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    Property profile & analytics

    6 State St North Vernon, IN 47265

    • Retail space
    • 6,000 SF
    • 0.33 lot acres
    For Lease
    View listing
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US31-2143868
    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

    • Retail space

    Property Details for 6 State St

    Year built
    2009
    Construction
    WOOD
    Lot size
    0.33 lot acres
    Property size
    6,000 SF
    Property type
    Retail space
    APN
    40-09-34-320-102.000-004
    APU
    400934320102000004

    Description

    This exceptional retail opportunity in North Vernon, Indiana, presents a 6,000 square foot strip center with 2 suites. A significant 4,780 square feet is currently vacant, offering substantial space for a single tenant or the potential to subdivide. The property boasts a highly visible location on South State Street, in the 47265 zip code, and includes 33 parking spaces for customer convenience. The 0.66-acre lot provides ample room for operations and potential expansion. The adaptable layout is perfect for various retail concepts, offering flexibility to suit diverse business needs. This property is well-maintained and ready for immediate occupancy, presenting a unique chance to establish a strong retail presence in a thriving commercial area. Its prime location and ample parking ensure high visibility and accessibility for customers. The property's modern design and functional layout make it an attractive option for businesses seeking a well-equipped and conveniently located space. Don't miss this chance to secure a prominent retail location in North Vernon.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $460,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $440,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $430,000
      Retail
      $355,000
      Mixed-Use
      $435,000
      Hospitality
      $440,000
      Educational
      $435,000
      Residential Income
      $420,000
      Energy
      $475,000
      Income-Based Land
      $355,000
      Food Service
      $410,000

    Location Insight

    • Map
    • Local Demand
    City
    North Vernon
    County
    Jennings
    State
    Indiana
    Longitude
    -85.6258
    Latitude
    39.0033
    CBSA code
    35860
    CBSA name
    NORTH VERNON, 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
    $9,861
    $39,200
    $289,500
    $328,700
    -
    $39,200
    $289,500
    $328,700

    Comparable in this City

    • Value Estimation by Request
      2,772 SF

      61 Norris Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,772 SF
      61 Norris Ave, North Vernon, IN 47265-1720
      View Details
    • Value Estimation by Request
      468 SF

      7195 Us Hwy 50

      RETAIL STORES (PERSONAL SERVICES) • 468 SF
      7195 Us Hwy 50, North Vernon, IN 47265-7457
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    • Value Estimation by Request
      3,626 SF

      216 Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 3,626 SF
      216 Walnut St, North Vernon, IN 47265-1516
      View Details
    • Value Estimation by Request
      1,401 SF

      49 Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 1,401 SF
      49 Walnut St, North Vernon, IN 47265-1511
      View Details
    • Value Estimation by Request
      2,636 SF

      212 Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 2,636 SF
      212 Walnut St, North Vernon, IN 47265-1516
      View Details
    • Value Estimation by Request
      2,692 SF

      412 O And M Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,692 SF
      412 O And M Ave, North Vernon, IN 47265-1216
      View Details

    Similar Nearby for Sale

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      6.01 Acres

      Improved 6-Acre Lot Opportunity

      6-acre lot with improvements, ideal for building or recreation.
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    Similar Nearby for Lease

    • $5 SF/Yr
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      North Vernon Medical Office Space

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    • Contact for pricing
      6,000 SF

      Prime North Vernon Retail Space

      6,000 SF Strip Center, 4,780 SF Available
      6 State St, North Vernon, IN 47265
      View Details
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    6 State St
    North Vernon, IN 47265
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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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