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    Property profile & analytics

    3rd St Velpen, IN 47590

    • Office Properties & Spaces
    • 1,154 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $390,000
    Location Intelligence
    Property ID
    US31-2717849
    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

    • Office Properties & Spaces

    Property Details for 3rd St

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Property size
    1,154 SF
    Property type
    Office Properties & Spaces
    APN
    63-12-08-200-016.000-006
    APU
    631208200016000006

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Velpen
    County
    Pike
    State
    Indiana
    Longitude
    -87.102
    Latitude
    38.3571
    CBSA code
    27540
    CBSA name
    JASPER, 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
    $1,781
    $8,100
    $60,600
    $68,700
    -
    $8,100
    $60,600
    $68,700

    Comparable in this City

    • Value Estimation
      $400,000
      1,870 SF

      7662 Hwy 257

      THEATER (MOVIE) • 1,870 SF
      7662 Hwy 257, Velpen, IN 47590
      View Details
    • Value Estimation by Request
      896 SF

      Hwy 257

      RETAIL STORES (PERSONAL SERVICES) • 896 SF
      Hwy 257, Velpen, IN 47590
      View Details
    • Value Estimation
      $315,000
      352 SF

      3980 State Rd 257

      DUMP SITE • 352 SF
      3980 State Rd 257, Velpen, IN 47590-8829
      View Details
    • Value Estimation by Request
      240 SF

      7399 County Rd 775th E

      HEAVY INDUSTRIAL • 240 SF
      7399 County Rd 775th E, Velpen, IN 47590
      View Details
    • Value Estimation by Request
      3,162 SF

      4522 State Rd 257

      COMMERCIAL (GENERAL) • 3,162 SF
      4522 State Rd 257, Velpen, IN 47590-8832
      View Details
    • Value Estimation by Request
      0.23 Acres

      73995 County Rd 775th E

      INDUSTRIAL - VACANT LAND • 0.23 Acres
      73995 County Rd 775th E, Velpen, IN 47590
      View Details
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    3rd St
    Velpen, IN 47590
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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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