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    Property profile & analytics

    123 Meridian St Sunman, IN 47041-9134

    • Residential income homes
    • 3,768 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Location Intelligence
    Property ID
    US31-0943103
    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

    • Residential income homes

    Property Details for 123 Meridian St

    Year built
    1891
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    3,768 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    69-07-16-222-035.000-004
    APU
    690716222035000004

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sunman
    County
    Ripley
    State
    Indiana
    Longitude
    -85.0944
    Latitude
    39.2361

    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
    $1,762
    $1,900
    $86,200
    $88,100
    -
    $1,900
    $86,200
    $88,100

    Comparable in this City

    • Value Estimation
      $365,000
      6,570 SF

      9809 Dearborn Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,570 SF
      9809 Dearborn Rd, Sunman, IN 47041
      View Details
    • Value Estimation by Request
      6,168 SF

      27698 Temple Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,168 SF
      27698 Temple Dr, Sunman, IN 47041
      View Details
    • Value Estimation
      $300,000
      2,124 SF

      512 Meridian St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,124 SF
      512 Meridian St, Sunman, IN 47041
      View Details
    • Value Estimation
      $335,000
      2,768 SF

      7523 County Rd 1250th N

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,768 SF
      7523 County Rd 1250th N, Sunman, IN 47041-7985
      View Details
    • Value Estimation by Request
      2.00 Acres

      310 Western Ave

      MOBILE HOME PARK, TRAILER PARK • 2.00 Acres
      310 Western Ave, Sunman, IN 47041-7737
      View Details
    • Value Estimation by Request
      2.87 Acres

      8166 State Rd 101

      VACANT COMMERCIAL LAND • 2.87 Acres
      8166 State Rd 101, Sunman, IN 47041
      View Details

    Similar Nearby for Sale

    • $349,000
      0.16 Acres

      Mixed-Use Property in Downtown Sunman

      Mixed-use property with restaurant and apartments in downtown Sunman.
      119 S Meridian St, Sunman, IN 47041
      View Details
    • New
      $35,000
      7,220 SF

      Sunman Multifamily Building with Potential

      Multi-family building in Sunman, Indiana, needing complete renovation.
      105 S Meridian St, Sunman, IN 47041
      View Details
    • $649,900
      0.35 Acres

      Sunman, IN Retail Opportunity

      Thriving restaurant with apartment and potential for additional income.
      104 S Meridian St, Sunman, IN 47041
      View Details
    • $250,000
      10.00 Acres

      Residential Lot Ready to Build

      10-acre residential lot near Batesville, Indiana, ready for construction.
      County Road 1575 N, Batesville, IN 47041
      View Details
    • $525,000
      9,900 SF

      Versatile Warehouse Space in Sunman

      Adaptable warehouse with office space and multiple entry points.
      215 Nieman St, Sunman, IN 47041
      View Details
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    123 Meridian St
    Sunman, IN 47041-9134
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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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