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    Property profile & analytics

    391 State Rd 234 Shirley, IN 47384-9624

    • Warehouses
    • 21,200 SF
    • 40.00 lot acres
    OFF-MARKET
    Value Estimation
    $560,000
    Last Sale
    Sep 29, 2020
    Location Intelligence
    Property ID
    US31-2362412
    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

    • Warehouses

    Property Details for 391 State Rd 234

    Year built
    2017
    Construction
    WOOD
    Lot size
    40.00 lot acres
    Property size
    21,200 SF
    Property type
    Warehouses
    APN
    33-11-17-000-207.000-013
    APU
    331117000207000013

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shirley
    County
    Henry
    State
    Indiana
    Longitude
    -85.524
    Latitude
    39.9251
    CBSA code
    35220
    CBSA name
    NEW CASTLE, IN MICROPOLITAN 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
    $4,899
    $82,600
    $330,700
    $413,300
    -
    $82,600
    $330,700
    $413,300

    Comparable in this City

    • Value Estimation
      $370,000
      19,405 SF

      505 Walnut St

      STORAGE YARD, OPEN STORAGE • 19,405 SF
      505 Walnut St, Shirley, IN 47384-1229
      View Details
    • Value Estimation by Request
      2,100 SF

      110-112 Main St

      WAREHOUSE, STORAGE • 2,100 SF
      110-112 Main St, Shirley, IN 47384
      View Details
    • Value Estimation by Request
      0.11 Acres

      2417 Kennard Rd

      HEAVY INDUSTRIAL • 0.11 Acres
      2417 Kennard Rd, Shirley, IN 47384
      View Details
    • Value Estimation by Request
      1,496 SF

      507 Meridian St

      INDUSTRIAL (GENERAL) • 1,496 SF
      507 Meridian St, Shirley, IN 47384-1214
      View Details
    • Value Estimation
      $705,000
      38,649 SF

      1102 Ss St

      MANUFACTURING (LIGHT) • 38,649 SF
      1102 Ss St, Shirley, IN 47384-1227
      View Details
    • Value Estimation by Request
      0.33 Acres

      Walnut St

      INDUSTRIAL - VACANT LAND • 0.33 Acres
      Walnut St, Shirley, IN 47384
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

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      0.13 Acres

      Residential Lots in Shirley, IN

      Three wooded residential lots totaling approximately 0.39 acres.
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    • Contact for pricing
      Pending

      Residential Lot in Shirley, IN

      Vacant residential lot available in Shirley, Indiana.
      Pennsylvania St, Shirley, IN 47384
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    • Contact for pricing
      0.13 Acres

      Residential Lot in Shirley, IN

      0.13-acre residential lot in Shirley, Indiana, Eastern Hancock School District.
      135 Pennsylvania St, Shirley, IN 47384
      View Details
    • $650,000

      Multifamily Investment Opportunity in Shirley

      Partially renovated multifamily property with immediate income-generating potential in Shirley.
      100 Lee St, Shirley, IN 47384
      View Details
    • Contact for pricing
      0.10 Acres

      Land on Main Street, Shirley

      Unimproved commercial land available on Main Street in Shirley, Indiana.
      314 Main St, Shirley, IN 47384
      View Details
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    391 State Rd 234
    Shirley, IN 47384-9624
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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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