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    Property profile & analytics

    4998 State Rd 23 Grovertown, IN 46531-9702

    • Retail space
    • 1,104 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-2599150
    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 4998 State Rd 23

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    1,104 SF
    Property type
    Retail space
    APN
    75-03-27-202-004.000-009
    APU
    750327202004000009

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grovertown
    County
    Starke
    State
    Indiana
    Longitude
    -86.5062
    Latitude
    41.3747

    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
    $1,043
    $11,100
    $9,300
    $20,400
    -
    $11,100
    $9,300
    $20,400

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      4377 1200th E

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      4377 1200th E, Grovertown, IN 46531-9305
      View Details
    • Value Estimation
      $330,000
      1,428 SF

      10660 Us Hwy 30

      RETAIL STORES (PERSONAL SERVICES) • 1,428 SF
      10660 Us Hwy 30, Grovertown, IN 46531-9540
      View Details
    • Value Estimation by Request
      2,355 SF

      4421 1150th E

      AUTO REPAIR, GARAGE • 2,355 SF
      4421 1150th E, Grovertown, IN 46531-9491
      View Details
    • Value Estimation by Request
      0.12 Acres

      23 Sr

      PARKING LOT • 0.12 Acres
      23 Sr, Grovertown, IN 46531
      View Details
    • Value Estimation by Request
      2,400 SF

      4830 State Rd 23

      VEHICLE SALES, RENTALS • 2,400 SF
      4830 State Rd 23, Grovertown, IN 46531-9701
      View Details
    • Value Estimation by Request
      1.20 Acres

      4525 1200th E

      VACANT COMMERCIAL LAND • 1,776 SF
      4525 1200th E, Grovertown, IN 46531-9203
      View Details

    Similar Nearby for Sale

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      13.76 Acres

      Grovertown Land for Hunting

      Heavily wooded 13.76 acre property suitable for private hunting.
      500 N 500, Grovertown, IN 46531
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    • $375,000
      32.00 Acres

      Productive Agricultural Land For Sale

      31+/- acres of prime corn and bean producing land.
      Tbd 550N Rd, Grovertown, IN 46531
      View Details
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    4998 State Rd 23
    Grovertown, IN 46531-9702
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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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