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    Property profile & analytics

    8984 1050th W Pennville, IN 47369

    • Office Properties & Spaces
    • 4,952 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-1551833
    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 8984 1050th W

    Year built
    1943
    Construction
    WOOD
    Lot size
    0.50 lot acres
    Property size
    4,952 SF
    Property type
    Office Properties & Spaces
    APN
    38-01-05-100-008.000-010
    APU
    380105100008000010

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pennville
    County
    Jay
    State
    Indiana
    Longitude
    -85.1821
    Latitude
    40.5671

    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
    2022
    $0.00
    $9,900
    $57,600
    $67,500
    -
    $9,900
    $57,600
    $67,500

    Comparable in this City

    • Value Estimation by Request
      2,182 SF

      9082 550th N

      OFFICE (GENERAL) • 2,182 SF
      9082 550th N, Pennville, IN 47369-9446
      View Details
    • Value Estimation by Request
      2,873 SF

      8435 650th N

      OFFICE (GENERAL) • 2,873 SF
      8435 650th N, Pennville, IN 47369
      View Details
    • Value Estimation by Request
      34,452 SF

      390 Pleasant St

      OFFICE (GENERAL) • 34,452 SF
      390 Pleasant St, Pennville, IN 47369
      View Details
    • Value Estimation by Request
      7,056 SF

      190 Main St

      OFFICE (GENERAL) • 7,056 SF
      190 Main St, Pennville, IN 47369
      View Details
    • Value Estimation by Request
      3,863 SF

      195 Un St

      OFFICE (GENERAL) • 3,863 SF
      195 Un St, Pennville, IN 47369
      View Details
    • Value Estimation by Request
      2,048 SF

      455 Un St

      OFFICE (GENERAL) • 2,048 SF
      455 Un St, Pennville, IN 47369-9773
      View Details
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    8984 1050th W
    Pennville, IN 47369
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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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