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    Property profile & analytics

    7224 Us Hwy 40 Centerville, IN 47330-9631

    • Retail space
    • 1,207 SF
    • 5.28 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 06, 2022
    $45,000
    Location Intelligence
    Property ID
    US31-2357193
    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 7224 Us Hwy 40

    Year built
    1940
    Construction
    WOOD
    Lot size
    5.28 lot acres
    Property size
    1,207 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    89-10-19-300-344.000-004
    APU
    891019300344000004

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Wayne
    State
    Indiana
    Longitude
    -85.0132
    Latitude
    39.8182
    CBSA code
    39980
    CBSA name
    RICHMOND, 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
    2022
    $1,805
    $25,900
    $19,000
    $44,900
    -
    $25,900
    $19,000
    $44,900

    Comparable in this City

    • Value Estimation by Request
      432 SF

      112 Main St

      RETAIL STORES (PERSONAL SERVICES) • 432 SF
      112 Main St, Centerville, IN 47330-1206
      View Details
    • Value Estimation
      $2,375,000
      19,447 SF

      2131 Centerville Rd

      RETAIL STORES (PERSONAL SERVICES) • 19,447 SF
      2131 Centerville Rd, Centerville, IN 47330-9608
      View Details
    • Value Estimation
      $330,000
      5,038 SF

      115 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,038 SF
      115 Main St, Centerville, IN 47330
      View Details
    • Value Estimation
      $325,000
      3,482 SF

      125 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,482 SF
      125 Main St, Centerville, IN 47330-1205
      View Details
    • Value Estimation by Request
      4,248 SF

      106 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,248 SF
      106 Main St, Centerville, IN 47330-1227
      View Details
    • Value Estimation
      $2,045,000
      6,546 SF

      2351 Centerville Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,546 SF
      2351 Centerville Rd, Centerville, IN 47330-9608
      View Details
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    7224 Us Hwy 40
    Centerville, IN 47330-9631
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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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