Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    7007 Majors Rd Hanover, IN 47243-9245

    • Office Properties & Spaces
    • 5,263 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-2106093
    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

    • Office Properties & Spaces

    Property Details for 7007 Majors Rd

    Year built
    1900
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.75 lot acres
    Property size
    5,263 SF
    Property type
    Office Properties & Spaces
    APN
    39-13-31-000-032.000-012
    APU
    391331000032000012

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Jefferson
    State
    Indiana
    Longitude
    -85.4602
    Latitude
    38.6517
    CBSA code
    31500
    CBSA name
    MADISON, 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
    $0.00
    $6,300
    $94,700
    $101,000
    -
    $6,300
    $94,700
    $101,000

    Comparable in this City

    • Value Estimation by Request
      1,988 SF

      246 Lagrange Rd

      OFFICE (GENERAL) • 1,988 SF
      246 Lagrange Rd, Hanover, IN 47243
      View Details
    • Value Estimation
      $380,000
      4,866 SF

      302 Lagrange Rd

      OFFICE (GENERAL) • 4,866 SF
      302 Lagrange Rd, Hanover, IN 47243-9440
      View Details
    • Value Estimation
      $345,000
      2,478 SF

      264 Main St

      OFFICE (GENERAL) • 2,478 SF
      264 Main St, Hanover, IN 47243-9699
      View Details
    • Value Estimation by Request
      480 SF

      Hanover College

      OFFICE (GENERAL) • 480 SF
      Hanover College, Hanover, IN 47243
      View Details
    • Value Estimation by Request
      1,856 SF

      218 Main St

      OFFICE (GENERAL) • 1,856 SF
      218 Main St, Hanover, IN 47243
      View Details
    • Value Estimation by Request
      1,296 SF

      270 Main St

      OFFICE (GENERAL) • 1,296 SF
      270 Main St, Hanover, IN 47243
      View Details

    Similar Nearby for Sale

    • $199,500
      14.30 Acres

      Hanover Land Development Opportunity

      14 acres of land ideal for development or private use.
      W Sr 56, Hanover, IN 47243
      View Details
    • $395,000

      Hanover Mobile Home Park Investment

      Established Mobile Home Park, High ROI Potential
      232 Fran Rd, Hanover, IN 47243
      View Details
    • $190,900
      5.75 Acres

      Serene Rural Property with Creek

      Rural property featuring barns, creek, septic system, and RV parking.
      6011 S Saluda Paynesville Rd, Hanover, IN 47243
      View Details
    • $529,000
      2.46 Acres

      Hanover Retail Building - High Traffic!

      Prime location, high traffic count, 7200+ sq ft.
      3498 Sr 56, Hanover, IN 47243
      View Details
    • $199,000
      0.55 Acres

      Hanover Retail Property - Prime Location

      High-visibility retail space near Hanover College.
      214 Lagrange Rd, Hanover, IN 47243
      View Details
    • $68,500
      0.20 Acres

      Hanover Commercial Property - Huge Potential

      Versatile building, great location, many uses.
      106 Main St, Hanover, IN 47243
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7007 Majors Rd
    Hanover, IN 47243-9245
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.