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    Property profile & analytics

    1605 Meridian St Portland, IN 47371-9301

    • Office Properties & Spaces
    • 22,373 SF
    • 1.87 lot acres
    OFF-MARKET
    Value Estimation
    $535,000
    Location Intelligence
    Property ID
    US31-1515983
    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

    • Office Properties & Spaces

    Property Details for 1605 Meridian St

    Year built
    1959
    Construction
    WOOD
    Lot size
    1.87 lot acres
    Property size
    22,373 SF
    Property type
    Office Properties & Spaces
    APN
    38-07-16-200-014.000-034
    APU
    380716200014000034

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Jay
    State
    Indiana
    Longitude
    -84.977
    Latitude
    40.449

    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
    2022
    $0.00
    $118,700
    $393,400
    $512,100
    -
    $118,700
    $393,400
    $512,100

    Comparable in this City

    • Value Estimation by Request
      961 SF

      129 Water St

      OFFICE (GENERAL) • 961 SF
      129 Water St, Portland, IN 47371-2110
      View Details
    • Value Estimation by Request
      4,928 SF

      118 Meridian St

      OFFICE (GENERAL) • 4,928 SF
      118 Meridian St, Portland, IN 47371-2121
      View Details
    • Value Estimation
      $390,000
      8,988 SF

      404 Arch St

      OFFICE (GENERAL) • 8,988 SF
      404 Arch St, Portland, IN 47371-1511
      View Details
    • Value Estimation
      $565,000
      27,622 SF

      200 Arch St

      OFFICE (GENERAL) • 27,622 SF
      200 Arch St, Portland, IN 47371
      View Details
    • Value Estimation
      $560,000
      37,849 SF

      827 High St

      OFFICE (GENERAL) • 37,849 SF
      827 High St, Portland, IN 47371-1202
      View Details
    • Value Estimation
      $400,000
      3,328 SF

      121 High St

      OFFICE (GENERAL) • 3,328 SF
      121 High St, Portland, IN 47371-1821
      View Details

    Similar Nearby for Sale

    • $2,230,000
      2,713 SF

      Portland Medical Office Investment

      NNN Leased Medical Office, Strong Tenant
      980 Meridian St, Portland, IN 47371
      View Details
    • $1,440,000
      684 SF

      Scooter’s Coffee NNN Investment

      Corporate guaranteed NNN lease with scheduled rental increases.
      1450 N Meridian St, Portland, IN 47371
      View Details
    • $75,400
      0.23 Acres

      Downtown Portland Commercial Gem

      Historic 5500+ sq ft Duplex, Huge Potential
      214 Main St, Portland, IN 47371
      View Details
    • Contact for pricing
      0.69 Acres

      Portland, IN Residential Land

      Two empty residential lots totaling 0.69 acres in Portland, IN.
      E High St, Portland, IN 47371
      View Details
    • $162,500
      Pending

      Heavily Wooded Land Parcel

      18.5 acre wooded parcel suitable for hunting and recreation.
      550 W 550 South, Portland, IN 47371
      View Details
    • $2,230,000
      2,713 SF

      Newer Medical Construction For Sale

      State-of-the-art urgent care location with long-term NNN lease.
      989 N Meridian St, Portland, IN 47371
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      179 SF

      Portland Office Space: 179 sq ft

      Prime downtown Portland office, perfect for small businesses.
      112 Meridian St, Portland, IN 47371
      View Details
    • $144 SF/Yr
      1,207 SF

      Portland Executive Office Suite

      Prime Portland Office, 1207 sq ft
      112 Meridian St, Portland, IN 47371
      View Details
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    1605 Meridian St
    Portland, IN 47371-9301
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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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