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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6142 Us Hwy 231 Jasper, IN 47546-9499

    • Residential income homes
    • 3,840 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1910756
    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

    • Residential income homes

    Property Details for 6142 Us Hwy 231

    Year built
    1995
    Construction
    WOOD
    Lot size
    0.92 lot acres
    Property size
    3,840 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    19-03-36-700-061.007-011
    APU
    190336700061007011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $206,000
      Market price range: $206k - $287k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $255,000
      Current use
      COMMERCIAL (GENERAL)
      $280,000
      Change: +12% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $265,000
      Change: +4% Conversion: Difficult
      MEDICAL BUILDING
      $255,000
      Change: +1% Conversion: Moderate
      RETAIL STORES
      $220,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Dubois
    State
    Indiana
    Longitude
    -86.9146
    Latitude
    38.4689
    CBSA code
    27540
    CBSA name
    JASPER, 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
    $1,655
    $24,800
    $90,100
    $114,900
    -
    $24,800
    $90,100
    $114,900

    Comparable in this City

    • Value Estimation
      $290,000
      4,264 SF

      520 Cir Pne Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,264 SF
      520 Cir Pne Dr, Jasper, IN 47546-9208
      View Details
    • Value Estimation
      $240,000
      4,557 SF

      107 14th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,557 SF
      107 14th St, Jasper, IN 47546-2327
      View Details
    • Value Estimation
      $250,000
      2,400 SF

      1401 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,400 SF
      1401 Main St, Jasper, IN 47546-2020
      View Details
    • Value Estimation
      $240,000
      4,032 SF

      4180 Wilhelm Strasse

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,032 SF
      4180 Wilhelm Strasse, Jasper, IN 47546-7976
      View Details
    • Value Estimation
      $295,000
      4,588 SF

      471 Rumbach Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,588 SF
      471 Rumbach Ave, Jasper, IN 47546-3554
      View Details
    • Value Estimation
      $260,000
      3,780 SF

      4080 Wilhelm Strasse

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,780 SF
      4080 Wilhelm Strasse, Jasper, IN 47546-7970
      View Details

    Similar Nearby for Sale

    • $75,000
      1.15 Acres

      Residential Land in Jasper, Indiana

      Residential land suitable for building a home in Jasper, Indiana.
      St. Charles St, Jasper, IN 47546
      View Details
    • $5,007,803

      Two-Property Grocery Store Portfolio

      Two IGA grocery stores in Illinois and Indiana for sale.
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    • New
      $31,000
      Pending

      Residential Land in Jasper, IN

      0.86 acre residential land near Jasper amenities.
      1740 W State Road 56, Jasper, IN 47546
      View Details
    • $170,250
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      Agricultural Land in Dubois County

      13.62 acres of agricultural land for sale in Jasper, IN.
      E State Rd. 56 Hwy, Jasper, IN 47546
      View Details
    • $370,000
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      Versatile Industrial Building in Jasper

      3,200 sq ft industrial building on 0.38 acres.
      990 Fairview Ave, Jasper, IN 47546
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,049 SF

      Retail Space in Jasper Center

      Retail spaces available in Walmart-anchored shopping center in Jasper, Indiana.
      3954-3966 N Newton St, Jasper, IN 47546
      View Details
    • Contact for pricing
      4,400 SF

      Retail Suites and Outparcel Available

      Retail suites and outparcel available for lease or sale.
      3703 North Newton St, Jasper, IN 47546
      View Details
    • $2,500 /Mo
      5,760 SF

      Spacious Warehouse Ready For Lease

      5760 sq ft warehouse with loading dock and three-phase electric.
      1325 Franklin St, Jasper, IN 47546
      View Details
    • Contact for pricing
      9,000 SF

      Retail Center in Jasper, Indiana

      107,641 SF retail center with high visibility and access.
      723-851 3Rd Ave, Jasper, IN 47546
      View Details
    • Contact for pricing
      8,255 SF

      Jasper Retail Center - 3 Suites Available

      Prime Jasper retail space, 8,255 sq ft total.
      671 3Rd Ave, Jasper, IN 47546
      View Details
    • $22 SF/Yr
      800 SF

      Upscale Mixed-Use Space in Jasper

      Prime 800 sq ft mixed-use space in River Centre.
      225 River Center Lndg, Jasper, IN 47546
      View Details
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    6142 Us Hwy 231
    Jasper, IN 47546-9499
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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