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    Property profile & analytics

    1223 State St New Albany, IN 47150-4887

    • Retail space
    • 3,520 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Last Sale
    Oct 17, 2024
    Location Intelligence
    Property ID
    US31-1571145
    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

    • Cake Ladies Dream Shoppe / Bakery Equipment

    Property Details for 1223 State St

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.83 lot acres
    Property size
    3,520 SF
    Property type
    Retail space
    APN
    22-05-03-400-178.000-008
    APU
    220503400178000008

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.8302
    Latitude
    38.2957
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-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
    $5,095
    $73,700
    $53,600
    $127,300
    -
    $73,700
    $53,600
    $127,300

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      2539 Charlestown Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.19 Acres
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      View Details
    • Value Estimation by Request
      1,062 SF

      319 Spg St

      RETAIL STORES (PERSONAL SERVICES) • 1,062 SF
      319 Spg St, New Albany, IN 47150-3424
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    • Value Estimation by Request
      916 SF

      1619 Main St

      RETAIL STORES (PERSONAL SERVICES) • 916 SF
      1619 Main St, New Albany, IN 47150-5733
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    • Value Estimation by Request
      5,730 SF

      324 Market St

      RETAIL STORES (PERSONAL SERVICES) • 5,730 SF
      324 Market St, New Albany, IN 47150-3414
      View Details
    • Value Estimation by Request
      4,872 SF

      3095 Blackiston Ml Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,872 SF
      3095 Blackiston Ml Rd, New Albany, IN 47150-9578
      View Details
    • Value Estimation by Request
      2,500 SF

      222 Spg St

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      222 Spg St, New Albany, IN 47150-3625
      View Details

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    1223 State St
    New Albany, IN 47150-4887
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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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