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    Property profile & analytics

    89 Home Ave Martinsville, IN 46151-1739

    • Retail space
    • 540 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 30, 2024
    Location Intelligence
    Property ID
    US31-1976402
    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 89 Home Ave

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.07 lot acres
    Property size
    540 SF
    Property type
    Retail space
    APN
    55-09-34-370-002.000-021
    APU
    550934370002000021

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.4152
    Latitude
    39.4274
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, 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
    $1,136
    $36,200
    $20,700
    $56,900
    -
    $36,200
    $20,700
    $56,900

    Comparable in this City

    • Value Estimation by Request
      2,501 SF

      200 Flagstone Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,501 SF
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    • Value Estimation
      $90,000
      864 SF

      1740 Hospital Dr

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      1740 Hospital Dr, Martinsville, IN 46151-1802
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    • Value Estimation
      $320,000
      6,556 SF

      38 Main St, Unit 40-44

      RETAIL STORES (PERSONAL SERVICES) • 6,556 SF
      38 Main St, Martinsville, IN 46151-1415
      View Details
    • Value Estimation
      $135,000
      1,300 SF

      560 Morton Ave, Unit A-B

      RETAIL STORES (PERSONAL SERVICES) • 1,300 SF
      560 Morton Ave, Martinsville, IN 46151-2753
      View Details
    • Value Estimation
      $355,000
      5,412 SF

      39 Pike St

      RETAIL STORES (PERSONAL SERVICES) • 5,412 SF
      39 Pike St, Martinsville, IN 46151-1422
      View Details
    • Value Estimation
      $245,000
      7,566 SF

      23 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 7,566 SF
      23 Washington St, Martinsville, IN 46151-1526
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Modern retail property with ample parking and high visibility.
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    • $9,945 /Mo
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      Martinsville Retail Space Available

      Retail property available for lease in Martinsville, Indiana.
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      Martinsville Plaza Retail Center

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    • $3,425 /Mo
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      Martinsville Retail Space Available

      Retail property available for lease in Martinsville, Indiana.
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    • Contact for pricing
      3,044 SF

      Restaurant Space with Drive-Thru

      3,044 SF restaurant space with drive-thru and pylon signage.
      2235 Burton Ln, Martinsville, IN 46151
      View Details
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    89 Home Ave
    Martinsville, IN 46151-1739
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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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