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    Property profile & analytics

    Morgan St Spencer, IN 47460

    • Grocery and convenience stores
    • 21,398 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimation
    $630,000
    Location Intelligence
    Property ID
    US31-2787403
    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

    • Grocery and convenience stores

    Property Details for Morgan St

    Year built
    1992
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.50 lot acres
    Property size
    21,398 SF
    Property type
    Grocery and convenience stores
    APN
    60-10-20-400-400.330-028
    APU
    601020400400330028

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.7679
    Latitude
    39.2875
    CBSA code
    14020
    CBSA name
    BLOOMINGTON, 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
    $12,808
    $121,100
    $426,100
    $547,200
    -
    $121,100
    $426,100
    $547,200

    Comparable in this City

    • Value Estimation
      $180,000
      2,829 SF

      639 State Hwy 46

      CONVENIENCE STORE • 2,829 SF
      639 State Hwy 46, Spencer, IN 47460-9008
      View Details
    • Value Estimation
      $215,000
      1,938 SF

      719 Vandalia Ave

      CONVENIENCE STORE • 1,938 SF
      719 Vandalia Ave, Spencer, IN 47460
      View Details
    • Value Estimation by Request
      1,504 SF

      5465 Vandalia Rd

      GROCERY, SUPERMARKET • 1,504 SF
      5465 Vandalia Rd, Spencer, IN 47460
      View Details
    • Value Estimation
      $525,000
      15,652 SF

      42 Bob Babbs Dr

      GROCERY, SUPERMARKET • 15,652 SF
      42 Bob Babbs Dr, Spencer, IN 47460
      View Details
    • Value Estimation
      $180,000
      2,400 SF

      404 Morgan St

      CONVENIENCE STORE • 2,400 SF
      404 Morgan St, Spencer, IN 47460-1222
      View Details
    • Value Estimation by Request
      2,600 SF

      4517 Estes Rd

      CONVENIENCE STORE • 2,600 SF
      4517 Estes Rd, Spencer, IN 47460-6818
      View Details

    Similar Nearby for Sale

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      Spencer Warehouse with Showroom Space

      Warehouse with showroom, loading dock, and recent upgrades in Spencer.
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    • $294,900
      0.10 Acres

      Commercial Space Near Downtown Spencer

      4,600 SF commercial space ideal for food production/retail.
      127 S Main St, Spencer, IN 47460
      View Details
    • Contact for pricing
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      Wooded 1.35-acre lot with utilities and lake access.
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    • $550,000
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      Commercial Land in Spencer, Indiana

      2.861-acre commercial land available in Spencer, Indiana.
      46 W Hwy, Spencer, IN 47460
      View Details
    • $87,500
      5.00 Acres

      5-Acre Wooded Residential Land

      5-acre wooded parcel ready for a custom home.
      6 Hudson Hill Rd, Gosport, IN 47460
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    • $680,000
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      Multifamily Investment Opportunity in Spencer

      Two fiveplex buildings near downtown Spencer, Indiana, with strong rental income.
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      View Details
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    Morgan St
    Spencer, IN 47460
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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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