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Property profile & analytics

2350 State St New Albany, IN 47150-4927

  • Turn key restaurants
  • 0.40 lot acres
OFF-MARKET
Value Estimation
$1,100,000
Last Sale
Dec 29, 2020
$1,010,000
Location Intelligence
Property ID
US31-3297833
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

  • Rally's / Sandwich Shop / Restaurant

Property Details for 2350 State St

Year built
2018
Lot size
0.40 lot acres
Property type
Turn key restaurants
APN
22-05-02-700-569.003-008
APU
220502700569003008

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $1,170,000
  • CAP approach

    CAP return
    Estimation
    6%
    $1,055,000
    6.5%
    $895,000
    7%
    $975,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $960,000
    Geo Method
    $870,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $950,000
    Retail
    $895,000
    Mixed-Use
    $930,000
    Hospitality
    $1,030,000
    Educational
    $985,000
    Residential Income
    $840,000
    Energy
    $945,000
    Income-Based Land
    $1,095,000
    Food Service
    $1,020,000

Location Insight

  • Map
  • Local Demand
City
New Albany
County
Floyd
State
Indiana
Longitude
-85.8432
Latitude
38.3092
CBSA code
31140
CBSA name
LOUISVILLE-JEFFERSON COUNTY, KY-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
$17,967
$312,800
$277,600
$590,400
-
$312,800
$277,600
$590,400
More about this property
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