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    Property profile & analytics

    1505 Industrial Dr North Vernon, IN 47265

    • Manufacturing properties
    • 6,400 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 17, 2023
    Location Intelligence
    Property ID
    US31-2047043
    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

    • Manufacturing properties

    Property Details for 1505 Industrial Dr

    Year built
    1977
    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.00 lot acres
    Property size
    6,400 SF
    Property type
    Manufacturing properties
    APN
    40-09-28-400-083.000-004
    APU
    400928400083000004

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Vernon
    County
    Jennings
    State
    Indiana
    Longitude
    -85.6313
    Latitude
    39.0198
    CBSA code
    35860
    CBSA name
    NORTH VERNON, 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
    $54,765
    $100,000
    $1,725,500
    $1,825,500
    -
    $100,000
    $1,725,500
    $1,825,500

    Comparable in this City

    • Value Estimation
      $305,000
      3,100 SF

      795 County Rd 500th N

      MANUFACTURING (LIGHT) • 3,100 SF
      795 County Rd 500th N, North Vernon, IN 47265
      View Details
    • Value Estimation
      $820,000
      46,352 SF

      Industrial Park Dr

      MANUFACTURING (LIGHT) • 46,352 SF
      Industrial Park Dr, North Vernon, IN 47265
      View Details
    • Value Estimation
      $245,000
      14,658 SF

      2945 State Hwy 3rd 3

      MANUFACTURING (LIGHT) • 14,658 SF
      2945 State Hwy 3rd 3, North Vernon, IN 47265-9252
      View Details
    • Value Estimation
      $330,000
      9,000 SF

      640 Ertel Ln

      MANUFACTURING (LIGHT) • 9,000 SF
      640 Ertel Ln, North Vernon, IN 47265-4909
      View Details
    • Value Estimation
      $395,000
      15,000 SF

      604 Montrow Pkwy

      MANUFACTURING (LIGHT) • 15,000 SF
      604 Montrow Pkwy, North Vernon, IN 47265-4908
      View Details
    • Value Estimation
      $950,000
      45,510 SF

      Hayden Pike

      MANUFACTURING (LIGHT) • 45,510 SF
      Hayden Pike, North Vernon, IN 47265
      View Details

    Similar Nearby for Sale

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      Commercial Land Opportunity in Indiana

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      81 Acre Recreational Property

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    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Prime North Vernon Retail Space

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    • $5 SF/Yr
      21,800 SF

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    North Vernon, IN 47265
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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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