Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    501 Main St Summitville, IN 46070-9407

    • Office Properties & Spaces
    • 2,528 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US31-1163138
    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

    • Office Properties & Spaces

    Property Details for 501 Main St

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    2,528 SF
    Property type
    Office Properties & Spaces
    APN
    48-01-20-300-082.000-037
    APU
    480120300082000037

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $380,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $375,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $335,000
      Mixed-Use
      $315,000
      Hospitality
      $335,000
      Educational
      $370,000
      Residential Income
      $330,000
      Energy
      $305,000
      Income-Based Land
      $310,000
      Food Service
      $320,000

    Location Insight

    • Map
    • Local Demand
    City
    Summitville
    County
    Madison
    State
    Indiana
    Longitude
    -85.6447
    Latitude
    40.3411
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, 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
    $4,564
    $2,800
    $157,500
    $160,300
    -
    $2,800
    $157,500
    $160,300

    Comparable in this City

    • Value Estimation
      $410,000
      18,522 SF

      Ml St

      OFFICE (GENERAL) • 18,522 SF
      Ml St, Summitville, IN 46070
      View Details
    • Value Estimation by Request
      5,608 SF

      1013 Church St

      OFFICE (GENERAL) • 5,608 SF
      1013 Church St, Summitville, IN 46070
      View Details
    • Value Estimation
      $430,000
      18,728 SF

      Walnut St

      OFFICE (GENERAL) • 18,728 SF
      Walnut St, Summitville, IN 46070
      View Details
    • Value Estimation
      $380,000
      11,218 SF

      Walnut St

      OFFICE (GENERAL) • 11,218 SF
      Walnut St, Summitville, IN 46070
      View Details
    • Value Estimation by Request
      0.04 Acres

      126 Main Walnut

      VACANT COMMERCIAL LAND • 0.04 Acres
      126 Main Walnut, Summitville, IN 46070
      View Details
    • Value Estimation by Request
      0.15 Acres

      Main St

      INDUSTRIAL - VACANT LAND • 0.15 Acres
      Main St, Summitville, IN 46070
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 Main St
    Summitville, IN 46070-9407
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.