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    Property profile & analytics

    501 150th W Patoka, IN 47666-9085

    • Commercial real estate
    • 0.62 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 06, 2024
    Location Intelligence
    Property ID
    US31-1425763
    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 501 150th W

    Year built
    1978
    Lot size
    0.62 lot acres
    Property type
    Commercial real estate
    APN
    26-04-23-400-000.051-018
    APU
    260423400000051018

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Patoka
    County
    Gibson
    State
    Indiana
    Longitude
    -87.5952
    Latitude
    38.4083
    CBSA code
    21780
    CBSA name
    EVANSVILLE, IN-KY 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
    $622
    $5,000
    $23,200
    $28,200
    -
    $5,000
    $23,200
    $28,200

    Comparable in this City

    • Value Estimation by Request
      462 SF

      115 Main St

      COMMERCIAL (GENERAL) • 462 SF
      115 Main St, Patoka, IN 47666
      View Details
    • Value Estimation by Request
      1,974 SF

      210 Grave St

      COMMERCIAL (GENERAL) • 1,974 SF
      210 Grave St, Patoka, IN 47666
      View Details
    • Value Estimation by Request
      2,160 SF

      309 Main St

      COMMERCIAL (GENERAL) • 2,160 SF
      309 Main St, Patoka, IN 47666-9515
      View Details
    • Value Estimation
      $335,000
      3,520 SF

      505 150th W

      COMMERCIAL (GENERAL) • 3,520 SF
      505 150th W, Patoka, IN 47666-9085
      View Details
    • Value Estimation
      $380,000
      3,100 SF

      510 Old Patoka Rd

      COMMERCIAL (GENERAL) • 3,100 SF
      510 Old Patoka Rd, Patoka, IN 47666
      View Details
    • Value Estimation by Request
      1,440 SF

      6087 200th N

      COMMERCIAL (GENERAL) • 1,440 SF
      6087 200th N, Patoka, IN 47666-9256
      View Details
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    501 150th W
    Patoka, IN 47666-9085
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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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