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    Property profile & analytics

    6920 State Rd 1st 1 Spencerville, IN 46788-9431

    • Commercial real estate
    • 6,160 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 17, 2022
    Location Intelligence
    Property ID
    US31-0777230
    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

    • Commercial real estate

    Property Details for 6920 State Rd 1st 1

    Year built
    1917
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Property size
    6,160 SF
    Property type
    Commercial real estate
    APN
    17-11-33-103-003.000-021
    APU
    171133103003000021

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencerville
    County
    Dekalb
    State
    Indiana
    Longitude
    -84.9224
    Latitude
    41.2822
    CBSA code
    12140
    CBSA name
    AUBURN, 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
    $453
    $8,500
    $29,100
    $37,600
    -
    $8,500
    $29,100
    $37,600

    Comparable in this City

    • Value Estimation by Request
      17,364 SF

      5585 County Rd 68

      COMMERCIAL (GENERAL) • 17,364 SF
      5585 County Rd 68, Spencerville, IN 46788-9720
      View Details
    • Value Estimation by Request
      6,480 SF

      18322 State Rd 101

      COMMERCIAL (GENERAL) • 6,480 SF
      18322 State Rd 101, Spencerville, IN 46788-9654
      View Details
    • Value Estimation by Request
      0.71 Acres

      17907 Thunder Rdg

      Land • 0.71 Acres
      17907 Thunder Rdg, Spencerville, IN 46788
      View Details
    • Value Estimation by Request
      1,760 SF

      6920 State Rd 1st 1

      COMMERCIAL (GENERAL) • 1,760 SF
      6920 State Rd 1st 1, Spencerville, IN 46788-9431
      View Details
    • Value Estimation by Request
      20,992 SF

      6864 State Rd 1st 1

      COMMERCIAL (GENERAL) • 20,992 SF
      6864 State Rd 1st 1, Spencerville, IN 46788
      View Details
    • Value Estimation by Request
      3,600 SF

      6406 County Rd 72

      COMMERCIAL (GENERAL) • 3,600 SF
      6406 County Rd 72, Spencerville, IN 46788
      View Details

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      0.298 acre building lot in Leo's Premier subdivision.
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    6920 State Rd 1st 1
    Spencerville, IN 46788-9431
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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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