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    Property profile & analytics

    399 Merritt St Rensselaer, IN 47978

    • Showrooms
    • 5,400 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 11, 2022
    Location Intelligence
    Property ID
    US31-1228322
    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

    • Showrooms

    Property Details for 399 Merritt St

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    5,400 SF
    Zone code
    BUFF
    Property type
    Showrooms
    APN
    37-07-19-006-001.180-027
    APU
    370719006001180027

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Jasper
    State
    Indiana
    Longitude
    -87.1495
    Latitude
    40.9466
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI 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
    $511
    $16,700
    $25,100
    $41,800
    -
    $16,700
    $25,100
    $41,800

    Comparable in this City

    • Value Estimation
      $320,000
      4,608 SF

      500 Walnut St

      SHOW ROOM, WAREHOUSE • 4,608 SF
      500 Walnut St, Rensselaer, IN 47978-2366
      View Details
    • Value Estimation by Request
      2,688 SF

      1531 Mckinley Ave

      SHOW ROOM, WAREHOUSE • 2,688 SF
      1531 Mckinley Ave, Rensselaer, IN 47978-8579
      View Details
    • Value Estimation by Request
      2,160 SF

      410 Walnut St

      SHOW ROOM, WAREHOUSE • 2,160 SF
      410 Walnut St, Rensselaer, IN 47978-2347
      View Details
    • Value Estimation
      $355,000
      4,000 SF

      9378 State Rd 114

      SHOW ROOM, WAREHOUSE • 4,000 SF
      9378 State Rd 114, Rensselaer, IN 47978-8842
      View Details
    • Value Estimation by Request
      2.20 Acres

      Ww 725th Ss

      RETAIL STORES (PERSONAL SERVICES) • 2.20 Acres
      Ww 725th Ss, Rensselaer, IN 47978
      View Details
    • Value Estimation by Request
      4,860 SF

      117 Rutsen St

      RETAIL STORES (PERSONAL SERVICES) • 4,860 SF
      117 Rutsen St, Rensselaer, IN 47978-3127
      View Details

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      Rensselaer Retail/Auto Sales Opportunity

      Established auto sales business with highway frontage and development potential.
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    • $140,000
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      Rensselaer Corner Development Site

      0.52 AC corner lot suitable for retail or QSR.
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    • Contact for pricing
      0.52 Acres

      Residential Land in Sherwood Forest

      Half-acre lot with mature trees, ideal for building a home.
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    Similar Nearby for Lease

    • Contact for pricing
      6,880 SF

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    • Contact for pricing

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      Prime retail space in Rensselaer's College Square Plaza.
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    399 Merritt St
    Rensselaer, IN 47978
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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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