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    Property profile & analytics

    Hwy 31 Memphis, IN 47143

    • Office Properties & Spaces
    • 8,036 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimation
    $415,000
    Last Sale
    Oct 24, 2022
    Location Intelligence
    Property ID
    US31-2672148
    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 Hwy 31

    Year built
    1972
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.00 lot acres
    Property size
    8,036 SF
    Property type
    Office Properties & Spaces
    APN
    10-10-20-300-184.000-032
    APU
    101020300184000032

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Clark
    State
    Indiana
    Longitude
    -85.7638
    Latitude
    38.4894
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-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
    2022
    $0.00
    $105,000
    $178,800
    $283,800
    -
    $105,000
    $178,800
    $283,800

    Comparable in this City

    • Value Estimation by Request
      2,256 SF

      8402 Hwy 111

      OFFICE (GENERAL) • 2,256 SF
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    • Value Estimation by Request
      21,528 SF

      13503 Blue Lick Rd

      OFFICE (GENERAL) • 21,528 SF
      13503 Blue Lick Rd, Memphis, IN 47143-9304
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    • Value Estimation by Request
      819 SF

      Ml St

      OFFICE (GENERAL) • 819 SF
      Ml St, Memphis, IN 47143
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    • Value Estimation by Request
      4,030 SF

      120 Ebenezer Church Rd

      OFFICE (GENERAL) • 4,030 SF
      120 Ebenezer Church Rd, Memphis, IN 47143-9484
      View Details
    • Value Estimation by Request
      1,969 SF

      14808 Hwy 31st N

      OFFICE (GENERAL) • 1,969 SF
      14808 Hwy 31st N, Memphis, IN 47143
      View Details
    • Value Estimation
      $465,000
      16,000 SF

      Hwy 60

      OFFICE (GENERAL) • 16,000 SF
      Hwy 60, Memphis, IN 47143
      View Details

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    Hwy 31
    Memphis, IN 47143
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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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