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    Property profile & analytics

    8491 50th S Portland, IN 47371-8360

    • Commercial real estate
    • 15,000 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimation
    $420,000
    Location Intelligence
    Property ID
    US31-1864982
    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

    • Commercial real estate

    Property Details for 8491 50th S

    Year built
    2021
    Construction
    WOOD
    Lot size
    5.00 lot acres
    Property size
    15,000 SF
    Property type
    Commercial real estate
    APN
    38-05-24-400-013.000-025
    APU
    380524400013000025

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Jay
    State
    Indiana
    Longitude
    -85.1399
    Latitude
    40.4251

    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
    $4,812
    $18,400
    $217,500
    $235,900
    -
    $18,400
    $217,500
    $235,900

    Comparable in this City

    • Value Estimation by Request
      1.18 Acres

      1200 450th S

      COMMERCIAL (GENERAL) • 1.18 Acres
      1200 450th S, Portland, IN 47371-8888
      View Details
    • Value Estimation by Request
      0.12 Acres

      High St

      COMMERCIAL (GENERAL) • 0.12 Acres
      High St, Portland, IN 47371
      View Details
    • Value Estimation by Request
      1,590 SF

      226 6th St

      COMMERCIAL (GENERAL) • 1,590 SF
      226 6th St, Portland, IN 47371-2704
      View Details
    • Value Estimation by Request
      20,996 SF

      22 800th E

      COMMERCIAL (GENERAL) • 20,996 SF
      22 800th E, Portland, IN 47371-8631
      View Details
    • Value Estimation by Request
      2,970 SF

      235 Main St

      COMMERCIAL (GENERAL) • 2,970 SF
      235 Main St, Portland, IN 47371-2203
      View Details
    • Value Estimation by Request
      4,664 SF

      203 Main St

      COMMERCIAL (GENERAL) • 4,664 SF
      203 Main St, Portland, IN 47371-2124
      View Details

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    • Contact for pricing
      0.69 Acres

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      Two empty residential lots totaling 0.69 acres in Portland, IN.
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      Heavily Wooded Land Parcel

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    Similar Nearby for Lease

    • Contact for pricing
      179 SF

      Portland Office Space: 179 sq ft

      Prime downtown Portland office, perfect for small businesses.
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      Prime Portland Office, 1207 sq ft
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      View Details
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    8491 50th S
    Portland, IN 47371-8360
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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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