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    Property profile & analytics

    72435 State Rd 15 New Paris, IN 46553-9768

    • Retail space
    • 11,800 SF
    • 3.63 lot acres
    OFF-MARKET
    Value Estimation
    $405,000
    Last Sale
    Dec 28, 2021
    Location Intelligence
    Property ID
    US31-0017125
    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 72435 State Rd 15

    Year built
    2013
    Construction
    WOOD
    Lot size
    3.63 lot acres
    Property size
    11,800 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    20-15-28-300-002.000-018
    APU
    201528300002000018

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Paris
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.8451
    Latitude
    41.4503
    CBSA code
    21140
    CBSA name
    ELKHART-GOSHEN, 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
    $10,241
    $75,800
    $612,400
    $688,200
    -
    $75,800
    $612,400
    $688,200

    Comparable in this City

    • Value Estimation by Request
      2,856 SF

      68279 State Rd 15

      RETAIL STORES (PERSONAL SERVICES) • 2,856 SF
      68279 State Rd 15, New Paris, IN 46553-9620
      View Details
    • Value Estimation by Request
      1,444 SF

      19166 County Rd 46

      RETAIL STORES (PERSONAL SERVICES) • 1,444 SF
      19166 County Rd 46, New Paris, IN 46553-9698
      View Details
    • Value Estimation by Request
      1,764 SF

      68471 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,764 SF
      68471 Main St, New Paris, IN 46553-9805
      View Details
    • Value Estimation
      $290,000
      1,780 SF

      68477 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,780 SF
      68477 Main St, New Paris, IN 46553-9805
      View Details
    • Value Estimation by Request
      840 SF

      68453 County Rd 23

      RETAIL STORES (PERSONAL SERVICES) • 840 SF
      68453 County Rd 23, New Paris, IN 46553
      View Details
    • Value Estimation
      $340,000
      6,128 SF

      18646 County Rd 50

      RETAIL STORES (PERSONAL SERVICES) • 6,128 SF
      18646 County Rd 50, New Paris, IN 46553-9755
      View Details
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    72435 State Rd 15
    New Paris, IN 46553-9768
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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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