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    Property profile & analytics

    129 Water St Portland, IN 47371-2110

    • Office Properties & Spaces
    • 961 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-1465291
    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 129 Water St

    Year built
    1954
    Construction
    WOOD
    Lot size
    0.40 lot acres
    Property size
    961 SF
    Property type
    Office Properties & Spaces
    APN
    38-07-21-302-004.000-034
    APU
    380721302004000034

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Jay
    State
    Indiana
    Longitude
    -84.9764
    Latitude
    40.4321

    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
    $1,242
    $15,400
    $24,600
    $40,000
    -
    $15,400
    $24,600
    $40,000

    Comparable in this City

    • Value Estimation by Request
      1,706 SF

      141 Main St

      OFFICE (GENERAL) • 1,706 SF
      141 Main St, Portland, IN 47371-2104
      View Details
    • Value Estimation by Request
      1,171 SF

      115 Main St

      OFFICE (GENERAL) • 1,171 SF
      115 Main St, Portland, IN 47371-2104
      View Details
    • Value Estimation by Request
      5,608 SF

      2875 200th S

      OFFICE (GENERAL) • 5,608 SF
      2875 200th S, Portland, IN 47371-7706
      View Details
    • Value Estimation by Request
      9,848 SF

      1314 Meridian St

      OFFICE (GENERAL) • 9,848 SF
      1314 Meridian St, Portland, IN 47371-1068
      View Details
    • Value Estimation by Request
      27,784 SF

      High At N Ship St

      OFFICE (GENERAL) • 27,784 SF
      High At N Ship St, Portland, IN 47371
      View Details
    • Value Estimation
      $455,000
      16,128 SF

      1758 100th S

      OFFICE (GENERAL) • 16,128 SF
      1758 100th S, Portland, IN 47371-8204
      View Details

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      0.69 Acres

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      Newer Medical Construction For Sale

      State-of-the-art urgent care location with long-term NNN lease.
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    Similar Nearby for Lease

    • Contact for pricing
      179 SF

      Portland Office Space: 179 sq ft

      Prime downtown Portland office, perfect for small businesses.
      112 Meridian St, Portland, IN 47371
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    • $144 SF/Yr
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      Portland Executive Office Suite

      Prime Portland Office, 1207 sq ft
      112 Meridian St, Portland, IN 47371
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    129 Water St
    Portland, IN 47371-2110
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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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