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

    5481 450th W Berne, IN 46711-9507

    • Office Properties & Spaces
    • 27,003 SF
    • 6.71 lot acres
    OFF-MARKET
    Value Estimation
    $445,000
    Location Intelligence
    Property ID
    US31-1810889
    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

    • Office Properties & Spaces

    Property Details for 5481 450th W

    Year built
    1965
    Construction
    WOOD
    Lot size
    6.71 lot acres
    Property size
    27,003 SF
    Property type
    Office Properties & Spaces
    APN
    01-07-35-200-005.000-004
    APU
    10735200005000004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $430,000

    • CAP approach

      CAP return
      Estimation
      6%
      $615,000
      6.5%
      $580,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $580,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $545,000
      Retail
      $520,000
      Mixed-Use
      $520,000
      Hospitality
      $535,000
      Educational
      $465,000
      Residential Income
      $450,000
      Energy
      $600,000
      Income-Based Land
      $505,000
      Food Service
      $580,000

    Location Insight

    • Map
    • Local Demand
    City
    Berne
    County
    Adams
    State
    Indiana
    Longitude
    -85.0219
    Latitude
    40.6634
    CBSA code
    19540
    CBSA name
    DECATUR, IN MICROPOLITAN 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
    $80,400
    $553,600
    $634,000
    -
    $80,400
    $553,600
    $634,000

    Comparable in this City

    • Value Estimation by Request
      2,238 SF

      6825 75th E

      OFFICE (GENERAL) • 2,238 SF
      6825 75th E, Berne, IN 46711-9414
      View Details
    • Value Estimation
      $370,000
      3,050 SF

      6838 300th W

      OFFICE (GENERAL) • 3,050 SF
      6838 300th W, Berne, IN 46711-9583
      View Details
    • Value Estimation
      $405,000
      4,392 SF

      1469 200th S

      OFFICE (GENERAL) • 4,392 SF
      1469 200th S, Berne, IN 46711-9575
      View Details
    • Value Estimation
      $330,000
      3,375 SF

      360 Main St

      OFFICE (GENERAL) • 3,375 SF
      360 Main St, Berne, IN 46711-1436
      View Details
    • Value Estimation by Request
      14,172 SF

      718 Main St

      OFFICE (GENERAL) • 14,172 SF
      718 Main St, Berne, IN 46711-1617
      View Details
    • Value Estimation
      $385,000
      3,308 SF

      298 Emmental Dr

      OFFICE (GENERAL) • 3,308 SF
      298 Emmental Dr, Berne, IN 46711-2072
      View Details

    Similar Nearby for Sale

    • $34,000
      0.33 Acres

      Berne, IN Residential Land

      Residential land in a peaceful 55+ community in Berne, Indiana.
      Tbd Hahnemann Ct, Berne, IN 46711
      View Details
    • $1,075,000
      10,000 SF

      Berne, IN Shopping Center

      10,000 SF shopping center on major thoroughfare, Hwy 27.
      920 W 500 S, Berne, IN 46711
      View Details
    • $1,075,000
      10,000 SF

      920 500

      Lifestyle centers • 10,000 SF
      920 500, Berne, IN 46711
      View Details
    • $230,000
      3,318 SF

      Berne Six-Plex Investment Opportunity

      Six-unit apartment building in Berne, Indiana, with investment potential.
      260 S Jefferson St, Berne, IN 46711
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      15,000 SF

      Berne Corporate Office Space Available

      15,000 SF corporate office space for lease in Berne, IN.
      917 Liechty Rd, Berne, IN 46711
      View Details
    • $3 SF/Yr
      11,954 SF

      Downtown Berne Retail Space

      Retail building with parking and billboard in downtown Berne.
      117 W Main St, Berne, IN 46711
      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.
    5481 450th W
    Berne, IN 46711-9507
    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.