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    Property profile & analytics

    3 Railroad St Shelburn, IN 47879-1519

    • Manufacturing properties
    • 4,960 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US31-1145407
    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

    • Manufacturing properties

    Property Details for 3 Railroad St

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    4,960 SF
    Property type
    Manufacturing properties
    APN
    77-02-34-441-048.000-005
    APU
    770234441048000005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $375,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $375,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $445,000
      Retail
      $425,000
      Mixed-Use
      $350,000
      Hospitality
      $420,000
      Educational
      $365,000
      Residential Income
      $395,000
      Energy
      $400,000
      Income-Based Land
      $380,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Shelburn
    County
    Sullivan
    State
    Indiana
    Longitude
    -87.3926
    Latitude
    39.1776
    CBSA code
    45460
    CBSA name
    TERRE HAUTE, 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
    2022
    $1,985
    $4,600
    $43,200
    $47,800
    -
    $4,600
    $43,200
    $47,800

    Comparable in this City

    • Value Estimation by Request
      1,956 SF

      3 Railroad St

      MANUFACTURING (LIGHT) • 1,956 SF
      3 Railroad St, Shelburn, IN 47879-1519
      View Details
    • Value Estimation by Request
      1,980 SF

      31 Ml St

      MANUFACTURING (LIGHT) • 1,980 SF
      31 Ml St, Shelburn, IN 47879-1507
      View Details
    • Value Estimation
      $325,000
      7,016 SF

      31 Ml St

      MANUFACTURING (LIGHT) • 7,016 SF
      31 Ml St, Shelburn, IN 47879-1507
      View Details
    • Value Estimation by Request
      360 SF

      7129 Washington Ave

      HEAVY INDUSTRIAL • 360 SF
      7129 Washington Ave, Shelburn, IN 47879-8411
      View Details
    • Value Estimation by Request
      576 SF

      6202 Cherry St

      HEAVY INDUSTRIAL • 576 SF
      6202 Cherry St, Shelburn, IN 47879
      View Details
    • Value Estimation by Request
      376.00 Acres

      Division Rd

      Farms • 376.00 Acres
      0 Division Rd, Shelburn, IN 47879
      View Details

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      Highway Frontage Commercial Land

      Prime commercial land with highway frontage and city utilities.
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    • $100,000
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      Cleared Land Near Highway 41

      5 acres of cleared land suitable for business or residential use.
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    3 Railroad St
    Shelburn, IN 47879-1519
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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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