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    Property profile & analytics

    1321 Main St Lapel, IN 46051-9673

    • Retail space
    • 1,712 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 30, 2024
    Location Intelligence
    Property ID
    US31-0701264
    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

    • Lapel Community Food Pantry / Food Bank
    • Shear Style Salon / Hair Salon / Beauty Salon

    Property Details for 1321 Main St

    Year built
    1970
    Construction
    WOOD
    Lot size
    0.40 lot acres
    Property size
    1,712 SF
    Property type
    Retail space
    APN
    48-10-28-102-053.000-032
    APU
    481028102053000032

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lapel
    County
    Madison
    State
    Indiana
    Longitude
    -85.849
    Latitude
    40.0722
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, 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
    $1,437
    $10,000
    $39,600
    $49,600
    -
    $10,000
    $39,600
    $49,600

    Comparable in this City

    • Value Estimation by Request
      5,768 SF

      4th St

      RETAIL STORES (PERSONAL SERVICES) • 5,768 SF
      4th St, Lapel, IN 46051
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    • Value Estimation by Request
      4,660 SF

      1600 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,660 SF
      1600 Main St, Lapel, IN 46051-9671
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    • Value Estimation by Request
      472 SF

      25 9th St

      RETAIL STORES (PERSONAL SERVICES) • 472 SF
      25 9th St, Lapel, IN 46051-5525
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    • Value Estimation by Request
      11,088 SF

      706 Main St

      RETAIL STORES (PERSONAL SERVICES) • 11,088 SF
      706 Main St, Lapel, IN 46051
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    • Value Estimation by Request
      1,560 SF

      32 Sr

      RETAIL STORES (PERSONAL SERVICES) • 1,560 SF
      32 Sr, Lapel, IN 46051
      View Details
    • Value Estimation by Request
      6,000 SF

      610 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      610 Main St, Lapel, IN 46051
      View Details

    Similar Nearby for Sale

    • $149,900

      Lapel Duplex with Large Lot

      Two-unit duplex in Lapel, Indiana, with potential for updates.
      320 E 7Th St, Lapel, IN 46051
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    • $11,497,660
      148.88 Acres

      148 Acres Development Opportunity, Lapel

      Prime land parcel in Madison County with development potential.
      13 & 38 In Hwy, Lapel, IN 46051
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    1321 Main St
    Lapel, IN 46051-9673
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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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