Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1340 Ml St Jasper, IN 47546-2310

    • Turn key restaurants
    • 4,592 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Aug 22, 2023
    $294,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2351893
    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

    • Turn key restaurants

    Property Details for 1340 Ml St

    Year built
    1947
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    4,592 SF
    Property type
    Turn key restaurants
    APN
    19-06-26-401-502.000-002
    APU
    190626401502000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Dubois
    State
    Indiana
    Longitude
    -86.9284
    Latitude
    38.3983
    CBSA code
    27540
    CBSA name
    JASPER, 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
    $6,238
    $29,800
    $250,200
    $280,000
    -
    $29,800
    $250,200
    $280,000

    Comparable in this City

    • Value Estimation
      $910,000
      5,715 SF

      25 Indiana St

      RESTAURANT • 5,715 SF
      25 Indiana St, Jasper, IN 47546-2637
      View Details
    • Value Estimation by Request
      3,562 SF

      3803 Newton St

      RESTAURANT • 3,562 SF
      3803 Newton St, Jasper, IN 47546-8016
      View Details
    • Value Estimation by Request
      4,829 SF

      4997 State Rd 56

      RESTAURANT • 4,829 SF
      4997 State Rd 56, Jasper, IN 47546-7949
      View Details
    • Value Estimation by Request
      0.48 Acres

      368 Us Hwy 231

      RESTAURANT • 0.48 Acres
      368 Us Hwy 231, Jasper, IN 47546-3299
      View Details
    • Value Estimation by Request
      0.65 Acres

      3592 Newton St

      RESTAURANT • 0.65 Acres
      3592 Newton St, Jasper, IN 47546-1050
      View Details
    • Value Estimation by Request
      4,900 SF

      3121 Newton St

      RESTAURANT • 4,900 SF
      3121 Newton St, Jasper, IN 47546-1339
      View Details

    Similar Nearby for Sale

    • $1,100,000
      0.90 Acres

      Restaurant Opportunity on Highway 231

      Restaurant/bar on 0.89 acres with equipment included.
      25 Indiana St, Jasper, IN 47546
      View Details
    • $2,100,000
      4.08 Acres

      Versatile Commercial Space in Jasper

      Expansive property ideal for retail, industrial, or warehouse use.
      1224 Mill St, Jasper, IN 47546
      View Details
    • $5,007,803

      Two-Property Grocery Store Portfolio

      Two IGA grocery stores in Illinois and Indiana for sale.
      750 2Nd St, Jasper, IN 47546
      View Details
    • $630,000
      0.11 Acres

      Turnkey Retail Business Opportunity

      Established bait and gun shop with dual-income streams for sale.
      482 2Nd Ave, Jasper, IN 47546
      View Details
    • $199,000
      4.90 Acres

      Residential Land Near Jasper Amenities

      Nearly 5-acre residential lot in Jasper, Indiana, ready for development.
      Saint Charles Tract 2 St, Jasper, IN 47546
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      3,698 SF

      Restaurant Space For Lease

      Restaurant space for lease with large dining room and kitchen.
      272 Brucke Strasse, Jasper, IN 47546
      View Details
    • $22 SF/Yr
      5,890 SF

      Upscale Retail/Restaurant Space in Jasper

      Prime corner space in a $40M state-of-the-art development.
      225 River Center Lndg, Jasper, IN 47546
      View Details
    • Contact for pricing
      9,000 SF

      Retail Center in Jasper, Indiana

      107,641 SF retail center with high visibility and access.
      723-851 3Rd Ave, Jasper, IN 47546
      View Details
    • Contact for pricing
      4,400 SF

      Retail Suites and Outparcel Available

      Retail suites and outparcel available for lease or sale.
      3703 North Newton St, Jasper, IN 47546
      View Details
    • Contact for pricing
      8,255 SF

      Jasper Retail Center - 3 Suites Available

      Prime Jasper retail space, 8,255 sq ft total.
      671 3Rd Ave, Jasper, IN 47546
      View Details
    • $4,500 /Mo
      5,507 SF

      Downtown Jasper Historic Retail Space

      Historic downtown Jasper retail space with customizable layout.
      248 E 3Rd St, Jasper, IN 47546
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1340 Ml St
    Jasper, IN 47546-2310
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.