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    Property profile & analytics

    4228 State Rd 54th W Springville, IN 47462-5262

    • Retail space
    • 755 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 05, 2021
    $45,000
    Location Intelligence
    Property ID
    US31-2084114
    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 4228 State Rd 54th W

    Year built
    1942
    Construction
    WOOD
    Lot size
    0.50 lot acres
    Property size
    755 SF
    Property type
    Retail space
    APN
    47-04-27-200-004.000-007
    APU
    470427200004000007

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springville
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.6194
    Latitude
    38.9322
    CBSA code
    13260
    CBSA name
    BEDFORD, 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
    $383
    $13,500
    $11,000
    $24,500
    -
    $13,500
    $11,000
    $24,500

    Comparable in this City

    • Value Estimation by Request
      3,540 SF

      60 Brick St

      RETAIL STORES (PERSONAL SERVICES) • 3,540 SF
      60 Brick St, Springville, IN 47462
      View Details
    • Value Estimation by Request
      1,196 SF

      193 Brick St

      RETAIL STORES (PERSONAL SERVICES) • 1,196 SF
      193 Brick St, Springville, IN 47462-5461
      View Details
    • Value Estimation
      $350,000
      3,600 SF

      3983 Old State Rd 37th N

      CONVENIENCE STORE • 3,600 SF
      3983 Old State Rd 37th N, Springville, IN 47462-5088
      View Details
    • Value Estimation
      $375,000
      6,960 SF

      1225 Sieboldt Quarry Rd

      SHOW ROOM, WAREHOUSE • 6,960 SF
      1225 Sieboldt Quarry Rd, Springville, IN 47462-5481
      View Details
    • Value Estimation by Request
      0.48 Acres

      4252 State Rd 54th W

      AUTO REPAIR, GARAGE • 0.48 Acres
      4252 State Rd 54th W, Springville, IN 47462-5262
      View Details
    • Value Estimation
      $335,000
      2,400 SF

      3050 Old State Rd 37th N

      PARKING GARAGE, PARKING STRUCTURE • 2,400 SF
      3050 Old State Rd 37th N, Springville, IN 47462
      View Details

    Similar Nearby for Sale

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      11.97 acres of residential land with utilities in place.
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      One-acre residential land parcel in a newer Springville neighborhood.
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    Springville, IN 47462-5262
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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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