Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    137 Washington St Shelbyville, IN 46176-1486

    • Parking lots & garages
    • 29,906 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $390,000
    Location Intelligence
    Property ID
    US31-2058944
    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

    • Christian Investment / Real Estate Agency
    • nul / Warehouse / Storage Facility

    Property Details for 137 Washington St

    Year built
    1928
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.30 lot acres
    Property size
    29,906 SF
    Property type
    Parking lots & garages
    APN
    73-11-05-100-453.000-002
    APU
    731105100453000002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $385,000

    • CAP approach

      CAP return
      Estimation
      6%
      $440,000
      6.5%
      $450,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $465,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $465,000
      Retail
      $375,000
      Mixed-Use
      $430,000
      Hospitality
      $415,000
      Educational
      $400,000
      Residential Income
      $395,000
      Energy
      $475,000
      Income-Based Land
      $435,000
      Food Service
      $420,000

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Indiana
    Longitude
    -85.7735
    Latitude
    39.5242
    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
    $3,952
    $24,000
    $166,100
    $190,100
    -
    $24,000
    $166,100
    $190,100

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      124 Washington St

      PARKING LOT • 0.05 Acres
      124 Washington St, Shelbyville, IN 46176
      View Details
    • Value Estimation by Request
      0.06 Acres

      120 Washington St

      PARKING LOT • 0.06 Acres
      120 Washington St, Shelbyville, IN 46176
      View Details
    • Value Estimation by Request
      0.08 Acres

      703 Harrison St

      PARKING LOT • 0.08 Acres
      703 Harrison St, Shelbyville, IN 46176-2101
      View Details
    • Value Estimation by Request
      0.08 Acres

      Locust St

      PARKING LOT • 0.08 Acres
      Locust St, Shelbyville, IN 46176
      View Details
    • Value Estimation by Request
      0.04 Acres

      832 Meridian St

      PARKING LOT • 0.04 Acres
      832 Meridian St, Shelbyville, IN 46176-2563
      View Details
    • Value Estimation by Request
      0.09 Acres

      832 Meridian St

      PARKING LOT • 0.09 Acres
      832 Meridian St, Shelbyville, IN 46176-2563
      View Details

    Similar Nearby for Sale

    • $500,000
      1.43 Acres

      Shelbyville Retail Space - High Growth Area

      Prime Retail Building, 5000 sq ft, Seller Financing
      613 State Road 44, Shelbyville, IN 46176
      View Details
    • $597,000
      1,800 SF

      Shelbyville Retail Space - High Traffic Area

      Prime 1.2-acre lot, 1800 sq ft building. Great investment opportunity!
      1837 Michigan Rd, Shelbyville, IN 46176
      View Details
    • $399,000
      4,936 SF

      Shelbyville Storefront - Redevelopment Opportunity

      Prime Shelbyville location, vacant storefront, redevelopment potential.
      1415 Michigan Rd, Shelbyville, IN 46176
      View Details
    • Contact for pricing
      0.40 Acres

      Shelbyville Flex Space Outparcel

      High-traffic flex space, ideal for retail or industrial use.
      0 Michigan Rd, Waldron, IN 46176
      View Details
    • $574,900
      6,960 SF

      Downtown Shelbyville Investment Opportunity

      Three fully leased storefronts with value-add residential space.
      12 S Harrison St, Shelbyville, IN 46176
      View Details
    • $339,025
      4,352 SF

      Shelbyville Retail & Residential Combo

      Versatile Property, Downtown Shelbyville
      534 Miller Ave, Shelbyville, IN 46176
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,610 SF

      Shelbyville Retail Center Opportunity

      High-Visibility Retail Space Available
      809 Harrison St, Shelbyville, IN 46176
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space in Shelbyville

      Retail spaces available in busy Shelbyville trade area.
      2521-2551 E State Road 44, Shelbyville, IN 46176
      View Details
    • Contact for pricing
      3,600 SF

      Unique Commercial Space in Shelbyville

      Two-story commercial space suitable for restaurants, bars, and coffee shops.
      405 North Harrison St, Shelbyville, IN 46176
      View Details
    • $1,700 /Mo
      1,150 SF

      Renovated Downtown Office/Retail Space

      Newly renovated office or retail space in downtown Shelbyville.
      39 W Washington St, Shelbyville, IN 46176
      View Details
    • Contact for pricing
      2,840 SF

      Retail Space in Shelbyville

      Retail space available in busy Shelbyville trade area.
      2505-2519 E State Road 44, Shelbyville, IN 46176
      View Details
    • $8 SF/Yr
      108,060 SF

      Bel Aire Shopping Center: Shelbyville, IN

      Prime Shelbyville Retail/Office Space Available
      2525 In-44, Shelbyville, IN 46176
      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.
    137 Washington St
    Shelbyville, IN 46176-1486
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    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.