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    Property profile & analytics

    650 Market St Spencer, IN 47460-1132

    • Manufacturing properties
    • 18,825 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimation
    $420,000
    Last Sale
    Jul 15, 2021
    Location Intelligence
    Property ID
    US31-2103163
    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

    • Manufacturing properties

    Property Details for 650 Market St

    Year built
    1998
    Construction
    WOOD
    Lot size
    1.26 lot acres
    Property size
    18,825 SF
    Property type
    Manufacturing properties
    APN
    60-10-20-300-400.232-028
    APU
    601020300400232028

    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
    -86.7698
    Latitude
    39.2844
    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
    $2,710
    $15,100
    $100,700
    $115,800
    -
    $15,100
    $100,700
    $115,800

    Comparable in this City

    • Value Estimation
      $335,000
      5,355 SF

      36 Concord Rd

      MANUFACTURING (LIGHT) • 5,355 SF
      36 Concord Rd, Spencer, IN 47460-7511
      View Details
    • Value Estimation
      $490,000
      25,076 SF

      2087 Franklin Rd

      MANUFACTURING (LIGHT) • 25,076 SF
      2087 Franklin Rd, Spencer, IN 47460-5038
      View Details
    • Value Estimation
      $535,000
      47,020 SF

      640 Franklin St

      MANUFACTURING (LIGHT) • 47,020 SF
      640 Franklin St, Spencer, IN 47460-1828
      View Details
    • Value Estimation
      $400,000
      18,000 SF

      840 Hillside Ave

      MANUFACTURING (LIGHT) • 18,000 SF
      840 Hillside Ave, Spencer, IN 47460-1117
      View Details
    • Value Estimation
      $520,000
      20,768 SF

      2499 State Hwy 43

      MANUFACTURING (LIGHT) • 20,768 SF
      2499 State Hwy 43, Spencer, IN 47460-6733
      View Details
    • Value Estimation
      $305,000
      3.77 Acres

      212 Us Hwy 231

      MANUFACTURING (LIGHT) • 3.77 Acres
      212 Us Hwy 231, Spencer, IN 47460
      View Details

    Similar Nearby for Sale

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      11 acres in Owen County, Indiana, ideal for recreation.
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    • $229,900
      25.41 Acres

      25.41 Acres Near US 231

      25.41-acre property with wooded and tillable land near US 231.
      231 N Hwy, Spencer, IN 47460
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    • $87,500
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      Gosport, Indiana Wooded Land Parcel

      5-acre wooded parcel ready for a custom home.
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    • $129,900
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      14 Acres of Farmland

      14-acre farm lot in Owen County, ideal for homesteading.
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      View Details
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    650 Market St
    Spencer, IN 47460-1132
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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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