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    Property profile & analytics

    40 State Rd 128 Alexandria, IN 46001-8390

    • Truck terminals
    • 16,940 SF
    • 10.03 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Last Sale
    Feb 10, 2022
    Location Intelligence
    Property ID
    US31-1942261
    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

    • Truck terminals

    Property Details for 40 State Rd 128

    Year built
    1990
    Construction
    TYPE NOT SPECIFIED
    Lot size
    10.03 lot acres
    Property size
    16,940 SF
    Property type
    Truck terminals
    APN
    48-06-31-300-016.000-021
    APU
    480631300016000021

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Madison
    State
    Indiana
    Longitude
    -85.668
    Latitude
    40.2204
    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
    $4,819
    $132,400
    $109,500
    $241,900
    -
    $132,400
    $109,500
    $241,900

    Comparable in this City

    • Value Estimation by Request
      0.55 Acres

      15201 State Rd 28

      TRUCK TERMINAL (MOTOR FREIGHT) • 0.55 Acres
      15201 State Rd 28, Alexandria, IN 46001-9314
      View Details
    • Value Estimation by Request
      34,560 SF

      14949 State Rd 28

      TRUCK TERMINAL (MOTOR FREIGHT) • 34,560 SF
      14949 State Rd 28, Alexandria, IN 46001-9313
      View Details
    • Value Estimation
      $385,000
      9,630 SF

      752 State Rd 28

      TRUCK TERMINAL (MOTOR FREIGHT) • 9,630 SF
      752 State Rd 28, Alexandria, IN 46001-8467
      View Details
    • Value Estimation
      $520,000
      15,453 SF

      15201 State Rd 28

      TRUCK TERMINAL (MOTOR FREIGHT) • 15,453 SF
      15201 State Rd 28, Alexandria, IN 46001-9314
      View Details
    • Value Estimation
      $560,000
      7,200 SF

      Alexandria, IN 46001

      TRUCK TERMINAL (MOTOR FREIGHT) • 7,200 SF
      Alexandria, IN 46001
      View Details
    • Value Estimation by Request
      6,054 SF

      Alexandria, IN 46001

      STORAGE YARD, OPEN STORAGE • 6,054 SF
      Alexandria, IN 46001
      View Details

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    Similar Nearby for Lease

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    40 State Rd 128
    Alexandria, IN 46001-8390
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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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