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    Property profile & analytics

    502 4th St Mount Vernon, IN 47620

    • Retail space
    • 15,600 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 07, 2022
    Location Intelligence
    Property ID
    US31-1917597
    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 502 4th St

    Year built
    2004
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.92 lot acres
    Property size
    15,600 SF
    Property type
    Retail space
    APN
    65-27-08-112-010.000-018
    APU
    652708112010000018

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Posey
    State
    Indiana
    Longitude
    -87.8903
    Latitude
    37.9332
    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
    $31,032
    $72,000
    $962,400
    $1,034,400
    -
    $72,000
    $962,400
    $1,034,400

    Comparable in this City

    • Value Estimation by Request
      918 SF

      108 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 918 SF
      108 2nd St, Mount Vernon, IN 47620-1807
      View Details
    • Value Estimation by Request
      720 SF

      833 4th St

      RETAIL STORES (PERSONAL SERVICES) • 720 SF
      833 4th St, Mount Vernon, IN 47620-2012
      View Details
    • Value Estimation
      $335,000
      2,242 SF

      100 Lawrence Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,242 SF
      100 Lawrence Dr, Mount Vernon, IN 47620-1243
      View Details
    • Value Estimation by Request
      574 SF

      214 Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 574 SF
      214 Walnut St, Mount Vernon, IN 47620-1857
      View Details
    • Value Estimation
      $200,000
      3,168 SF

      200 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,168 SF
      200 Main St, Mount Vernon, IN 47620-1840
      View Details
    • Value Estimation
      $345,000
      8,162 SF

      College Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,162 SF
      College Ave, Mount Vernon, IN 47620
      View Details

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      Prime CBD location, vacant, development potential.
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    Similar Nearby for Lease

    • Contact for pricing
      6,822 SF

      Mount Vernon Retail Space Available

      Retail space available for lease in Mount Vernon, Indiana.
      111 Water St, Mount Vernon, IN 47620
      View Details
    • $1,750 /Mo
      1,650 SF

      Mount Vernon Retail Space Available

      Retail space available for lease in Mount Vernon, Indiana.
      500-550 E 4Th St, Mount Vernon, IN 47620
      View Details
    • $6 SF/Yr
      4,410 SF

      Mount Vernon Office Space Available

      Office space for lease with highway access and storage options.
      7451 Highway 62 E, Mount Vernon, IN 47620
      View Details
    • $12 SF/Yr
      3,450 SF

      Downtown Office Space Available

      Office space in the heart of downtown Mount Vernon.
      112 E 3Rd St, Mount Vernon, IN 47620
      View Details
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    502 4th St
    Mount Vernon, IN 47620
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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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