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    Property profile & analytics

    56 Main St New Palestine, IN 46163-9311

    • Strip malls
    • 4,080 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Last Sale
    Oct 05, 2020
    $285,000
    Location Intelligence
    Property ID
    US31-0627725
    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

    • Strip malls

    Property Details for 56 Main St

    Year built
    1964
    Construction
    WOOD
    Lot size
    0.37 lot acres
    Property size
    4,080 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    30-10-29-201-015.001-013
    APU
    301029201015001013

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Palestine
    County
    Hancock
    State
    Indiana
    Longitude
    -85.895
    Latitude
    39.7227
    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
    $4,841
    $88,600
    $129,000
    $217,600
    -
    $88,600
    $129,000
    $217,600

    Comparable in this City

    • Value Estimation by Request
      9,065 SF

      5040 Us Hwy 52

      SHOPPING CENTER, STRIP CENTER • 9,065 SF
      5040 Us Hwy 52, New Palestine, IN 46163-8636
      View Details
    • Value Estimation
      $365,000
      3,880 SF

      48 Main St

      SHOPPING CENTER, STRIP CENTER • 3,880 SF
      48 Main St, New Palestine, IN 46163-8554
      View Details
    • Value Estimation by Request
      13,080 SF

      5933 Us Hwy 52

      SHOPPING CENTER, STRIP CENTER • 13,080 SF
      5933 Us Hwy 52, New Palestine, IN 46163-9805
      View Details
    • Value Estimation
      $385,000
      5,800 SF

      5971 Us Hwy 52

      SHOPPING CENTER, STRIP CENTER • 5,800 SF
      5971 Us Hwy 52, New Palestine, IN 46163-9486
      View Details
    • Value Estimation
      $465,000
      11,940 SF

      4083 Arbor Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 11,940 SF
      4083 Arbor Ln, New Palestine, IN 46163-8644
      View Details
    • Value Estimation by Request
      10,941 SF

      5026 Us Hwy 52

      WHOLESALE OUTLET, DISCOUNT STORE • 10,941 SF
      5026 Us Hwy 52, New Palestine, IN 46163-9770
      View Details

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    56 Main St
    New Palestine, IN 46163-9311
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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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