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    Property profile & analytics

    5130 State Rd 135 Morgantown, IN 46160-8898

    • Office Properties & Spaces
    • 3,072 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Last Sale
    Nov 04, 2024
    Location Intelligence
    Property ID
    US31-1577598
    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

    • Brown County Water Utility Inc / Water Utility Company

    Property Details for 5130 State Rd 135

    Year built
    2003
    Construction
    WOOD
    Lot size
    0.66 lot acres
    Property size
    3,072 SF
    Zone code
    ZO01
    Property type
    Office Properties & Spaces
    APN
    07-02-30-300-144.000-002
    APU
    70230300144000002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Brown
    State
    Indiana
    Longitude
    -86.25
    Latitude
    39.2695
    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
    2022
    $0.00
    $46,200
    $237,100
    $283,300
    -
    $46,200
    $237,100
    $283,300

    Comparable in this City

    • Value Estimation by Request
      1,593 SF

      5075 State Rd 135

      OFFICE (GENERAL) • 1,593 SF
      5075 State Rd 135, Morgantown, IN 46160-8912
      View Details
    • Value Estimation by Request
      29,283 SF

      2717 Morgantown Rd

      OFFICE (GENERAL) • 29,283 SF
      2717 Morgantown Rd, Morgantown, IN 46160
      View Details
    • Value Estimation by Request
      276 SF

      160 Washington St

      OFFICE (GENERAL) • 276 SF
      160 Washington St, Morgantown, IN 46160-9547
      View Details
    • Value Estimation by Request
      2,800 SF

      120 Washington St

      OFFICE (GENERAL) • 2,800 SF
      120 Washington St, Morgantown, IN 46160-9547
      View Details
    • Value Estimation
      $135,000
      3,321 SF

      6729 800th W

      OFFICE (GENERAL) • 3,321 SF
      6729 800th W, Morgantown, IN 46160-8222
      View Details
    • Value Estimation
      $310,000
      5,120 SF

      109 Washington St

      OFFICE (GENERAL) • 5,120 SF
      109 Washington St, Morgantown, IN 46160-9548
      View Details

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      Duplex in Morgantown, IN with potential rental income.
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    5130 State Rd 135
    Morgantown, IN 46160-8898
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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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