Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    535 5th Ave Spencer, IN 47460-7172

    • Parking lots & garages
    • 1,800 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US31-2394689
    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

    • Parking lots & garages

    Property Details for 535 5th Ave

    Year built
    1988
    Construction
    WOOD
    Lot size
    1.04 lot acres
    Property size
    1,800 SF
    Property type
    Parking lots & garages
    APN
    60-10-20-300-340.000-028
    APU
    601020300340000028

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.7756
    Latitude
    39.2843
    CBSA code
    14020
    CBSA name
    BLOOMINGTON, 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
    $1,940
    $71,000
    $11,900
    $82,900
    -
    $71,000
    $11,900
    $82,900

    Comparable in this City

    • Value Estimation
      $280,000
      2.15 Acres

      272 Us Hwy 231

      PARKING LOT • 2.15 Acres
      272 Us Hwy 231, Spencer, IN 47460-6635
      View Details
    • Value Estimation by Request
      1,182 SF

      6 Fletcher Ave

      PARKING LOT • 1,182 SF
      6 Fletcher Ave, Spencer, IN 47460-1520
      View Details
    • Value Estimation by Request
      0.13 Acres

      169 Short St

      PARKING LOT • 0.13 Acres
      169 Short St, Spencer, IN 47460
      View Details
    • Value Estimation by Request
      0.39 Acres

      Montgomery St

      PARKING LOT • 0.39 Acres
      Montgomery St, Spencer, IN 47460
      View Details
    • Value Estimation by Request
      4,704 SF

      2133 State Hwy 43

      PARKING GARAGE, PARKING STRUCTURE • 4,704 SF
      2133 State Hwy 43, Spencer, IN 47460-6602
      View Details
    • Value Estimation by Request
      0.34 Acres

      709 Walnut St

      PARKING GARAGE, PARKING STRUCTURE • 0.34 Acres
      709 Walnut St, Spencer, IN 47460
      View Details

    Similar Nearby for Sale

    • $279,900
      0.18 Acres

      Spencer Warehouse with Showroom Space

      Warehouse with showroom, loading dock, and recent upgrades in Spencer.
      56 E Jefferson St, Spencer, IN 47460
      View Details
    • $294,900
      0.10 Acres

      Commercial Space Near Downtown Spencer

      4,600 SF commercial space ideal for food production/retail.
      127 S Main St, Spencer, IN 47460
      View Details
    • Contact for pricing
      1.35 Acres

      Residential Land with Lake Access

      Wooded 1.35-acre lot with utilities and lake access.
      00 Lakeside Dr, Spencer, IN 47460
      View Details
    • $550,000
      2.86 Acres

      Commercial Land in Spencer, Indiana

      2.861-acre commercial land available in Spencer, Indiana.
      46 W Hwy, Spencer, IN 47460
      View Details
    • $680,000
      6,996 SF

      Multifamily Investment Opportunity in Spencer

      Two fiveplex buildings near downtown Spencer, Indiana, with strong rental income.
      80 W Jefferson St, Spencer, IN 47460
      View Details
    • New
      $87,500
      5.00 Acres

      5-Acre Wooded Residential Land

      5-acre wooded parcel ready for a custom home.
      6 Hudson Hill Rd, Gosport, IN 47460
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    535 5th Ave
    Spencer, IN 47460-7172
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.