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    410 College Ave, Unit 732 Rensselaer, IN 47978-3005

    • Strip malls
    • 36,974 SF
    • 12.45 lot acres
    OFF-MARKET
    Value Estimation
    $4,320,000
    Last Sale
    Sep 12, 2023
    $4,270,650
    Location Intelligence
    Property ID
    US31-1555599
    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

    • Pizza Hut / Pizza Restaurant / Pizza Takeout

    Property Details for 410 College Ave

    Year built
    1989
    Construction
    TYPE NOT SPECIFIED
    Lot size
    12.45 lot acres
    Property size
    36,974 SF
    Zone code
    BUFF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    37-07-30-000-005.001-027
    APU
    370730000005001027

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,710,000
      6.5%
      $4,015,000
      7%
      $4,185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,995,000
      Geo Method
      $4,315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,300,000
      Retail
      $5,255,000
      Mixed-Use
      $4,725,000
      Hospitality
      $4,150,000
      Educational
      $5,090,000
      Residential Income
      $5,155,000
      Energy
      $3,995,000
      Income-Based Land
      $5,360,000
      Food Service
      $4,245,000

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Jasper
    State
    Indiana
    Longitude
    -87.1576
    Latitude
    40.9284
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI 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
    $50,301
    $610,800
    $3,611,300
    $4,222,100
    -
    $610,800
    $3,611,300
    $4,222,100

    Comparable in this City

    • Value Estimation
      $410,000
      12,900 SF

      951 Us Hwy 231

      WHOLESALE OUTLET, DISCOUNT STORE • 12,900 SF
      951 Us Hwy 231, Rensselaer, IN 47978-7418
      View Details
    • Value Estimation by Request
      76,708 SF

      905 College Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 76,708 SF
      905 College Ave, Rensselaer, IN 47978-3006
      View Details
    • Value Estimation by Request
      0.48 Acres

      1654 Mckinley Ave

      PARKING LOT • 0.48 Acres
      1654 Mckinley Ave, Rensselaer, IN 47978-8580
      View Details
    • Value Estimation by Request
      2,688 SF

      1531 Mckinley Ave

      SHOW ROOM, WAREHOUSE • 2,688 SF
      1531 Mckinley Ave, Rensselaer, IN 47978-8579
      View Details
    • Value Estimation by Request
      3,814 SF

      1465 Mckinley Ave

      RESTAURANT • 3,814 SF
      1465 Mckinley Ave, Rensselaer, IN 47978-2016
      View Details
    • Value Estimation by Request
      978 SF

      494 Van Rensselaer St

      RETAIL STORES (PERSONAL SERVICES) • 978 SF
      494 Van Rensselaer St, Rensselaer, IN 47978-2449
      View Details

    Similar Nearby for Sale

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      Well-maintained commercial space perfect for a small business venture.
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    • $140,000
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      Rensselaer Corner Development Site

      0.52 AC corner lot suitable for retail or QSR.
      1015 N Mckinley Ave, Rensselaer, IN 47978
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    • Contact for pricing
      0.52 Acres

      Residential Land in Sherwood Forest

      Half-acre lot with mature trees, ideal for building a home.
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      Established Downtown Rensselaer Cafe

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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,880 SF

      Grocery Anchored Shopping Center

      Retail space in Rensselaer's College Square Plaza.
      396-732 S College Ave, Rensselaer, IN 47978
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center

      Prime retail space in Rensselaer's College Square Plaza.
      South College Ave, Rensselaer, IN 47978
      View Details
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    Rensselaer, IN 47978-3005
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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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