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    Property profile & analytics

    State Rd 47 Waveland, IN 47989

    • Commercial land
    • 1.88 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0667759
    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

    • Commercial land

    Property Details for State Rd 47

    Lot size
    1.88 lot acres
    Property type
    Commercial land
    APN
    61-04-33-000-212.100-006
    APU
    610433000212100006

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waveland
    County
    Parke
    State
    Indiana
    Longitude
    -87.0977
    Latitude
    39.8772
    CBSA code
    45460
    CBSA name
    TERRE HAUTE, 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
    $301
    $31,600
    $0.00
    $31,600
    -
    $31,600
    $0.00
    $31,600

    Comparable in this City

    • Value Estimation by Request
      1.07 Acres

      Old Frd Rd

      VACANT COMMERCIAL LAND • 1.07 Acres
      Old Frd Rd, Waveland, IN 47989
      View Details
    • Value Estimation by Request
      0.55 Acres

      Old Frd Rd

      VACANT COMMERCIAL LAND • 0.55 Acres
      Old Frd Rd, Waveland, IN 47989
      View Details
    • Value Estimation by Request
      1.34 Acres

      475 475th Ww

      VACANT COMMERCIAL LAND • 1.34 Acres
      475 475th Ww, Waveland, IN 47989
      View Details
    • Value Estimation by Request
      0.15 Acres

      Cross St

      VACANT COMMERCIAL LAND • 0.15 Acres
      Cross St, Waveland, IN 47989
      View Details
    • Value Estimation by Request
      0.21 Acres

      106 Cross St

      VACANT COMMERCIAL LAND • 0.21 Acres
      106 Cross St, Waveland, IN 47989-8173
      View Details
    • Value Estimation by Request
      0.33 Acres

      State Rd 47

      VACANT COMMERCIAL LAND • 0.33 Acres
      State Rd 47, Waveland, IN 47989
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Residential Lots on Golf Course

      Residential lots backing up to Turkey Run Golf Club.
      000 Wittek Ln, Waveland, IN 47989
      View Details
    • $75,000
      0.46 Acres

      Lakefront Residential Lot in Waveland

      Undeveloped lot with direct water access and stunning lake views.
      75 Millers Pl East, Waveland, IN 47989
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    • $75,000
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      Lakefront Lot in Parke County

      Undeveloped lot with lake access and stunning views.
      76 Millers Pl East, Waveland, IN 47989
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    • $50,000
      0.46 Acres

      Residential Development Opportunity in Waveland

      Land in Parke County near Waveland Lake and Shades State Park.
      9264 N Byron Ln, Waveland, IN 47989
      View Details
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    State Rd 47
    Waveland, IN 47989
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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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