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    209 State St North Vernon, IN 47265-1818

    • Medical offices
    • 4,949 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Last Sale
    Jan 02, 2024
    Location Intelligence
    Property ID
    US31-1311148
    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

    • Medical offices

    Property Details for 209 State St

    Year built
    1988
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    4,949 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    40-09-34-340-051.000-004
    APU
    400934340051000004

    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
    -85.6247
    Latitude
    39.0015
    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
    $5,922
    $70,600
    $126,800
    $197,400
    -
    $70,600
    $126,800
    $197,400

    Comparable in this City

    • Value Estimation
      $380,000
      7,461 SF

      2145 State Hwy 3rd 3

      MEDICAL BUILDING • 7,461 SF
      2145 State Hwy 3rd 3, North Vernon, IN 47265-7486
      View Details
    • Value Estimation
      $345,000
      3,000 SF

      501 Henry St

      MEDICAL BUILDING • 3,000 SF
      501 Henry St, North Vernon, IN 47265-1057
      View Details
    • Value Estimation
      $205,000
      2,668 SF

      67 Long St

      MEDICAL BUILDING • 2,668 SF
      67 Long St, North Vernon, IN 47265-2313
      View Details
    • Value Estimation
      $360,000
      3,918 SF

      945 Veterans Dr

      MEDICAL BUILDING • 3,918 SF
      945 Veterans Dr, North Vernon, IN 47265-2600
      View Details
    • Value Estimation
      $475,000
      4,710 SF

      401 Henry St

      MEDICAL BUILDING • 4,710 SF
      401 Henry St, North Vernon, IN 47265-1003
      View Details
    • Value Estimation
      $270,000
      3,270 SF

      245 Norris Ave

      MEDICAL BUILDING • 3,270 SF
      245 Norris Ave, North Vernon, IN 47265-2035
      View Details

    Similar Nearby for Sale

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    • $1,900,000
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      27.8 Acres Prime Land

      27.8+ acres of prime property off Highway 3 & 50 Bypass.
      3 N State St, North Vernon, IN 47265
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    • Contact for pricing
      0.38 Acres

      Residential Lots in Lake Community

      Two prime building lots in a peaceful lake community.
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    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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    North Vernon, IN 47265-1818
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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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