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    Property profile & analytics

    9150 500th N Otterbein, IN 47970

    • Grocery and convenience stores
    • 15,408 SF
    • 8.80 lot acres
    OFF-MARKET
    Value Estimation
    $1,785,000
    Last Sale
    Aug 03, 2021
    $1,810,000
    Location Intelligence
    Property ID
    US31-0787860
    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

    • Subway / Fast Food Restaurant / Takeout Restaurant
    • Marathon / Gas Station

    Property Details for 9150 500th N

    Year built
    2004
    Construction
    TYPE NOT SPECIFIED
    Lot size
    8.80 lot acres
    Property size
    15,408 SF
    Property type
    Grocery and convenience stores
    APN
    79-01-27-400-004.000-016
    APU
    790127400004000016

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,820,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,715,000
      6.5%
      $1,805,000
      7%
      $1,815,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,620,000
      Geo Method
      $1,695,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,770,000
      Retail
      $1,705,000
      Mixed-Use
      $1,780,000
      Hospitality
      $1,455,000
      Educational
      $1,750,000
      Residential Income
      $1,910,000
      Energy
      $1,680,000
      Income-Based Land
      $1,785,000
      Food Service
      $1,575,000

    Location Insight

    • Map
    • Local Demand
    City
    Otterbein
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -87.0772
    Latitude
    40.4913
    CBSA code
    29200
    CBSA name
    LAFAYETTE-WEST LAFAYETTE, 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
    $31,914
    $0.00
    $1,289,400
    $1,289,400
    -
    $0.00
    $1,289,400
    $1,289,400

    Comparable in this City

    • Value Estimation by Request
      1,272 SF

      202 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,272 SF
      202 Main St, Otterbein, IN 47970-8541
      View Details
    • Value Estimation by Request
      774 SF

      408 Main St

      RETAIL STORES (PERSONAL SERVICES) • 774 SF
      408 Main St, Otterbein, IN 47970-8544
      View Details
    • Value Estimation by Request
      640 SF

      23 Oxford St

      RETAIL STORES (PERSONAL SERVICES) • 640 SF
      23 Oxford St, Otterbein, IN 47970-8576
      View Details
    • Value Estimation
      $315,000
      2,024 SF

      406 Maddox Rd

      FINANCIAL BUILDING • 2,024 SF
      406 Maddox Rd, Otterbein, IN 47970
      View Details
    • Value Estimation by Request
      1,490 SF

      107 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,490 SF
      107 Main St, Otterbein, IN 47970-8542
      View Details
    • Value Estimation by Request
      936 SF

      410 Mdw St

      RETAIL STORES (PERSONAL SERVICES) • 936 SF
      410 Mdw St, Otterbein, IN 47970-8597
      View Details

    Similar Nearby for Sale

    • $55,000
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      Retail or Day Care Opportunity

      640 SF property suitable for retail or day care.
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    • $162,000

      Corner Lot Retail Opportunity

      Retail property on corner lot with existing income.
      311 N Main St, Otterbein, IN 47970
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    • $70,000
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      Residential Land Near Otterbein Lake

      Residential land for sale near Purdue University and Otterbein Lake.
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      Otterbein Lake Residential Land

      Residential land near Purdue University with private lake access.
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    • $60,000
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      Otterbein Lake Residential Land

      Residential land near Purdue University with private lake access.
      10240 E 975 N, Otterbein, IN 47970
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      Otterbein Lake Residential Land

      Residential land near Purdue University with private lake access.
      10240 E 975 N, Otterbein, IN 47970
      View Details
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    Otterbein, IN 47970
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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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