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    Property profile & analytics

    502 Main St Cloverdale, IN 46120-8140

    • Retail space
    • 2,184 SF
    • 1.36 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Last Sale
    Jan 15, 2020
    Location Intelligence
    Property ID
    US31-1644233
    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

    • Misty's House of Cuts / Beauty Salon
    • Summer Breeze Tanning / Tanning Salon
    • Ridgewood Apartments / Apartment Building

    Property Details for 502 Main St

    Year built
    1985
    Construction
    WOOD
    Lot size
    1.36 lot acres
    Property size
    2,184 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    67-15-06-301-024.000-003
    APU
    671506301024000003

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cloverdale
    County
    Putnam
    State
    Indiana
    Longitude
    -86.7947
    Latitude
    39.506
    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
    $4,515
    $83,300
    $114,000
    $197,300
    -
    $83,300
    $114,000
    $197,300

    Comparable in this City

    • Value Estimation by Request
      4,015 SF

      103 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,015 SF
      103 Main St, Cloverdale, IN 46120
      View Details
    • Value Estimation
      $520,000
      11,450 SF

      10 Crosswinds Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,450 SF
      10 Crosswinds Dr, Cloverdale, IN 46120-8412
      View Details
    • Value Estimation
      $320,000
      5,231 SF

      354 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,231 SF
      354 Main St, Cloverdale, IN 46120-9600
      View Details
    • Value Estimation
      $60,000
      2,760 SF

      10 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,760 SF
      10 Main St, Cloverdale, IN 46120-8531
      View Details
    • Value Estimation
      $265,000
      4,301 SF

      2 High St

      RETAIL STORES (PERSONAL SERVICES) • 4,301 SF
      2 High St, Cloverdale, IN 46120-8655
      View Details
    • Value Estimation by Request
      2,501 SF

      13867-1386 Ws R 42

      RETAIL STORES (PERSONAL SERVICES) • 2,501 SF
      13867-1386 Ws R 42, Cloverdale, IN 46120
      View Details

    Similar Nearby for Sale

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      1.24-acre commercial lot, high visibility.
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    502 Main St
    Cloverdale, IN 46120-8140
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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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