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 Pearl St New Albany, IN 47150-3326

    • Retail space
    • 4,840 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    Apr 10, 2023
    Location Intelligence
    Property ID
    US31-1897244
    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

    • NB-Develop / Real Estate Developer

    Property Details for 501 Pearl St

    Year built
    1923
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    4,840 SF
    Property type
    Retail space
    APN
    22-05-00-200-081.000-008
    APU
    220500200081000008

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.8239
    Latitude
    38.2872
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-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
    $4,075
    $42,500
    $98,100
    $140,600
    -
    $42,500
    $98,100
    $140,600

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      2539 Charlestown Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.19 Acres
      2539 Charlestown Rd, New Albany, IN 47150
      View Details
    • Value Estimation by Request
      1,062 SF

      319 Spg St

      RETAIL STORES (PERSONAL SERVICES) • 1,062 SF
      319 Spg St, New Albany, IN 47150-3424
      View Details
    • Value Estimation by Request
      916 SF

      1619 Main St

      RETAIL STORES (PERSONAL SERVICES) • 916 SF
      1619 Main St, New Albany, IN 47150-5733
      View Details
    • Value Estimation by Request
      5,730 SF

      324 Market St

      RETAIL STORES (PERSONAL SERVICES) • 5,730 SF
      324 Market St, New Albany, IN 47150-3414
      View Details
    • Value Estimation by Request
      4,872 SF

      3095 Blackiston Ml Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,872 SF
      3095 Blackiston Ml Rd, New Albany, IN 47150-9578
      View Details
    • Value Estimation by Request
      2,500 SF

      222 Spg St

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      222 Spg St, New Albany, IN 47150-3625
      View Details

    Similar Nearby for Sale

    • $450,000

      Established Scuba Dive Store

      Turnkey scuba dive business with real estate for sale.
      1121 State St, New Albany, IN 47150
      View Details
    • $2,000,000
      86,136 SF

      New Albany Storefront - Redevelopment

      Prime Downtown Location, Huge Potential
      1502 Beeler St, New Albany, IN 47150
      View Details
    • $699,000
      4,961 SF

      Renovated Commercial Property For Sale

      Recently renovated commercial property in a high-visibility location.
      2668 Charlestown Rd, New Albany, IN 47150
      View Details
    • $1,950,000
      25,300 SF

      Downtown New Albany Mixed-Use Building

      Historic mixed-use building with office, retail, and residential potential.
      222 Pearl St, New Albany, IN 47150
      View Details
    • $2,000,000
      2,250 SF

      NNN Leased PNC Bank

      NNN leased PNC Bank in rapidly growing retail hub.
      2014 State St, New Albany, IN 47150
      View Details
    • $10,527,033
      10,817 SF

      State Street Retail Portfolio

      Triple-Net Lease, High-Growth Area
      2135 State St, New Albany, IN 47150
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,569 SF

      Grant Line Crossing Retail Center

      New Albany, IN Retail Space Available
      1929 Mcdonald Ln, New Albany, IN 47150
      View Details
    • $3,200 /Mo
      2,586 SF

      Mixed-Use Property with Retail Space

      Retail space with upstairs apartment for rent.
      313 E Spring St, New Albany, IN 47150
      View Details
    • $18 SF/Yr
      1,200 SF

      New Albany Retail/Office Space

      Well-maintained 1,200 SF retail/office space in high-visibility center.
      3823-3831 Charlestown Rd, New Albany, IN 47150
      View Details
    • $1,600 /Mo
      1,390 SF

      High-Traffic Retail Space Available

      Retail space in high-traffic strip center near State Street.
      2708 Paoli Pike, New Albany, IN 47150
      View Details
    • $795,000
      3,374 SF

      Downtown New Albany Opportunity

      Purchase or lease opportunity in vibrant downtown New Albany.
      141 E Main St, New Albany, IN 47150
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 628 State Street.
      628 State St, New Albany, IN 47150
      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 Pearl St
    New Albany, IN 47150-3326
    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.