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    Property profile & analytics

    1242 Main St Monroe City, IN 47557-7356

    • Office Properties & Spaces
    • 37,344 SF
    • 9.38 lot acres
    OFF-MARKET
    Value Estimation
    $585,000
    Location Intelligence
    Property ID
    US31-1171842
    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

    • Office Properties & Spaces

    Property Details for 1242 Main St

    Year built
    1901
    Construction
    TYPE NOT SPECIFIED
    Lot size
    9.38 lot acres
    Property size
    37,344 SF
    Property type
    Office Properties & Spaces
    APN
    42-17-18-201-022.000-005
    APU
    421718201022000005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $545,000

    • CAP approach

      CAP return
      Estimation
      6%
      $770,000
      6.5%
      $690,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $795,000
      Geo Method
      $750,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $705,000
      Retail
      $750,000
      Mixed-Use
      $765,000
      Hospitality
      $870,000
      Educational
      $820,000
      Residential Income
      $850,000
      Energy
      $765,000
      Income-Based Land
      $865,000
      Food Service
      $750,000

    Location Insight

    • Map
    • Local Demand
    City
    Monroe City
    County
    Knox
    State
    Indiana
    Longitude
    -87.3496
    Latitude
    38.6101
    CBSA code
    47180
    CBSA name
    VINCENNES, 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
    $20
    $47,800
    $801,200
    $849,000
    -
    $47,800
    $801,200
    $849,000

    Comparable in this City

    • Value Estimation
      $335,000
      1,536 SF

      107 11th St

      OFFICE (GENERAL) • 1,536 SF
      107 11th St, Monroe City, IN 47557
      View Details
    • Value Estimation by Request
      2,584 SF

      910 Main St

      OFFICE (GENERAL) • 2,584 SF
      910 Main St, Monroe City, IN 47557
      View Details
    • Value Estimation
      $430,000
      400 SF

      5088 Small Rd

      OFFICE (GENERAL) • 400 SF
      5088 Small Rd, Monroe City, IN 47557
      View Details
    • Value Estimation by Request
      1,131 SF

      201 1st St

      OFFICE (GENERAL) • 1,131 SF
      201 1st St, Monroe City, IN 47557-7334
      View Details
    • Value Estimation by Request
      360 SF

      5345 Monroe School Rd

      OFFICE (GENERAL) • 360 SF
      5345 Monroe School Rd, Monroe City, IN 47557-7079
      View Details
    • Value Estimation
      $315,000
      7,832 SF

      9853 Hamlin Chapel Rd

      OFFICE (GENERAL) • 7,832 SF
      9853 Hamlin Chapel Rd, Monroe City, IN 47557
      View Details
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    1242 Main St
    Monroe City, IN 47557-7356
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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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