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    Property profile & analytics

    310 Morgan St Spencer, IN 47460-1220

    • Strip malls
    • 6,250 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US31-2313495
    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

    • Strip malls

    Property Details for 310 Morgan St

    Year built
    1996
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.38 lot acres
    Property size
    6,250 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    60-10-20-400-400.313-028
    APU
    601020400400313028

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.7666
    Latitude
    39.2867
    CBSA code
    14020
    CBSA name
    BLOOMINGTON, 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
    $5,081
    $62,400
    $154,700
    $217,100
    -
    $62,400
    $154,700
    $217,100

    Comparable in this City

    • Value Estimation
      $215,000
      10,320 SF

      671 Morgan St

      SHOPPING CENTER, STRIP CENTER • 10,320 SF
      671 Morgan St, Spencer, IN 47460
      View Details
    • Value Estimation
      $355,000
      6,170 SF

      168 Morgan St

      SHOPPING CENTER, STRIP CENTER • 6,170 SF
      168 Morgan St, Spencer, IN 47460-1769
      View Details
    • Value Estimation by Request
      4,160 SF

      359 Morgan St

      SHOPPING CENTER, STRIP CENTER • 4,160 SF
      359 Morgan St, Spencer, IN 47460
      View Details
    • Value Estimation by Request
      47,277 SF

      823 State Hwy 46

      WHOLESALE OUTLET, DISCOUNT STORE • 47,277 SF
      823 State Hwy 46, Spencer, IN 47460-6748
      View Details
    • Value Estimation
      $625,000
      10,640 SF

      3401 State Hwy 46

      WHOLESALE OUTLET, DISCOUNT STORE • 10,640 SF
      3401 State Hwy 46, Spencer, IN 47460-6816
      View Details
    • Value Estimation by Request
      0.74 Acres

      3399 State Hwy 46

      VEHICLE SALES, RENTALS • 0.74 Acres
      3399 State Hwy 46, Spencer, IN 47460-6455
      View Details

    Similar Nearby for Sale

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      Warehouse with showroom, loading dock, and recent upgrades in Spencer.
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    • $294,900
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      Commercial Space Near Downtown Spencer

      4,600 SF commercial space ideal for food production/retail.
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      Commercial Land in Spencer, Indiana

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    • Contact for pricing
      1.35 Acres

      Residential Land with Lake Access

      Wooded 1.35-acre lot with utilities and lake access.
      00 Lakeside Dr, Spencer, IN 47460
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    • $680,000
      6,996 SF

      Multifamily Investment Opportunity in Spencer

      Two fiveplex buildings near downtown Spencer, Indiana, with strong rental income.
      80 W Jefferson St, Spencer, IN 47460
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    • New
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      5-acre wooded parcel ready for a custom home.
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    310 Morgan St
    Spencer, IN 47460-1220
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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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