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    Property profile & analytics

    409 1st St Gas City, IN 46933-1408

    • Retail space
    • 4,500 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 04, 2025
    Location Intelligence
    Property ID
    US31-1817440
    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

    • Harrisburg Event Center / Event Venue

    Property Details for 409 1st St

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.32 lot acres
    Property size
    4,500 SF
    Property type
    Retail space
    APN
    27-07-33-104-024.000-018
    APU
    270733104024000018

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gas City
    County
    Grant
    State
    Indiana
    Longitude
    -85.6155
    Latitude
    40.4914
    CBSA code
    31980
    CBSA name
    MARION, 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
    $1,410
    $21,000
    $26,000
    $47,000
    -
    $21,000
    $26,000
    $47,000

    Comparable in this City

    • Value Estimation by Request
      0.72 Acres

      449 Harrisburg Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.72 Acres
      449 Harrisburg Ave, Gas City, IN 46933-1076
      View Details
    • Value Estimation by Request
      9,782 SF

      4984 Kaybee Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,782 SF
      4984 Kaybee Dr, Gas City, IN 46933-6601
      View Details
    • Value Estimation
      $315,000
      6,035 SF

      109 Es D St

      RETAIL STORES (PERSONAL SERVICES) • 6,035 SF
      109 Es D St, Gas City, IN 46933-1741
      View Details
    • Value Estimation
      $220,000
      3,150 SF

      802 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,150 SF
      802 Main St, Gas City, IN 46933-1546
      View Details
    • Value Estimation
      $320,000
      4,800 SF

      721 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      721 Main St, Gas City, IN 46933-1545
      View Details
    • Value Estimation
      $280,000
      800 SF

      306 Main St

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      306 Main St, Gas City, IN 46933-1000
      View Details

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    409 1st St
    Gas City, IN 46933-1408
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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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