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    Property profile & analytics

    12026 State Rd 15 North Manchester, IN 46962-8602

    • Turn key restaurants
    • 2,000 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 05, 2025
    Location Intelligence
    Property ID
    US31-1930596
    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 12026 State Rd 15

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.57 lot acres
    Property size
    2,000 SF
    Property type
    Turn key restaurants
    APN
    85-02-31-400-016.000-012
    APU
    850231400016000012

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Manchester
    County
    Wabash
    State
    Indiana
    Longitude
    -85.8909
    Latitude
    40.9998
    CBSA code
    47340
    CBSA name
    WABASH, 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
    $952
    $18,500
    $54,400
    $72,900
    -
    $18,500
    $54,400
    $72,900

    Comparable in this City

    • Value Estimation
      $305,000
      2,102 SF

      1210 State Rd 114th W

      RESTAURANT • 2,102 SF
      1210 State Rd 114th W, North Manchester, IN 46962-1946
      View Details
    • Value Estimation
      $305,000
      4,620 SF

      402 Wabash Rd

      RESTAURANT • 4,620 SF
      402 Wabash Rd, North Manchester, IN 46962-1491
      View Details
    • Value Estimation
      $310,000
      2,675 SF

      206 Walnut St

      RESTAURANT • 2,675 SF
      206 Walnut St, North Manchester, IN 46962-1846
      View Details
    • Value Estimation by Request
      2,760 SF

      215 Main St

      RESTAURANT • 2,760 SF
      215 Main St, North Manchester, IN 46962-1824
      View Details
    • Value Estimation
      $380,000
      3,416 SF

      1702 State Rd 114th W

      RESTAURANT • 3,416 SF
      1702 State Rd 114th W, North Manchester, IN 46962-1937
      View Details
    • Value Estimation
      $340,000
      2,666 SF

      1305 State Rd 114th W

      RESTAURANT • 2,666 SF
      1305 State Rd 114th W, North Manchester, IN 46962-1943
      View Details

    Similar Nearby for Sale

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    • $299,900
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      North Manchester Church with Playground

      Former church with large parking lot and enclosed playground.
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    • Contact for pricing
      Pending

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    Similar Nearby for Lease

    • $4 SF/Yr

      Retail Space in North Manchester

      Retail spaces with long-term anchor tenants, great visibility.
      1204 S.r. 114 W, North Manchester, IN 46962
      View Details
    • $2 SF/Yr
      68,104 SF

      North Manchester Industrial Property

      68,104 SF Manufacturing Space, Indiana
      801 South St, North Manchester, IN 46962
      View Details
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    12026 State Rd 15
    North Manchester, IN 46962-8602
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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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