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    Property profile & analytics

    2165 State Hwy 3rd 3 North Vernon, IN 47265-7486

    • Retail space
    • 1,672 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $175,000
    Last Sale
    Sep 13, 2021
    $185,000
    Location Intelligence
    Property ID
    US31-1852056
    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 2165 State Hwy 3rd 3

    Year built
    1998
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    1,672 SF
    Property type
    Retail space
    APN
    40-09-28-300-065.000-004
    APU
    400928300065000004

    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
    -85.6404
    Latitude
    39.0168
    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
    $4,902
    $58,600
    $104,800
    $163,400
    -
    $58,600
    $104,800
    $163,400

    Comparable in this City

    • Value Estimation by Request
      2,772 SF

      61 Norris Ave

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    • Value Estimation by Request
      468 SF

      7195 Us Hwy 50

      RETAIL STORES (PERSONAL SERVICES) • 468 SF
      7195 Us Hwy 50, North Vernon, IN 47265-7457
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    • Value Estimation by Request
      3,626 SF

      216 Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 3,626 SF
      216 Walnut St, North Vernon, IN 47265-1516
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    • Value Estimation by Request
      1,401 SF

      49 Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 1,401 SF
      49 Walnut St, North Vernon, IN 47265-1511
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    • Value Estimation by Request
      2,636 SF

      212 Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 2,636 SF
      212 Walnut St, North Vernon, IN 47265-1516
      View Details
    • Value Estimation by Request
      2,692 SF

      412 O And M Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,692 SF
      412 O And M Ave, North Vernon, IN 47265-1216
      View Details

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    Similar Nearby for Lease

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    North Vernon, IN 47265-7486
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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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