estimation by Request
      5,874 SF

      Wastewater Treatment Plant

      OFFICE (GENERAL) • 5,874 SF
      Wastewater Treatment Plant, Tipton, IN 46072
      View Details
    • Value Estimation by Request
      23,811 SF

      127 Madison St

      OFFICE (GENERAL) • 23,811 SF
      127 Madison St, Tipton, IN 46072-1923
      View Details
    • Value Estimation
      $310,000
      2,366 SF

      120 Ash St

      OFFICE (GENERAL) • 2,366 SF
      120 Ash St, Tipton, IN 46072-1703
      View Details
    • Value Estimation
      $305,000
      3,000 SF

      701 Jefferson St

      OFFICE (GENERAL) • 3,000 SF
      701 Jefferson St, Tipton, IN 46072-1856
      View Details
    • Value Estimation
      $310,000
      1,200 SF

      425 Jefferson St

      OFFICE (GENERAL) • 1,200 SF
      425 Jefferson St, Tipton, IN 46072-1915
      View Details

    Similar Nearby for Sale

    • $3,600,000
      4.00 Acres

      In-28

      Farms • 2,623,837 SF
      0 In-28, Tipton, IN 46072
      View Details
    • New
      $35,000
      Pending

      Residential Land in Tipton County

      Residential land in Tipton, Indiana, bordered by farm fields.
      8762 W 400 South, Tipton, IN 46072
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    • $450,000
      10.00 Acres

      Tipton Land Ready For Development

      10 acres of land annexed into the city of Tipton.
      1030 E Jefferson St, Tipton, IN 46072
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    • $450,000
      10.00 Acres

      Commercial Land in Growing Tipton

      10 acres of annexed land suitable for multiple development types.
      1130 E Jefferson Hwy, Tipton, IN 46072
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    • Contact for pricing

      Highway Frontage Farmland Opportunity

      85.2 acres of farmland with highway frontage.
      600 W 600 S|, Tipton, IN 46072
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    • Contact for pricing
      137.00 Acres

      137 Acres Tipton, IN Commercial Land

      Divisible land, prime location, high traffic.
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    119 Madison St
    Tipton, IN 46072-1833
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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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