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    Property profile & analytics

    2398 State Rd 27 Portland, IN 47371

    • Golf courses & driving ranges
    • 9,120 SF
    • 78.07 lot acres
    OFF-MARKET
    Value Estimation
    $430,000
    Location Intelligence
    Property ID
    US31-1431150
    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

    • Golf courses & driving ranges

    Property Details for 2398 State Rd 27

    Year built
    1944
    Construction
    WOOD
    Lot size
    78.07 lot acres
    Property size
    9,120 SF
    Property type
    Golf courses & driving ranges
    APN
    38-07-32-100-007.000-033
    APU
    380732100007000033

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Jay
    State
    Indiana
    Longitude
    -84.9823
    Latitude
    40.4073

    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
    $5,424
    $81,500
    $96,300
    $177,800
    -
    $81,500
    $96,300
    $177,800

    Comparable in this City

    • Value Estimation by Request
      2,240 SF

      650 650th Ss

      THEATER (MOVIE) • 2,240 SF
      650 650th Ss, Portland, IN 47371
      View Details
    • Value Estimation by Request
      3,743 SF

      797 Creagor Ave

      THEATER (MOVIE) • 3,743 SF
      797 Creagor Ave, Portland, IN 47371-1100
      View Details
    • Value Estimation
      $530,000
      13,492 SF

      1616 Meridian St

      BOWLING ALLEY • 13,492 SF
      1616 Meridian St, Portland, IN 47371-9301
      View Details
    • Value Estimation by Request
      3,679 SF

      4209 600th E

      THEATER (MOVIE) • 3,679 SF
      4209 600th E, Portland, IN 47371-7104
      View Details
    • Value Estimation
      $365,000
      14,512 SF

      134 Elder St

      THEATER (MOVIE) • 14,512 SF
      134 Elder St, Portland, IN 47371
      View Details
    • Value Estimation by Request
      6,352 SF

      226 Main St

      THEATER (MOVIE) • 6,352 SF
      226 Main St, Portland, IN 47371-2204
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      179 SF

      Portland Office Space: 179 sq ft

      Prime downtown Portland office, perfect for small businesses.
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      Prime Portland Office, 1207 sq ft
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      View Details
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    2398 State Rd 27
    Portland, IN 47371
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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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