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    Property profile & analytics

    507 Main St Sheridan, IN 46069-1336

    • Auto shops
    • 2,128 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 01, 2025
    $325,000
    Location Intelligence
    Property ID
    US31-1183285
    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

    • Auto shops

    Property Details for 507 Main St

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.45 lot acres
    Property size
    2,128 SF
    Property type
    Auto shops
    APN
    29-01-32-307-038.000-002
    APU
    290132307038000002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.2203
    Latitude
    40.1339
    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
    $3,120
    $76,000
    $33,500
    $109,500
    -
    $76,000
    $33,500
    $109,500

    Comparable in this City

    • Value Estimation
      $330,000
      3,300 SF

      2650 State Rd 38

      AUTO REPAIR, GARAGE • 3,300 SF
      2650 State Rd 38, Sheridan, IN 46069-9701
      View Details
    • Value Estimation by Request
      8,464 SF

      506 Main St

      AUTO REPAIR, GARAGE • 8,464 SF
      506 Main St, Sheridan, IN 46069-1337
      View Details
    • Value Estimation
      $70,000
      1,801 SF

      404 Main St

      AUTO REPAIR, GARAGE • 1,801 SF
      404 Main St, Sheridan, IN 46069-1335
      View Details
    • Value Estimation by Request
      0.03 Acres

      322 Main St

      PARKING LOT • 0.03 Acres
      322 Main St, Sheridan, IN 46069-1113
      View Details
    • Value Estimation by Request
      0.06 Acres

      322 Main St

      PARKING LOT • 0.06 Acres
      322 Main St, Sheridan, IN 46069-1113
      View Details
    • Value Estimation by Request
      0.13 Acres

      207 Main St

      PARKING LOT • 0.13 Acres
      207 Main St, Sheridan, IN 46069-1141
      View Details

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    • Contact for pricing
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      285.35 acres at SWC of US-31 & 236th Street
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    • Contact for pricing

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      Westfield Development Land Opportunity

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    • $50,000
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      Land For Sale - Sheridan

      Land available in Sheridan, Indiana.
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      Residential land available in Sheridan, Indiana.
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    507 Main St
    Sheridan, IN 46069-1336
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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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