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    Property profile & analytics

    8500 State Rd 3rd 3 Milroy, IN 46156-9772

    • Retail space
    • 5,120 SF
    • 14.30 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Last Sale
    Feb 14, 2024
    Location Intelligence
    Property ID
    US31-0772752
    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 8500 State Rd 3rd 3

    Year built
    1996
    Construction
    WOOD
    Lot size
    14.30 lot acres
    Property size
    5,120 SF
    Property type
    Retail space
    APN
    70-14-13-151-001.000-001
    APU
    701413151001000001

    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
    -85.4771
    Latitude
    39.4917

    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
    $3,382
    $41,200
    $196,800
    $238,000
    -
    $41,200
    $196,800
    $238,000

    Comparable in this City

    • Value Estimation by Request
      6,656 SF

      300 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,656 SF
      300 Main St, Milroy, IN 46156-9431
      View Details
    • Value Estimation by Request
      5,580 SF

      202 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,580 SF
      202 Main St, Milroy, IN 46156
      View Details
    • Value Estimation by Request
      9,100 SF

      1911 State Rd 244

      RETAIL STORES (PERSONAL SERVICES) • 9,100 SF
      1911 State Rd 244, Milroy, IN 46156-9001
      View Details
    • Value Estimation by Request
      1.55 Acres

      209 Railroad St

      SHOW ROOM, WAREHOUSE • 1.55 Acres
      209 Railroad St, Milroy, IN 46156
      View Details
    • Value Estimation
      $310,000
      1,456 SF

      7972 State Rd 3rd 3

      CONVENIENCE STORE • 1,456 SF
      7972 State Rd 3rd 3, Milroy, IN 46156-9770
      View Details
    • Value Estimation by Request
      0.28 Acres

      300 St

      PARKING LOT • 0.28 Acres
      300 St, Milroy, IN 46156-9425
      View Details
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    8500 State Rd 3rd 3
    Milroy, IN 46156-9772
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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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