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    Property profile & analytics

    1601 Indianapolis Rd Greencastle, IN 46135-2459

    • Automotive properties
    • 19,740 SF
    • 1.07 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US31-1054659
    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

    • Enterprise Rent-A-Car / Car Rental Agency / Van Rental Agency
    • York Auto Body & Glass / Auto Body Shop / Auto Dent Removal Service

    Property Details for 1601 Indianapolis Rd

    Year built
    1968
    Construction
    WOOD
    Lot size
    1.07 lot acres
    Property size
    19,740 SF
    Zone code
    ZO01
    Property type
    Automotive properties
    APN
    67-09-14-304-004.000-008
    APU
    670914304004000008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $365,000
      6.5%
      $345,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $385,000
      Geo Method
      $390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $335,000
      Retail
      $330,000
      Mixed-Use
      $370,000
      Hospitality
      $340,000
      Educational
      $345,000
      Residential Income
      $370,000
      Energy
      $355,000
      Income-Based Land
      $410,000
      Food Service
      $420,000

    Location Insight

    • Map
    • Local Demand
    City
    Greencastle
    County
    Putnam
    State
    Indiana
    Longitude
    -86.8257
    Latitude
    39.6469
    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
    $12,594
    $139,600
    $280,200
    $419,800
    -
    $139,600
    $280,200
    $419,800

    Comparable in this City

    • Value Estimation
      $105,000
      0.16 Acres

      711 Main St

      VEHICLE SALES, RENTALS • 0.16 Acres
      711 Main St, Greencastle, IN 46135-2129
      View Details
    • Value Estimation by Request
      5,440 SF

      502 College Ave

      AUTO REPAIR, GARAGE • 5,440 SF
      502 College Ave, Greencastle, IN 46135-1329
      View Details
    • Value Estimation
      $625,000
      21,498 SF

      1501 Indianapolis Rd

      AUTO REPAIR, GARAGE • 21,498 SF
      1501 Indianapolis Rd, Greencastle, IN 46135-2414
      View Details
    • Value Estimation
      $450,000
      17,500 SF

      1230 Jackson St

      AUTO REPAIR, GARAGE • 17,500 SF
      1230 Jackson St, Greencastle, IN 46135-8929
      View Details
    • Value Estimation by Request
      1,500 SF

      7 Jacob St

      AUTO REPAIR, GARAGE • 1,500 SF
      7 Jacob St, Greencastle, IN 46135-1038
      View Details
    • Value Estimation by Request
      0.13 Acres

      125 Washington St

      PARKING LOT • 0.13 Acres
      125 Washington St, Greencastle, IN 46135-1511
      View Details

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      4.89 acres with buildings, high traffic, ideal for business.
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    Similar Nearby for Lease

    • Contact for pricing
      92,065 SF

      Putnam Plaza Retail Center

      Greencastle, IN Strip Mall - Spaces Available
      1333 Indianapolis Rd, Greencastle, IN 46135
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Kroger

      Retail space available near Kroger and DePauw University.
      833 Indianapolis Rd, Greencastle, IN 46135
      View Details
    • Contact for pricing
      6,073 SF

      Greencastle Retail Space Available

      Prime Retail Space, High Visibility, 4,568 SF Available
      820 Indianapolis Rd, Greencastle, IN 46135
      View Details
    • $1,100 /Mo
      3,300 SF

      Greencastle Mixed-Use Commercial Building

      Mixed-use commercial building in downtown Greencastle, available November 2025.
      20 W Washington St, Greencastle, IN 46135
      View Details
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    1601 Indianapolis Rd
    Greencastle, IN 46135-2459
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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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