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    Property profile & analytics

    1850 State St North Vernon, IN 47265-7480

    • Turn key restaurants
    • 0.92 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Last Sale
    Jul 22, 2020
    Location Intelligence
    Property ID
    US31-1784459
    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

    • Turn key restaurants

    Property Details for 1850 State St

    Year built
    1991
    Lot size
    0.92 lot acres
    Property type
    Turn key restaurants
    APN
    40-09-33-120-001.000-004
    APU
    400933120001000004

    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
    -85.6386
    Latitude
    39.0143
    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
    $8,214
    $107,300
    $166,500
    $273,800
    -
    $107,300
    $166,500
    $273,800

    Comparable in this City

    • Value Estimation
      $320,000
      2,944 SF

      45 Madison Ave

      RESTAURANT • 2,944 SF
      45 Madison Ave, North Vernon, IN 47265-1522
      View Details
    • Value Estimation by Request
      4,864 SF

      50 County Rd 675th W

      RESTAURANT • 4,864 SF
      50 County Rd 675th W, North Vernon, IN 47265
      View Details
    • Value Estimation
      $1,075,000
      3,218 SF

      2080 State Hwy 3rd 3

      RESTAURANT • 3,218 SF
      2080 State Hwy 3rd 3, North Vernon, IN 47265-7117
      View Details
    • Value Estimation
      $375,000
      3,003 SF

      4105 State Hwy 3rd 3

      RESTAURANT • 3,003 SF
      4105 State Hwy 3rd 3, North Vernon, IN 47265-5538
      View Details
    • Value Estimation
      $390,000
      4,908 SF

      1300 State St

      RESTAURANT • 4,908 SF
      1300 State St, North Vernon, IN 47265-9246
      View Details
    • Value Estimation
      $155,000
      5,450 SF

      3875 State Hwy 7th 7

      RESTAURANT • 5,450 SF
      3875 State Hwy 7th 7, North Vernon, IN 47265-7493
      View Details

    Similar Nearby for Sale

    • $149,900

      Commercial Land Opportunity in Indiana

      Prime commercial land for sale in North Vernon, Indiana.
      7 N State St, North Vernon, IN 47265
      View Details
    • $719,900
      81.00 Acres

      81 Acre Recreational Property

      Private retreat with wooded landscapes, open spaces, and pond.
      5695 S County Road 300 W, North Vernon, IN 47265
      View Details
    • $2,925,000
      16.00 Acres

      Turnkey Wedding and Event Business

      Established wedding and event business with proven operating model.
      2130 W County Road 200 N, North Vernon, IN 47265
      View Details
    • Contact for pricing

      Country Manor Land For Sale

      Land available on Country Manor Street, North Vernon, Indiana.
      3299 Country Manor St, North Vernon, IN 47265
      View Details
    • $82,510
      7.57 Acres

      7.57 Acre Residential Lots

      7.57 acre residential lots, ready to build your dream home.
      03 W 130 S, North Vernon, IN 47265
      View Details
    • $1,900,000
      27.80 Acres

      27.8 Acres Prime Land

      27.8+ acres of prime property off Highway 3 & 50 Bypass.
      3 N State St, North Vernon, IN 47265
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      21,800 SF

      North Vernon Medical Office Space

      9,229 SF Medical Office, High Visibility
      2110 State Highway 7, North Vernon, IN 47265
      View Details
    • Contact for pricing
      6,000 SF

      Prime North Vernon Retail Space

      6,000 SF Strip Center, 4,780 SF Available
      6 State St, North Vernon, IN 47265
      View Details
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    1850 State St
    North Vernon, IN 47265-7480
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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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