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    Property profile & analytics

    408 Main St Otterbein, IN 47970-8544

    • Retail space
    • 774 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 09, 2023
    Location Intelligence
    Property ID
    US31-2398937
    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

    • Retail space

    Property Details for 408 Main St

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    774 SF
    Property type
    Retail space
    APN
    04-11-28-444-013.000-002
    APU
    41128444013000002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Otterbein
    County
    Benton
    State
    Indiana
    Longitude
    -87.0965
    Latitude
    40.4938
    CBSA code
    29200
    CBSA name
    LAFAYETTE-WEST LAFAYETTE, 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
    $1,224
    $23,400
    $28,900
    $52,300
    -
    $23,400
    $28,900
    $52,300

    Comparable in this City

    • Value Estimation by Request
      1,272 SF

      202 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,272 SF
      202 Main St, Otterbein, IN 47970-8541
      View Details
    • Value Estimation by Request
      640 SF

      23 Oxford St

      RETAIL STORES (PERSONAL SERVICES) • 640 SF
      23 Oxford St, Otterbein, IN 47970-8576
      View Details
    • Value Estimation by Request
      1,490 SF

      107 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,490 SF
      107 Main St, Otterbein, IN 47970-8542
      View Details
    • Value Estimation by Request
      936 SF

      410 Mdw St

      RETAIL STORES (PERSONAL SERVICES) • 936 SF
      410 Mdw St, Otterbein, IN 47970-8597
      View Details
    • Value Estimation
      $80,000
      1,440 SF

      110 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      110 Main St, Otterbein, IN 47970-8542
      View Details
    • Value Estimation by Request
      480 SF

      103 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 480 SF
      103 2nd St, Otterbein, IN 47970
      View Details

    Similar Nearby for Sale

    • $55,000
      640 SF

      Retail or Day Care Opportunity

      640 SF property suitable for retail or day care.
      23 W Oxford St, Otterbein, IN 47970
      View Details
    • $162,000

      Corner Lot Retail Opportunity

      Retail property on corner lot with existing income.
      311 N Main St, Otterbein, IN 47970
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    • $70,000
      1.40 Acres

      Residential Land Near Otterbein Lake

      Residential land for sale near Purdue University and Otterbein Lake.
      10240 E 975 N, Otterbein, IN 47970
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    • $75,000
      1.32 Acres

      Otterbein Lake Residential Land

      Residential land near Purdue University with private lake access.
      10240 E 975 N, Otterbein, IN 47970
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    • $140,000
      1.40 Acres

      Otterbein Lake Residential Land

      Residential land near Purdue University with private lake access.
      10240 E 975 N, Otterbein, IN 47970
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    • $60,000
      1.06 Acres

      Otterbein Lake Residential Land

      Residential land near Purdue University with private lake access.
      10240 E 975 N, Otterbein, IN 47970
      View Details
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    408 Main St
    Otterbein, IN 47970-8544
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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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