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    Property profile & analytics

    700 State St Albany, IN 47320-1515

    • Office Properties & Spaces
    • 55,740 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 10, 2023
    Location Intelligence
    Property ID
    US31-2441230
    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

    • Albany Elementary School / Elementary School / Public Educational Institution

    Property Details for 700 State St

    Year built
    1951
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.00 lot acres
    Property size
    55,740 SF
    Property type
    Office Properties & Spaces
    APN
    18-08-02-262-011.000-005
    APU
    180802262011000005

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Delaware
    State
    Indiana
    Longitude
    -85.245
    Latitude
    40.3001
    CBSA code
    34620
    CBSA name
    MUNCIE, 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
    $10
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      1,716 SF

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      $465,000
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      125 Broadway St

      OFFICE (GENERAL) • 16,386 SF
      125 Broadway St, Albany, IN 47320
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      5440 County Rd 450th N

      OFFICE (GENERAL) • 3,694 SF
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    • Value Estimation by Request
      1,229 SF

      926 Walnut St

      MEDICAL BUILDING • 1,229 SF
      926 Walnut St, Albany, IN 47320-1530
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      3,000 SF

      927 Walnut St

      MEDICAL BUILDING • 3,000 SF
      927 Walnut St, Albany, IN 47320-1529
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    • Value Estimation
      $340,000
      4,244 SF

      9900 Patrick Rd

      MEDICAL BUILDING • 4,244 SF
      9900 Patrick Rd, Albany, IN 47320-9702
      View Details

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    700 State St
    Albany, IN 47320-1515
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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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