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    7971 State Rd 3rd 3 Milroy, IN 46156

    • Manufacturing properties
    • 6,483 SF
    • 3.18 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 24, 2023
    Location Intelligence
    Property ID
    US31-1167679
    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

    • Manufacturing properties

    Property Details for 7971 State Rd 3rd 3

    Year built
    1962
    Construction
    WOOD
    Lot size
    3.18 lot acres
    Property size
    6,483 SF
    Property type
    Manufacturing properties
    APN
    70-14-12-351-002.000-001
    APU
    701412351002000001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milroy
    County
    Rush
    State
    Indiana
    Longitude
    -85.4764
    Latitude
    39.4977

    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
    $1,594
    $40,000
    $72,200
    $112,200
    -
    $40,000
    $72,200
    $112,200

    Comparable in this City

    • Value Estimation by Request
      42,200 SF

      8739 175th W

      MANUFACTURING (LIGHT) • 42,200 SF
      8739 175th W, Milroy, IN 46156-9705
      View Details
    • Value Estimation
      $395,000
      11,616 SF

      7794 175th W

      MANUFACTURING (LIGHT) • 11,616 SF
      7794 175th W, Milroy, IN 46156-9003
      View Details
    • Value Estimation
      $600,000
      55,457 SF

      Kings Hwy

      MANUFACTURING (LIGHT) • 55,457 SF
      Kings Hwy, Milroy, IN 46156
      View Details
    • Value Estimation
      $495,000
      21,840 SF

      7824 175th W

      MANUFACTURING (LIGHT) • 21,840 SF
      7824 175th W, Milroy, IN 46156-9668
      View Details
    • Value Estimation
      $475,000
      8,960 SF

      7957 State Rd 3rd 3

      INDUSTRIAL (GENERAL) • 8,960 SF
      7957 State Rd 3rd 3, Milroy, IN 46156-9770
      View Details
    • Value Estimation
      $385,000
      10,984 SF

      2131 State Rd 244

      INDUSTRIAL (GENERAL) • 10,984 SF
      2131 State Rd 244, Milroy, IN 46156-9582
      View Details
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    Milroy, IN 46156
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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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