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    Property profile & analytics

    198 3rd St New Market, IN 47965

    • Retail space
    • 6,190 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-2740628
    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

    • Retail space

    Property Details for 198 3rd St

    Year built
    1961
    Construction
    WOOD
    Lot size
    0.36 lot acres
    Property size
    6,190 SF
    Property type
    Retail space
    APN
    54-10-31-333-010.000-031
    APU
    541031333010000031

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Market
    County
    Montgomery
    State
    Indiana
    Longitude
    -86.9208
    Latitude
    39.9537
    CBSA code
    18820
    CBSA name
    CRAWFORDSVILLE, 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
    $790
    $6,600
    $31,100
    $37,700
    -
    $6,600
    $31,100
    $37,700

    Comparable in this City

    • Value Estimation by Request
      528 SF

      2nd St

      RETAIL STORES (PERSONAL SERVICES) • 528 SF
      2nd St, New Market, IN 47965
      View Details
    • Value Estimation by Request
      4,440 SF

      100 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,440 SF
      100 Main St, New Market, IN 47965-5000
      View Details
    • Value Estimation by Request
      0.04 Acres

      105 3rd St

      COMMERCIAL (GENERAL) • 0.04 Acres
      105 3rd St, New Market, IN 47965-5018
      View Details
    • Value Estimation by Request
      1,440 SF

      103 3rd St

      OFFICE (GENERAL) • 1,440 SF
      103 3rd St, New Market, IN 47965-5018
      View Details
    • Value Estimation
      $400,000
      7,200 SF

      108 2nd St

      GRAIN ELEVATOR • 7,200 SF
      108 2nd St, New Market, IN 47965
      View Details
    • Value Estimation by Request
      0.30 Acres

      2nd St

      INDUSTRIAL - VACANT LAND • 0.30 Acres
      2nd St, New Market, IN 47965
      View Details
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    198 3rd St
    New Market, IN 47965
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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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