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    Property profile & analytics

    121 3rd St Gas City, IN 46933-1418

    • Office Properties & Spaces
    • 1,040 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 14, 2022
    Location Intelligence
    Property ID
    US31-3216053
    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

    • Kylie Sonner, Nicholson Realty 2.0 LLC / Real Estate Agent
    • Cassie Ervin, Nicholson Realty 2.0 / Real Estate Agent
    • Nicholson Realty 2.0 LLC / Real Estate Agency

    Property Details for 121 3rd St

    Year built
    1952
    Construction
    WOOD
    Lot size
    0.05 lot acres
    Property size
    1,040 SF
    Property type
    Office Properties & Spaces
    APN
    27-07-34-203-240.001-018
    APU
    270734203240001018

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gas City
    County
    Grant
    State
    Indiana
    Longitude
    -85.6113
    Latitude
    40.4886
    CBSA code
    31980
    CBSA name
    MARION, 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
    $1,146
    $7,700
    $30,500
    $38,200
    -
    $7,700
    $30,500
    $38,200

    Comparable in this City

    • Value Estimation
      $300,000
      1,188 SF

      138 Main St

      OFFICE (GENERAL) • 1,188 SF
      138 Main St, Gas City, IN 46933-1463
      View Details
    • Value Estimation
      $345,000
      7,200 SF

      6040 500th S

      OFFICE (GENERAL) • 7,200 SF
      6040 500th S, Gas City, IN 46933-9539
      View Details
    • Value Estimation by Request
      2,772 SF

      211 Main St

      OFFICE (GENERAL) • 2,772 SF
      211 Main St, Gas City, IN 46933-1457
      View Details
    • Value Estimation
      $335,000
      5,942 SF

      2015 Main St

      OFFICE (GENERAL) • 5,942 SF
      2015 Main St, Gas City, IN 46933-1636
      View Details
    • Value Estimation
      $355,000
      3,836 SF

      94 Schaffer Dr

      OFFICE (GENERAL) • 3,836 SF
      94 Schaffer Dr, Gas City, IN 46933-1642
      View Details
    • Value Estimation by Request
      156,564 SF

      1 Indian Trl Dr

      OFFICE (GENERAL) • 156,564 SF
      1 Indian Trl Dr, Gas City, IN 46933-1200
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.54 Acres

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      Gas City, IN prime commercial lots
      I-69 Rd, Gas City, IN 46933
      View Details
    • $1,487,000
      10,566 SF

      Dollar General NNN Investment Opportunity

      NNN Dollar General with corporate guaranty and zero landlord obligations.
      801 E Main St, Gas City, IN 46933
      View Details
    • $97,500
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      North Judson Agricultural Land Opportunity

      10+/- acre agricultural land near Bass Lake and Knox, IN.
      1 W 500 S, North Judson, IN 46933
      View Details
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    121 3rd St
    Gas City, IN 46933-1418
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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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