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    Property profile & analytics

    231 Riverwood Dr Noblesville, IN 46062-8841

    • Grocery and convenience stores
    • 1,080 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $110,000
    Last Sale
    May 15, 2023
    $70,000
    Location Intelligence
    Property ID
    US31-0382528
    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

    • Hager Handyman / Handyman/Handywoman/Handyperson
    • Riverwood Trading Post / Smoke Shop / Store

    Property Details for 231 Riverwood Dr

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Property size
    1,080 SF
    Property type
    Grocery and convenience stores
    APN
    29-07-09-401-006.000-017
    APU
    290709401006000017

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $105,000

    • CAP approach

      CAP return
      Estimation
      6%
      $125,000
      6.5%
      $125,000
      7%
      $150,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $145,000
      Geo Method
      $135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $115,000
      Retail
      $125,000
      Mixed-Use
      $140,000
      Hospitality
      $135,000
      Educational
      $140,000
      Residential Income
      $120,000
      Energy
      $130,000
      Income-Based Land
      $150,000
      Food Service
      $150,000

    Location Insight

    • Map
    • Local Demand
    City
    Noblesville
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.9663
    Latitude
    40.1028
    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
    $702
    $10,500
    $34,400
    $44,900
    -
    $10,500
    $34,400
    $44,900

    Comparable in this City

    • Value Estimation by Request
      4,600 SF

      17645 Little Chicago Rd

      CONVENIENCE STORE • 4,600 SF
      17645 Little Chicago Rd, Noblesville, IN 46062-8906
      View Details
    • Value Estimation
      $625,000
      1,800 SF

      181 Harbour Dr

      CONVENIENCE STORE • 1,800 SF
      181 Harbour Dr, Noblesville, IN 46062-9102
      View Details
    • Value Estimation by Request
      71,896 SF

      14800 Hazel Dell Xing

      GROCERY, SUPERMARKET • 71,896 SF
      14800 Hazel Dell Xing, Noblesville, IN 46062-6982
      View Details
    • Value Estimation
      $335,000
      3,933 SF

      20825 Hague Rd

      CONVENIENCE STORE • 3,933 SF
      20825 Hague Rd, Noblesville, IN 46062-9013
      View Details
    • Value Estimation
      $470,000
      4,638 SF

      710 Westfield Rd

      CONVENIENCE STORE • 4,638 SF
      710 Westfield Rd, Noblesville, IN 46062-6902
      View Details
    • Value Estimation by Request
      2,916 SF

      14611 Gray Rd

      FINANCIAL BUILDING • 2,916 SF
      14611 Gray Rd, Westfield, IN 46062-9274
      View Details

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    Similar Nearby for Lease

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      Retail Space in Noblesville Center

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      Retail space available for lease in Noblesville, Indiana.
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      Prime Retail Space, Multiple Units Available
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      Retail Space in Noblesville, IN

      Retail space available in high-traffic Noblesville location.
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      Retail Space in Noblesville

      Retail space available for lease in Noblesville, Indiana.
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    • Contact for pricing
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      Promenade Shops: Noblesville Retail Space

      Modern Office & Retail Suites in Noblesville, IN
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      View Details
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    Noblesville, IN 46062-8841
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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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