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    Property profile & analytics

    1209 Heaton St Knox, IN 46534-2311

    • Grocery and convenience stores
    • 47,628 SF
    • 4.00 lot acres
    OFF-MARKET
    Value Estimation
    $780,000
    Location Intelligence
    Property ID
    US31-1121142
    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

    • Grocery and convenience stores

    Property Details for 1209 Heaton St

    Year built
    1971
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.00 lot acres
    Property size
    47,628 SF
    Property type
    Grocery and convenience stores
    APN
    75-06-27-202-005.400-004
    APU
    750627202005400004

    Description

    This exceptional 85,406 square foot shopping center, built in 1975, presents a compelling investment opportunity. Located on a 10-acre lot in the heart of Knox, Indiana, at 1209 S Heaton St, 46534, this fully occupied Class B property boasts a diverse tenant mix. The center benefits from a strategic location near the intersection of two state highways, ensuring high visibility and traffic flow. This prime location is considered the best in Starke County for retail, supported by strong traffic counts. Two anchor tenants, Family Dollar and Tractor Supply Co., are secured with long-term leases, alongside several other businesses. Smaller spaces are enclosed, while larger tenants enjoy individual outdoor entrances. Ample parking is available for customers and employees. The property's commercial zoning allows for flexibility and future growth potential. Its proximity to Northwest Health Medical Center, Knox Community Elementary and High Schools, and various restaurants further enhances its desirability. The asking price is $5,698,000, with a price per square foot of $66.72. This represents a strong return on investment in a thriving retail market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $745,000

    • CAP approach

      CAP return
      Estimation
      6%
      $945,000
      6.5%
      $930,000
      7%
      $915,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,015,000
      Geo Method
      $920,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $980,000
      Retail
      $1,015,000
      Mixed-Use
      $1,050,000
      Hospitality
      $875,000
      Educational
      $845,000
      Residential Income
      $1,065,000
      Energy
      $940,000
      Income-Based Land
      $1,095,000
      Food Service
      $930,000

    Location Insight

    • Map
    • Local Demand
    City
    Knox
    County
    Starke
    State
    Indiana
    Longitude
    -86.6222
    Latitude
    41.2852

    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
    $34,698
    $380,000
    $793,300
    $1,173,300
    -
    $380,000
    $793,300
    $1,173,300

    Comparable in this City

    • Value Estimation by Request
      28,583 SF

      2580 2616th S

      GROCERY, SUPERMARKET • 28,583 SF
      2580 2616th S, Knox, IN 46534
      View Details
    • Value Estimation
      $415,000
      5,068 SF

      802 Heaton St

      CONVENIENCE STORE • 5,068 SF
      802 Heaton St, Knox, IN 46534-2041
      View Details
    • Value Estimation
      $250,000
      0.28 Acres

      910 Heaton St

      CONVENIENCE STORE (W/FUEL PUMP) • 0.28 Acres
      910 Heaton St, Knox, IN 46534-2043
      View Details
    • Value Estimation by Request
      0.07 Acres

      Heaton

      CONVENIENCE STORE (W/FUEL PUMP) • 0.07 Acres
      Heaton, Knox, IN 46534
      View Details
    • Value Estimation by Request
      0.13 Acres

      Heaton

      CONVENIENCE STORE (W/FUEL PUMP) • 0.13 Acres
      Heaton, Knox, IN 46534
      View Details
    • Value Estimation
      $300,000
      3,696 SF

      910 Heaton St

      CONVENIENCE STORE • 3,696 SF
      910 Heaton St, Knox, IN 46534-2043
      View Details

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    1209 Heaton St
    Knox, IN 46534-2311
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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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