224 StateMorocco, IN 47963

  • Office properties
  • 352 SF
Off market
$1,273,740 Estimated

Property Details for 224 State

Year built
1949
Construction
WOOD
Lot size
0.13 AC
Property size (Sq ft)
352 SF
Property type
Office properties
APN
56-10-21-441-050.000-002
APU
561021441050000002

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $128,206
    6.5%
    $118,344
    7%
    $109,891
  • Comparable approach

    Method
    Valuation
    Relative Method
    $45,848
    Geo Method
    $45,848
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $238,888
    Retail / Commercial
    $121,346
    Mixed-Use / Specialty
    $120,004
    Hospitality / Lodging
    $86,859
    Institutional / Educational
    $124,431
    Residential Income
    $145,584
    Multifamily
    $179,648
    Automotive / Energy
    $106,655
    Parking / Income-Based Land
    $37,703.90
    Restaurant / Food Service
    $60,474
    Healthcare / Senior Housing
    $123,995

Location Insight

City
Morocco
County
Newton
State
Indiana
Latitude
40.9464
Longitude
-87.4522
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
$315
$6,500
$4,800
$11,300
-
$6,500
$4,800
$11,300

FAQs

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Please email our support team at [email protected] and they will add the team member.
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