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    Property profile & analytics

    5884 Wilbur Wright Rd Straughn, IN 47387-9745

    • Grocery and convenience stores
    • 2,705 SF
    • 8.92 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 27, 2023
    Location Intelligence
    Property ID
    US31-2457510
    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

    • Grocery and convenience stores

    Property Details for 5884 Wilbur Wright Rd

    Year built
    1974
    Construction
    WOOD
    Lot size
    8.92 lot acres
    Property size
    2,705 SF
    Property type
    Grocery and convenience stores
    APN
    33-18-12-000-308.000-003
    APU
    331812000308000003

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Straughn
    County
    Henry
    State
    Indiana
    Longitude
    -85.2615
    Latitude
    39.8485
    CBSA code
    35220
    CBSA name
    NEW CASTLE, 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
    2023
    $26,695
    $352,900
    $1,005,300
    $1,358,200
    -
    $352,900
    $1,005,300
    $1,358,200

    Comparable in this City

    • Value Estimation by Request
      1,080 SF

      6972 State Rd 103

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      6972 State Rd 103, Straughn, IN 47387-9720
      View Details
    • Value Estimation
      $310,000
      8.08 Acres

      Wilbur Wright Rd

      PARKING LOT • 8.08 Acres
      Wilbur Wright Rd, Straughn, IN 47387
      View Details
    • Value Estimation
      $335,000
      5.00 Acres

      Wilbur Wright Rd

      PARKING LOT • 5.00 Acres
      Wilbur Wright Rd, Straughn, IN 47387
      View Details
    • Value Estimation by Request
      1,620 SF

      4753 Us Hwy 40

      INDUSTRIAL (GENERAL) • 1,620 SF
      4753 Us Hwy 40, Straughn, IN 47387-9760
      View Details
    • Value Estimation by Request
      0.03 Acres

      Us Hwy 40

      VACANT COMMERCIAL LAND • 0.03 Acres
      Us Hwy 40, Straughn, IN 47387
      View Details
    • Value Estimation by Request
      3.59 Acres

      4391 Us Hwy 40

      COMMERCIAL (GENERAL) • 3.59 Acres
      4391 Us Hwy 40, Straughn, IN 47387-9757
      View Details
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    5884 Wilbur Wright Rd
    Straughn, IN 47387-9745
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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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