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    Property profile & analytics

    8th St At W Hancock Ave Mitchell, IN 47446

    • Retail space
    • 1,344 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US31-1674873
    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 8th St At W Hancock Ave

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.43 lot acres
    Property size
    1,344 SF
    Property type
    Retail space
    APN
    47-11-36-231-020.000-005
    APU
    471136231020000005

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mitchell
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.4773
    Latitude
    38.7388
    CBSA code
    13260
    CBSA name
    BEDFORD, IN MICROPOLITAN 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
    $3,123
    $22,700
    $77,400
    $100,100
    -
    $22,700
    $77,400
    $100,100

    Comparable in this City

    • Value Estimation by Request
      720 SF

      106 8th St

      RETAIL STORES (PERSONAL SERVICES) • 720 SF
      106 8th St, Mitchell, IN 47446-1302
      View Details
    • Value Estimation by Request
      984 SF

      State Rd 60th E

      RETAIL STORES (PERSONAL SERVICES) • 984 SF
      State Rd 60th E, Mitchell, IN 47446
      View Details
    • Value Estimation
      $345,000
      11,490 SF

      802 Frank St

      RETAIL STORES (PERSONAL SERVICES) • 11,490 SF
      802 Frank St, Mitchell, IN 47446-1735
      View Details
    • Value Estimation
      $370,000
      4,050 SF

      603 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
      603 Main St, Mitchell, IN 47446-1412
      View Details
    • Value Estimation
      $360,000
      4,900 SF

      904 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,900 SF
      904 Main St, Mitchell, IN 47446-1331
      View Details
    • Value Estimation
      $720,000
      23,826 SF

      1202 Main St, Unit 1206

      RETAIL STORES (PERSONAL SERVICES) • 23,826 SF
      1202 Main St, Mitchell, IN 47446-1232
      View Details

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      Residential land for sale, ideal for building a dream home.
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      Residential lot for building a dream home near Highway 37.
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    Mitchell, IN 47446
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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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