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    Property profile & analytics

    165 Morton Ave, Unit 167 Martinsville, IN 46151-2469

    • Individual retail properties
    • 40,077 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimation
    $610,000
    Location Intelligence
    Property ID
    US31-2016987
    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

    • Individual retail properties

    Property Details for 165 Morton Ave

    Year built
    1979
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.97 lot acres
    Property size
    40,077 SF
    Property type
    Individual retail properties
    APN
    55-13-04-340-006.004-021
    APU
    551304340006004021

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $595,000

    • CAP approach

      CAP return
      Estimation
      6%
      $745,000
      6.5%
      $660,000
      7%
      $655,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $710,000
      Geo Method
      $725,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $820,000
      Retail
      $710,000
      Mixed-Use
      $600,000
      Hospitality
      $720,000
      Educational
      $715,000
      Residential Income
      $800,000
      Energy
      $685,000
      Income-Based Land
      $640,000
      Food Service
      $595,000

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.4295
    Latitude
    39.4168
    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
    $3,439
    $0.00
    $467,400
    $467,400
    -
    $0.00
    $467,400
    $467,400

    Comparable in this City

    • Value Estimation
      $335,000
      7,550 SF

      240 Main St

      GYM, HEALTH SPA • 7,550 SF
      240 Main St, Martinsville, IN 46151-1924
      View Details
    • Value Estimation by Request
      26,388 SF

      2039 Morgan St

      GYM, HEALTH SPA • 26,388 SF
      2039 Morgan St, Martinsville, IN 46151-1372
      View Details
    • Value Estimation
      $385,000
      9,096 SF

      6727 State Rd 67th N

      GYM, HEALTH SPA • 9,096 SF
      6727 State Rd 67th N, Martinsville, IN 46151-8982
      View Details
    • Value Estimation
      $600,000
      28,115 SF

      2080 Burton Ln

      GYM, HEALTH SPA • 28,115 SF
      2080 Burton Ln, Martinsville, IN 46151-3010
      View Details
    • Value Estimation by Request
      0.96 Acres

      Robb Hl Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 0.96 Acres
      Robb Hl Rd, Martinsville, IN 46151
      View Details
    • Value Estimation by Request
      2,898 SF

      11452 Wn St

      RETAIL STORES (PERSONAL SERVICES) • 2,898 SF
      11452 Wn St, Martinsville, IN 46151
      View Details

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    Similar Nearby for Lease

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      Modern retail property with ample parking and high visibility.
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    • Contact for pricing
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    • Contact for pricing
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    • $9,945 /Mo
      58,754 SF

      Martinsville Retail Space Available

      Retail property available for lease in Martinsville, Indiana.
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    • $252 SF/Yr
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      Versatile Office Space - 2,000 sq ft
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    • $12 SF/Yr
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      High-traffic retail space available.
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      View Details
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    165 Morton Ave, Unit 167
    Martinsville, IN 46151-2469
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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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