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    Property profile & analytics

    3930 State Rd 47 Sheridan, IN 46069-9133

    • Drive through restaurants
    • 922 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 14, 2023
    $12,200
    Location Intelligence
    Property ID
    US31-3257987
    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

    • Drive through restaurants

    Property Details for 3930 State Rd 47

    Year built
    2013
    Construction
    WOOD
    Lot size
    1.71 lot acres
    Property size
    922 SF
    Property type
    Drive through restaurants
    APN
    29-01-31-411-005.000-002
    APU
    290131411005000002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.23
    Latitude
    40.1302
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, 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
    $3,939
    $52,800
    $84,700
    $137,500
    -
    $52,800
    $84,700
    $137,500

    Comparable in this City

    • Value Estimation
      $815,000
      3,149 SF

      2710 236th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,149 SF
      2710 236th St, Sheridan, IN 46069-9305
      View Details
    • Value Estimation by Request
      400 SF

      700 White Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 400 SF
      700 White Ave, Sheridan, IN 46069-9300
      View Details
    • Value Estimation by Request
      1,500 SF

      215 Main St

      Restaurants • 1,500 SF
      215 Main St, Sheridan, IN 46069
      View Details
    • Value Estimation by Request
      1,789 SF

      507 7th St

      RESTAURANT • 1,789 SF
      507 7th St, Sheridan, IN 46069-1350
      View Details
    • Value Estimation
      $245,000
      2,160 SF

      401 Main St

      RESTAURANT • 2,160 SF
      401 Main St, Sheridan, IN 46069-1334
      View Details
    • Value Estimation by Request
      0.13 Acres

      207 Main St

      PARKING LOT • 0.13 Acres
      207 Main St, Sheridan, IN 46069-1141
      View Details

    Similar Nearby for Sale

    • $1,625,000
      22.73 Acres

      Sheridan, IN Residential Land

      Residential land available in Sheridan, Indiana.
      19975 Freemont Moore Land Rd, Sheridan, IN 46069
      View Details
    • $5,473,260

      70 Acres in Westfield

      70.17 acres in Westfield's growth sector with road frontage.
      20032 Freemont Moore Rd, Sheridan, IN 46069
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      285.35 Acres

      285.35 acres at SWC of US-31 & 236th Street

      285.35 acres at SWC of US-31 & 236th Street
      23239 Dunbar Rd, Sheridan, IN 46069
      View Details
    • $295,000
      3,680 SF

      Sheridan Office Building - Great Location

      Prime Office Space, High Visibility, Ample Parking
      3934 State Road 47, Sheridan, IN 46069
      View Details
    • $5,473,260
      70 SF

      Westfield Development Land Opportunity

      70.12-acre development land near Westfield, Indiana.
      Freemont Moore Rd, Sheridan, IN 46069
      View Details
    • Contact for pricing

      285 Acres Development Opportunity

      285 acres of contiguous land with US Highway 31 frontage.
      23239 Dunbar Rd, Sheridan, IN 46069
      View Details
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    Sheridan, IN 46069-9133
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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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