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    Property profile & analytics

    9468 State Rd 114 Rensselaer, IN 47978-8842

    • Turn key restaurants
    • 3,560 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    $505,000
    Last Sale
    Jan 26, 2021
    Location Intelligence
    Property ID
    US31-2092818
    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

    • Turn key restaurants

    Property Details for 9468 State Rd 114

    Year built
    1991
    Construction
    WOOD
    Lot size
    1.15 lot acres
    Property size
    3,560 SF
    Zone code
    BUFF
    Property type
    Turn key restaurants
    APN
    37-06-21-000-001.005-029
    APU
    370621000001005029

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Jasper
    State
    Indiana
    Longitude
    -87.2264
    Latitude
    40.9414
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI 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
    $6,817
    $345,000
    $545,100
    $890,100
    -
    $345,000
    $545,100
    $890,100

    Comparable in this City

    • Value Estimation by Request
      4,986 SF

      305 College Ave

      RESTAURANT • 4,986 SF
      305 College Ave, Rensselaer, IN 47978-2614
      View Details
    • Value Estimation by Request
      5,131 SF

      8834 State Rd 114

      RESTAURANT • 5,131 SF
      8834 State Rd 114, Rensselaer, IN 47978-8812
      View Details
    • Value Estimation by Request
      2,540 SF

      8833 State Rd 114

      RESTAURANT • 2,540 SF
      8833 State Rd 114, Rensselaer, IN 47978-8812
      View Details
    • Value Estimation
      $460,000
      2,011 SF

      8790 State Rd 114

      RESTAURANT • 2,011 SF
      8790 State Rd 114, Rensselaer, IN 47978-8812
      View Details
    • Value Estimation
      $270,000
      3,212 SF

      114 Van Rensselaer St

      RESTAURANT • 3,212 SF
      114 Van Rensselaer St, Rensselaer, IN 47978-2815
      View Details
    • Value Estimation by Request
      2,167 SF

      101 Elm St

      RESTAURANT • 2,167 SF
      101 Elm St, Rensselaer, IN 47978-2224
      View Details

    Similar Nearby for Sale

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      Well-maintained commercial space perfect for a small business venture.
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      Rensselaer Commercial Building For Sale

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      Rensselaer Retail/Auto Sales Opportunity

      Established auto sales business with highway frontage and development potential.
      1105 N Mckinley Ave N, Rensselaer, IN 47978
      View Details
    • $179,900
      0.06 Acres

      Established Downtown Rensselaer Cafe

      Turnkey Restaurant w/Office Space
      112 Van Rensselaer St, Rensselaer, IN 47978
      View Details
    • $140,000
      0.52 Acres

      Rensselaer Corner Development Site

      0.52 AC corner lot suitable for retail or QSR.
      1015 N Mckinley Ave, Rensselaer, IN 47978
      View Details
    • Contact for pricing
      0.52 Acres

      Residential Land in Sherwood Forest

      Half-acre lot with mature trees, ideal for building a home.
      0-lot S 1000 W, Rensselaer, IN 47978
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,880 SF

      Grocery Anchored Shopping Center

      Retail space in Rensselaer's College Square Plaza.
      396-732 S College Ave, Rensselaer, IN 47978
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center

      Prime retail space in Rensselaer's College Square Plaza.
      South College Ave, Rensselaer, IN 47978
      View Details
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    9468 State Rd 114
    Rensselaer, IN 47978-8842
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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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