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    Property profile & analytics

    4817 Wheeling Ave 4821st 4825th 4829th N Wheeling, IN 47342

    • Strip malls
    • 21,894 SF
    • 2.57 lot acres
    OFF-MARKET
    Value Estimation
    $585,000
    Location Intelligence
    Property ID
    US31-2271571
    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

    • Strip malls

    Property Details for 4817 Wheeling Ave 4821st 4825th 4829th N

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.57 lot acres
    Property size
    21,894 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    18-07-32-203-023.000-003
    APU
    180732203023000003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $535,000

    • CAP approach

      CAP return
      Estimation
      6%
      $725,000
      6.5%
      $710,000
      7%
      $775,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $665,000
      Geo Method
      $855,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $875,000
      Retail
      $695,000
      Mixed-Use
      $700,000
      Hospitality
      $880,000
      Educational
      $670,000
      Residential Income
      $875,000
      Energy
      $785,000
      Income-Based Land
      $680,000
      Food Service
      $855,000

    Location Insight

    • Map
    • Local Demand
    City
    Wheeling
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4118
    Latitude
    40.2319
    CBSA code
    34620
    CBSA name
    MUNCIE, 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
    $17,773
    $173,500
    $249,400
    $422,900
    -
    $173,500
    $249,400
    $422,900

    Comparable in this City

    • Value Estimation
      $350,000
      9,100 SF

      14400 County Rd 600th W

      WHOLESALE OUTLET, DISCOUNT STORE • 9,100 SF
      14400 County Rd 600th W, Gaston, IN 47342-7900
      View Details
    • Value Estimation by Request
      3,904 SF

      103 Elm St

      RETAIL STORES (PERSONAL SERVICES) • 3,904 SF
      103 Elm St, Gaston, IN 47342
      View Details
    • Value Estimation by Request
      0.12 Acres

      Gaston, IN 47342

      PARKING LOT • 0.12 Acres
      Gaston, IN 47342
      View Details
    • Value Estimation by Request
      5,456 SF

      Gaston, IN 47342

      RETAIL STORES (PERSONAL SERVICES) • 5,456 SF
      Gaston, IN 47342
      View Details
    • Value Estimation by Request
      0.56 Acres

      Elm St

      PARKING LOT • 0.56 Acres
      Elm St, Gaston, IN 47342
      View Details
    • Value Estimation by Request
      3,380 SF

      Sr 28

      AUTO REPAIR, GARAGE • 3,380 SF
      Sr 28, Gaston, IN 47342
      View Details

    Similar Nearby for Sale

    • $119,000
      0.11 Acres

      Gaston Retail/Commercial Opportunity

      Two buildings suitable for retail, professional, or commercial use.
      109 W Elm St, Gaston, IN 47342
      View Details
    • $174,900
      0.55 Acres

      Warehouse and Storage Investment Opportunity

      Warehouse with storage units and outdoor storage potential in Gaston.
      202 Mckinley St, Gaston, IN 47342
      View Details
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    Wheeling, IN 47342
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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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