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    Property profile & analytics

    508 Chestnut St Union City, IN 47390-1308

    • Outlet malls
    • 6,800 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Last Sale
    Oct 31, 2023
    Location Intelligence
    Property ID
    US31-2676249
    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

    • Outlet malls

    Property Details for 508 Chestnut St

    Year built
    1989
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.13 lot acres
    Property size
    6,800 SF
    Property type
    Outlet malls
    APN
    68-02-25-453-057.000-019
    APU
    680225453057000019

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Randolph
    State
    Indiana
    Longitude
    -84.8133
    Latitude
    40.1967

    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
    $5,103
    $44,100
    $126,000
    $170,100
    -
    $44,100
    $126,000
    $170,100

    Comparable in this City

    • Value Estimation
      $360,000
      8,250 SF

      360 Deerfield Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 8,250 SF
      360 Deerfield Rd, Union City, IN 47390-1039
      View Details
    • Value Estimation
      $400,000
      15,405 SF

      380 Deerfield Rd

      SHOPPING CENTER, STRIP CENTER • 15,405 SF
      380 Deerfield Rd, Union City, IN 47390-1039
      View Details
    • Value Estimation by Request

      401 Oak St

      Office Properties & Spaces
      401 Oak St, Union City, IN 47390
      View Details
    • Value Estimation by Request
      3,240 SF

      650 Chestnut St, Unit 2

      PARKING GARAGE, PARKING STRUCTURE • 3,240 SF
      650 Chestnut St, Union City, IN 47390-1210
      View Details
    • Value Estimation
      $335,000
      6,900 SF

      235 Chestnut St

      AUTO REPAIR, GARAGE • 6,900 SF
      235 Chestnut St, Union City, IN 47390-1427
      View Details
    • Value Estimation
      $385,000
      15,000 SF

      1355 Landsdowne Dr

      DEPARTMENT STORE • 15,000 SF
      1355 Landsdowne Dr, Union City, IN 47390-1043
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,868 SF

      Family Dollar Investment Opportunity

      Single-tenant Family Dollar with long-term lease potential in Union City.
      106 S Columbia St, Union City, IN 47390
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    • $750,000
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      Union City Industrial Land Investment

      10.95 Acres, Income-Producing Home
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    • $699,900
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      Versatile Industrial Facility For Sale

      Heavy-duty commercial facility with versatile space and excellent access.
      1303 W Chestnut St, Union City, IN 47390
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    • $750,000
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      Union City Land and Home

      10.95 acres with development potential and rental income.
      1246 S State Road 32, Union City, IN 47390
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    • $270,000
      15.00 Acres

      Productive Tillable Land with Road Frontage

      15 acres of tillable land near Union City, Indiana.
      700 E Co Rd, Union City, IN 47390
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      36,360 SF

      Union City Industrial Facility

      Versatile industrial facility for sale or lease in Union City.
      1303 W Chestnut St, Union City, IN 47390
      View Details
    • $10 SF/Yr
      52,595 SF

      Versatile Industrial Space in Union

      32,000 sq. ft. industrial building for lease.
      946 S State Road 32, Union City, IN 47390
      View Details
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    508 Chestnut St
    Union City, IN 47390-1308
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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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