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    Property profile & analytics

    42 Public Sq Shelbyville, IN 46176-1352

    • Commercial real estate
    • 16,232 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US31-1979140
    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

    • Bishopp's Appliances / Appliance Parts Supplier / Appliance Repair Service

    Property Details for 42 Public Sq

    Year built
    1900
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Property size
    16,232 SF
    Property type
    Commercial real estate
    APN
    73-11-05-100-286.000-002
    APU
    731105100286000002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $400,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $470,000
      Geo Method
      $435,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $400,000
      Mixed-Use
      $460,000
      Hospitality
      $405,000
      Educational
      $470,000
      Residential Income
      $485,000
      Energy
      $470,000
      Income-Based Land
      $450,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Indiana
    Longitude
    -85.7765
    Latitude
    39.5239
    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
    $4,301
    $21,400
    $132,800
    $154,200
    -
    $21,400
    $132,800
    $154,200

    Comparable in this City

    • Value Estimation by Request
      13.97 Acres

      44 East Dr

      Land • 13.97 Acres
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    • Value Estimation by Request
      2.00 Acres

      1240 Walser Rd

      COMMERCIAL (GENERAL) • 2.00 Acres
      1240 Walser Rd, Shelbyville, IN 46176-9798
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    • Value Estimation by Request
      0.31 Acres

      2315 Miller St

      COMMERCIAL (GENERAL) • 0.31 Acres
      2315 Miller St, Shelbyville, IN 46176-9350
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    • Value Estimation by Request
      0.87 Acres

      Morningside Dr

      COMMERCIAL (GENERAL) • 0.87 Acres
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    • Value Estimation by Request
      0.52 Acres

      57 Rampart St

      COMMERCIAL (GENERAL) • 0.52 Acres
      57 Rampart St, Shelbyville, IN 46176-9499
      View Details
    • Value Estimation by Request
      2,160 SF

      810 Jackson St

      COMMERCIAL (GENERAL) • 2,160 SF
      810 Jackson St, Shelbyville, IN 46176-1732
      View Details

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    Similar Nearby for Lease

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      High-Visibility Retail Space Available
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      Retail spaces available in busy Shelbyville trade area.
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    42 Public Sq
    Shelbyville, IN 46176-1352
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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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