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    Property profile & analytics

    Spencer St Redkey, IN 47373

    • Office Properties & Spaces
    • 2,760 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-2819894
    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 Spencer St

    Year built
    1995
    Construction
    WOOD
    Lot size
    0.36 lot acres
    Property size
    2,760 SF
    Property type
    Office Properties & Spaces
    APN
    38-09-24-203-010.000-031
    APU
    380924203010000031

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Redkey
    County
    Jay
    State
    Indiana
    Longitude
    -85.149
    Latitude
    40.3466

    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
    $6,900
    $79,300
    $86,200
    -
    $6,900
    $79,300
    $86,200

    Comparable in this City

    • Value Estimation
      $350,000
      1,631 SF

      422 Un St

      OFFICE (GENERAL) • 1,631 SF
      422 Un St, Redkey, IN 47373
      View Details
    • Value Estimation by Request
      33,354 SF

      Walnut St

      OFFICE (GENERAL) • 33,354 SF
      Walnut St, Redkey, IN 47373
      View Details
    • Value Estimation by Request
      425 SF

      Central Ave

      OFFICE (GENERAL) • 425 SF
      Central Ave, Redkey, IN 47373
      View Details
    • Value Estimation by Request
      5,502 SF

      Un St

      OFFICE (GENERAL) • 5,502 SF
      Un St, Redkey, IN 47373
      View Details
    • Value Estimation by Request
      4,057 SF

      8922 State Rd 67

      OFFICE (GENERAL) • 4,057 SF
      8922 State Rd 67, Redkey, IN 47373-9285
      View Details
    • Value Estimation by Request
      1,908 SF

      133 High St

      OFFICE (GENERAL) • 1,908 SF
      133 High St, Redkey, IN 47373-9798
      View Details
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    Spencer St
    Redkey, IN 47373
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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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