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    Property profile & analytics

    1609 Us Hwy 40 Greencastle, IN 46135-8721

    • Grocery and convenience stores
    • 4,641 SF
    • 1.33 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Last Sale
    Sep 26, 2023
    Location Intelligence
    Property ID
    US31-1279436
    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

    • Grocery and convenience stores

    Property Details for 1609 Us Hwy 40

    Year built
    1992
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.33 lot acres
    Property size
    4,641 SF
    Zone code
    ZO01
    Property type
    Grocery and convenience stores
    APN
    67-12-11-102-031.000-017
    APU
    671211102031000017

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greencastle
    County
    Putnam
    State
    Indiana
    Longitude
    -86.8205
    Latitude
    39.5848
    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
    $7,613
    $197,200
    $222,600
    $419,800
    -
    $197,200
    $222,600
    $419,800

    Comparable in this City

    • Value Estimation
      $410,000
      54,380 SF

      821 Indianapolis Rd

      GROCERY, SUPERMARKET • 54,380 SF
      821 Indianapolis Rd, Greencastle, IN 46135-1451
      View Details
    • Value Estimation
      $300,000
      2,080 SF

      405 Jackson St

      CONVENIENCE STORE • 2,080 SF
      405 Jackson St, Greencastle, IN 46135-1030
      View Details
    • Value Estimation
      $340,000
      2,892 SF

      1148 Bloomington St

      CONVENIENCE STORE • 2,892 SF
      1148 Bloomington St, Greencastle, IN 46135-2204
      View Details
    • Value Estimation
      $275,000
      665 SF

      605 Bloomington St

      CONVENIENCE STORE (W/FUEL PUMP) • 665 SF
      605 Bloomington St, Greencastle, IN 46135-2115
      View Details
    • Value Estimation by Request
      3,964 SF

      1215 Bloomington St

      CONVENIENCE STORE • 3,964 SF
      1215 Bloomington St, Greencastle, IN 46135-2205
      View Details
    • Value Estimation
      $325,000
      1,353 SF

      1019 Indianapolis Rd

      CONVENIENCE STORE • 1,353 SF
      1019 Indianapolis Rd, Greencastle, IN 46135-2407
      View Details

    Similar Nearby for Sale

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      Established Restaurant/Bar in Greencastle, IN

      Newly renovated restaurant and bar with additional space and parking.
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    • $1,200,000
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      Prime Greencastle Car Wash Duo

      Turnkey car washes, immediate income.
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    Similar Nearby for Lease

    • 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
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      View Details
    • Contact for pricing
      92,065 SF

      Putnam Plaza Retail Center

      Greencastle, IN Strip Mall - Spaces Available
      1333 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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    1609 Us Hwy 40
    Greencastle, IN 46135-8721
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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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