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    Property profile & analytics

    400 Morris St Farmland, IN 47340-7018

    • Theaters & concert halls
    • 7,052 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US31-1245877
    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

    • Farmland United Methodist Church / Place Of Worship

    Property Details for 400 Morris St

    Year built
    1900
    Construction
    WOOD
    Lot size
    0.95 lot acres
    Property size
    7,052 SF
    Property type
    Theaters & concert halls
    APN
    68-08-18-230-043.000-008
    APU
    680818230043000008

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmland
    County
    Randolph
    State
    Indiana
    Longitude
    -85.1246
    Latitude
    40.1919

    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
    $0.00
    $41,200
    $145,600
    $186,800
    -
    $41,200
    $145,600
    $186,800

    Comparable in this City

    • Value Estimation by Request
      6,256 SF

      2964 900th W

      THEATER (MOVIE) • 6,256 SF
      2964 900th W, Farmland, IN 47340-9018
      View Details
    • Value Estimation by Request
      11,520 SF

      8311 State Rd 32

      THEATER (MOVIE) • 11,520 SF
      8311 State Rd 32, Farmland, IN 47340-9055
      View Details
    • Value Estimation
      $365,000
      2,275 SF

      600 600th Ss

      THEATER (MOVIE) • 2,275 SF
      600 600th Ss, Farmland, IN 47340
      View Details
    • Value Estimation by Request
      8.57 Acres

      9577 400th N

      DRIVING RANGE (GOLF) • 8.57 Acres
      9577 400th N, Farmland, IN 47340-9392
      View Details
    • Value Estimation by Request
      0.06 Acres

      111 Henry St

      COMMERCIAL (GENERAL) • 0.06 Acres
      111 Henry St, Farmland, IN 47340-7005
      View Details
    • Value Estimation by Request
      720 SF

      110 Henry St

      OFFICE (GENERAL) • 720 SF
      110 Henry St, Farmland, IN 47340-9264
      View Details
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    400 Morris St
    Farmland, IN 47340-7018
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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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