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    Property profile & analytics

    725 Us Hwy 231 Spencer, IN 47460-6516

    • Office Properties & Spaces
    • 17,514 SF
    • 7.35 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-2101502
    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 725 Us Hwy 231

    Year built
    2014
    Construction
    WOOD
    Lot size
    7.35 lot acres
    Property size
    17,514 SF
    Property type
    Office Properties & Spaces
    APN
    60-10-29-200-250.000-028
    APU
    601029200250000028

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.7775
    Latitude
    39.2795
    CBSA code
    14020
    CBSA name
    BLOOMINGTON, 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
    $15,022
    $193,800
    $448,000
    $641,800
    -
    $193,800
    $448,000
    $641,800

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      505 Coonpath Rd

      OFFICE (GENERAL) • 1,280 SF
      505 Coonpath Rd, Spencer, IN 47460
      View Details
    • Value Estimation by Request
      33,730 SF

      201 Morgan St

      OFFICE (GENERAL) • 33,730 SF
      201 Morgan St, Spencer, IN 47460-1217
      View Details
    • Value Estimation by Request
      1,056 SF

      781 Morgan St

      OFFICE (GENERAL) • 1,056 SF
      781 Morgan St, Spencer, IN 47460-1547
      View Details
    • Value Estimation by Request
      1,527 SF

      10 Fletcher Ave

      OFFICE (GENERAL) • 1,527 SF
      10 Fletcher Ave, Spencer, IN 47460-1520
      View Details
    • Value Estimation by Request
      15,920 SF

      333 State Hwy 46

      OFFICE (GENERAL) • 15,920 SF
      333 State Hwy 46, Spencer, IN 47460-6445
      View Details
    • Value Estimation
      $330,000
      3,456 SF

      405 St

      OFFICE (GENERAL) • 3,456 SF
      405 St, Spencer, IN 47460
      View Details

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      5-acre wooded parcel ready for a custom home.
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    725 Us Hwy 231
    Spencer, IN 47460-6516
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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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