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    Property profile & analytics

    220 Patterson St Morristown, IN 46161

    • Auto shops
    • 3,120 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 27, 2020
    $42,000
    Location Intelligence
    Property ID
    US31-2219265
    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

    • Auto shops

    Property Details for 220 Patterson St

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    3,120 SF
    Property type
    Auto shops
    APN
    73-03-12-300-113.000-008
    APU
    730312300113000008

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Shelby
    State
    Indiana
    Longitude
    -85.6995
    Latitude
    39.6753
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN 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
    $1,153
    $12,600
    $40,400
    $53,000
    -
    $12,600
    $40,400
    $53,000

    Comparable in this City

    • Value Estimation by Request
      2,844 SF

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      460 Main St

      AUTO REPAIR, GARAGE • 1,885 SF
      460 Main St, Morristown, IN 46161-9760
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    • Value Estimation
      $515,000
      11,520 SF

      455 Range Line Rd

      AUTO REPAIR, GARAGE • 11,520 SF
      455 Range Line Rd, Morristown, IN 46161-9652
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      231 Main St

      AUTO REPAIR, GARAGE • 7,242 SF
      231 Main St, Morristown, IN 46161-9661
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    • Value Estimation by Request
      11,600 SF

      422 Main St

      AUTO REPAIR, GARAGE • 11,600 SF
      422 Main St, Morristown, IN 46161-9745
      View Details
    • Value Estimation by Request
      1,888 SF

      308 Morrison St

      VEHICLE SALES, RENTALS • 1,888 SF
      308 Morrison St, Morristown, IN 46161-9701
      View Details

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    220 Patterson St
    Morristown, IN 46161
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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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