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    Property profile & analytics

    12724 State Rd 245 Lamar, IN 47550-7200

    • Commercial real estate
    • 9,720 SF
    • 26.73 lot acres
    OFF-MARKET
    Value Estimation
    $455,000
    Location Intelligence
    Property ID
    US31-1861822
    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

    • Commercial real estate

    Property Details for 12724 State Rd 245

    Year built
    1988
    Construction
    TYPE NOT SPECIFIED
    Lot size
    26.73 lot acres
    Property size
    9,720 SF
    Property type
    Commercial real estate
    APN
    74-05-24-100-008.000-004
    APU
    740524100008000004

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lamar
    County
    Spencer
    State
    Indiana
    Longitude
    -86.9073
    Latitude
    38.0707

    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
    $7,845
    $268,400
    $275,000
    $543,400
    -
    $268,400
    $275,000
    $543,400

    Comparable in this City

    • Value Estimation by Request
      40.00 Acres

      Crk 1100

      Land • 40.00 Acres
      0 Crk 1100, Lamar, IN 47550
      View Details
    • Value Estimation by Request
      76.93 Acres

      245 Sr

      COMMERCIAL (GENERAL) • 76.93 Acres
      245 Sr, Lamar, IN 47550
      View Details
    • Value Estimation by Request
      5,600 SF

      8022 1258th N

      COMMERCIAL (GENERAL) • 5,600 SF
      8022 1258th N, Lamar, IN 47550
      View Details
    • Value Estimation
      $240,000
      6,000 SF

      8180 County Rd 1300th N

      COMMERCIAL (GENERAL) • 6,000 SF
      8180 County Rd 1300th N, Lamar, IN 47550-7394
      View Details
    • Value Estimation by Request
      7,216 SF

      8180 County Rd 1300th N

      COMMERCIAL (GENERAL) • 7,216 SF
      8180 County Rd 1300th N, Lamar, IN 47550-7394
      View Details
    • Value Estimation by Request
      2,415 SF

      245 Sr

      COMMERCIAL (GENERAL) • 2,415 SF
      245 Sr, Lamar, IN 47550
      View Details
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    12724 State Rd 245
    Lamar, IN 47550-7200
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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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