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    Property profile & analytics

    615 State Hwy 46 Spencer, IN 47460-9008

    • Retail space
    • 700 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 13, 2024
    Location Intelligence
    Property ID
    US31-1571706
    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 615 State Hwy 46

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Property size
    700 SF
    Property type
    Retail space
    APN
    60-10-19-100-045.000-027
    APU
    601019100045000027

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.7802
    Latitude
    39.2902
    CBSA code
    14020
    CBSA name
    BLOOMINGTON, 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
    $812
    $24,700
    $28,400
    $53,100
    -
    $24,700
    $28,400
    $53,100

    Comparable in this City

    • Value Estimation by Request
      3,112 SF

      400 Jefferson St

      RETAIL STORES (PERSONAL SERVICES) • 3,112 SF
      400 Jefferson St, Spencer, IN 47460-1846
      View Details
    • Value Estimation
      $325,000
      2,288 SF

      252 Morgan St

      RETAIL STORES (PERSONAL SERVICES) • 2,288 SF
      252 Morgan St, Spencer, IN 47460-1218
      View Details
    • Value Estimation
      $445,000
      7,360 SF

      800 Morgan St

      RETAIL STORES (PERSONAL SERVICES) • 7,360 SF
      800 Morgan St, Spencer, IN 47460-1138
      View Details
    • Value Estimation
      $735,000
      5,000 SF

      5 Short St

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      5 Short St, Spencer, IN 47460-1233
      View Details
    • Value Estimation
      $340,000
      7,688 SF

      320 State Hwy 46

      RETAIL STORES (PERSONAL SERVICES) • 7,688 SF
      320 State Hwy 46, Spencer, IN 47460-6445
      View Details
    • Value Estimation by Request
      13,020 SF

      87 Franklin St

      RETAIL STORES (PERSONAL SERVICES) • 13,020 SF
      87 Franklin St, Spencer, IN 47460
      View Details

    Similar Nearby for Sale

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      Commercial Space Near Downtown Spencer

      4,600 SF commercial space ideal for food production/retail.
      127 S Main St, Spencer, IN 47460
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    • $279,900
      0.18 Acres

      Spencer Warehouse with Showroom Space

      Warehouse with showroom, loading dock, and recent upgrades in Spencer.
      56 E Jefferson St, Spencer, IN 47460
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    • Contact for pricing
      1.35 Acres

      Residential Land with Lake Access

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    • $550,000
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      Commercial Land in Spencer, Indiana

      2.861-acre commercial land available in Spencer, Indiana.
      46 W Hwy, Spencer, IN 47460
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    • $87,500
      5.00 Acres

      5-Acre Wooded Residential Land

      5-acre wooded parcel ready for a custom home.
      6 Hudson Hill Rd, Gosport, IN 47460
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    • $680,000
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      Multifamily Investment Opportunity in Spencer

      Two fiveplex buildings near downtown Spencer, Indiana, with strong rental income.
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    615 State Hwy 46
    Spencer, IN 47460-9008
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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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