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    Property profile & analytics

    488 Canal St Peru, IN 46970-2538

    • Warehouses
    • 4,800 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Last Sale
    Sep 22, 2023
    Location Intelligence
    Property ID
    US31-1391928
    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

    • Hall and Sons Well Drilling and Service / Well Drilling Contractor

    Property Details for 488 Canal St

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.41 lot acres
    Property size
    4,800 SF
    Property type
    Warehouses
    APN
    52-08-26-203-055.000-016
    APU
    520826203055000016

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    Miami
    State
    Indiana
    Longitude
    -86.0522
    Latitude
    40.7581
    CBSA code
    37940
    CBSA name
    PERU, 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
    $3,734
    $19,600
    $60,700
    $80,300
    -
    $19,600
    $60,700
    $80,300

    Comparable in this City

    • Value Estimation by Request
      5,148 SF

      3311 State Rd 19

      WAREHOUSE, STORAGE • 5,148 SF
      3311 State Rd 19, Peru, IN 46970-7476
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    • Value Estimation by Request
      1,200 SF

      259 Armstrong Ave

      MINI-WAREHOUSE, STORAGE • 1,200 SF
      259 Armstrong Ave, Peru, IN 46970-2723
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    • Value Estimation by Request
      4,000 SF

      1995 Hoosier Blvd

      WAREHOUSE, STORAGE • 4,000 SF
      1995 Hoosier Blvd, Peru, IN 46970-3718
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    • Value Estimation
      $365,000
      7,000 SF

      52 Park Ave

      WAREHOUSE, STORAGE • 7,000 SF
      52 Park Ave, Peru, IN 46970-1715
      View Details
    • Value Estimation
      $760,000
      30,973 SF

      100 Park Ave

      WAREHOUSE, STORAGE • 30,973 SF
      100 Park Ave, Peru, IN 46970-1702
      View Details
    • Value Estimation
      $550,000
      56,432 SF

      3311 State Rd 19

      WAREHOUSE, STORAGE • 56,432 SF
      3311 State Rd 19, Peru, IN 46970-7476
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      12.50 Acres

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    Similar Nearby for Lease

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    488 Canal St
    Peru, IN 46970-2538
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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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