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    Property profile & analytics

    203 State St North Vernon, IN 47265-2454

    • Office Properties & Spaces
    • 4,000 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $335,000
    Last Sale
    Nov 15, 2023
    Location Intelligence
    Property ID
    US31-2145070
    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 203 State St

    Year built
    1968
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    4,000 SF
    Property type
    Office Properties & Spaces
    APN
    40-09-34-320-036.000-004
    APU
    400934320036000004

    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
    -85.629
    Latitude
    39.0053
    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
    $3,456
    $32,200
    $83,000
    $115,200
    -
    $32,200
    $83,000
    $115,200

    Comparable in this City

    • Value Estimation by Request
      3,964 SF

      3425 County Rd 445th N

      OFFICE (GENERAL) • 3,964 SF
      3425 County Rd 445th N, North Vernon, IN 47265
      View Details
    • Value Estimation by Request
      9,834 SF

      705 County Rd 550th N

      OFFICE (GENERAL) • 9,834 SF
      705 County Rd 550th N, North Vernon, IN 47265
      View Details
    • Value Estimation by Request
      6,664 SF

      22 Poplar St

      OFFICE (GENERAL) • 6,664 SF
      22 Poplar St, North Vernon, IN 47265
      View Details
    • Value Estimation by Request
      5,214 SF

      143 Walnut St

      OFFICE (GENERAL) • 5,214 SF
      143 Walnut St, North Vernon, IN 47265-1532
      View Details
    • Value Estimation by Request
      31,772 SF

      2375 State Hwy 3rd 3

      OFFICE (GENERAL) • 31,772 SF
      2375 State Hwy 3rd 3, North Vernon, IN 47265-9251
      View Details
    • Value Estimation by Request
      2,695 SF

      275 Main St

      OFFICE (GENERAL) • 2,695 SF
      275 Main St, North Vernon, IN 47265-1510
      View Details

    Similar Nearby for Sale

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    • $1,900,000
      27.80 Acres

      27.8 Acres Prime Land

      27.8+ acres of prime property off Highway 3 & 50 Bypass.
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      0.38 Acres

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    Similar Nearby for Lease

    • $5 SF/Yr
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      North Vernon Medical Office Space

      9,229 SF Medical Office, High Visibility
      2110 State Highway 7, North Vernon, IN 47265
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      6,000 SF

      Prime North Vernon Retail Space

      6,000 SF Strip Center, 4,780 SF Available
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      View Details
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    203 State St
    North Vernon, IN 47265-2454
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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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