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    Property profile & analytics

    501 Main St Clay City, IN 47841-1120

    • Grocery and convenience stores
    • 3,488 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US31-1681484
    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

    • Grocery and convenience stores

    Property Details for 501 Main St

    Year built
    2019
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.14 lot acres
    Property size
    3,488 SF
    Property type
    Grocery and convenience stores
    APN
    11-10-30-100-139.000-006
    APU
    111030100139000006

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clay City
    County
    Clay
    State
    Indiana
    Longitude
    -87.1124
    Latitude
    39.2795
    CBSA code
    45460
    CBSA name
    TERRE HAUTE, 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
    $8,147
    $3,000
    $284,700
    $287,700
    -
    $3,000
    $284,700
    $287,700

    Comparable in this City

    • Value Estimation
      $375,000
      9,600 SF

      6505 State Rd 59

      GROCERY, SUPERMARKET • 9,600 SF
      6505 State Rd 59, Clay City, IN 47841-8085
      View Details
    • Value Estimation
      $420,000
      4,260 SF

      10 Main St

      CONVENIENCE STORE • 4,260 SF
      10 Main St, Clay City, IN 47841-1034
      View Details
    • Value Estimation by Request
      2,352 SF

      106 8th St

      RETAIL STORES (PERSONAL SERVICES) • 2,352 SF
      106 8th St, Clay City, IN 47841-1302
      View Details
    • Value Estimation by Request
      960 SF

      807 Main St

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      807 Main St, Clay City, IN 47841-1333
      View Details
    • Value Estimation
      $405,000
      4,732 SF

      802 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,732 SF
      802 Main St, Clay City, IN 47841-1334
      View Details
    • Value Estimation
      $390,000
      4,560 SF

      730 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,560 SF
      730 Main St, Clay City, IN 47841-1332
      View Details

    Similar Nearby for Sale

    • $75,000
      0.07 Acres

      Renovated Commercial Space on Main

      Versatile commercial space perfect for a variety of businesses.
      718 Main St, Clay City, IN 47841
      View Details
    • $120,000

      Thriving Garden Center For Sale

      Established garden center on 1.07 acres in Clay City, Indiana.
      930 W County Road 750 S, Clay City, IN 47841
      View Details
    • $725,000
      70.00 Acres

      Productive Farmland with Wooded Acreage

      70-acre property with tillable land and recreational wooded acreage.
      County Road 200 E, Clay City, IN 47841
      View Details
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    501 Main St
    Clay City, IN 47841-1120
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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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