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    Property profile & analytics

    493 400th S Portland, IN 47371-8973

    • Commercial real estate
    • 12.23 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Location Intelligence
    Property ID
    US31-2331630
    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

    • Commercial real estate

    Property Details for 493 400th S

    Year built
    2002
    Lot size
    12.23 lot acres
    Property type
    Commercial real estate
    APN
    38-11-08-500-002.002-029
    APU
    381108500002002029

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Jay
    State
    Indiana
    Longitude
    -84.988
    Latitude
    40.379

    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
    $2,333
    $62,900
    $67,700
    $130,600
    -
    $62,900
    $67,700
    $130,600

    Comparable in this City

    • Value Estimation by Request
      1.18 Acres

      1200 450th S

      COMMERCIAL (GENERAL) • 1.18 Acres
      1200 450th S, Portland, IN 47371-8888
      View Details
    • Value Estimation by Request
      0.12 Acres

      High St

      COMMERCIAL (GENERAL) • 0.12 Acres
      High St, Portland, IN 47371
      View Details
    • Value Estimation by Request
      1,590 SF

      226 6th St

      COMMERCIAL (GENERAL) • 1,590 SF
      226 6th St, Portland, IN 47371-2704
      View Details
    • Value Estimation by Request
      20,996 SF

      22 800th E

      COMMERCIAL (GENERAL) • 20,996 SF
      22 800th E, Portland, IN 47371-8631
      View Details
    • Value Estimation by Request
      2,970 SF

      235 Main St

      COMMERCIAL (GENERAL) • 2,970 SF
      235 Main St, Portland, IN 47371-2203
      View Details
    • Value Estimation by Request
      4,664 SF

      203 Main St

      COMMERCIAL (GENERAL) • 4,664 SF
      203 Main St, Portland, IN 47371-2124
      View Details

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      Established industrial maintenance company with strong revenue.
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      0.69 Acres

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      Heavily Wooded Land Parcel

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      Newer Medical Construction For Sale

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    Similar Nearby for Lease

    • $144 SF/Yr
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      Portland Executive Office Suite

      Prime Portland Office, 1207 sq ft
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    • Contact for pricing
      179 SF

      Portland Office Space: 179 sq ft

      Prime downtown Portland office, perfect for small businesses.
      112 Meridian St, Portland, IN 47371
      View Details
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    493 400th S
    Portland, IN 47371-8973
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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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