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    210 W Division St Oakland City, IN 47660

    Sponsored
    For Sale
    $299,900

    Mixed Use, House of Worship,Other - Oakland City, IN

    Type:Single Family Residence
    Property size:
    9,237 SF
    Lot size:
    0.96 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 27 at 11:06 pm

    Property Features for 210 W Division St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Kitchen, Office
    Bathrooms
    4
    APN
    26-14-18-304-001.110-007
    Parking features
    Garage, Off Street
    Interior features
    Drywall, Metal, 110 Volts, 220 Volts, Handicap Access, Living Space, Basement, Office Space, Public Restrooms, Reception Area, Other, Refrigeration/Freezer
    Exterior features
    110 Volts, 220 Volts, Handicap Access, Living Space, Basement, Office Space, Public Restrooms, Reception Area, Other, Refrigeration/Freezer
    Accessibility
    Accessible Approach with Ramp
    Size
    9,237 SF
    Lot size
    0.96 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    1999
    Floors in Building
    2
    Flooring type
    Concrete, Vinyl, Wood
    Roof type
    Metal, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Mary Norris

    F.C. Tucker Emge REALTORS (812) 402-0200

    Listing agent Mary Norris (812) 482-1424 License #RB14041954

    Listing date Feb 27, 2026

    MLS# 202605714 Listing URL

    Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property with Church Setup

    This unique property offers a home and a large pole-barn-style building on a nearly one-acre lot. The 1948 square foot home features three bedrooms, two bathrooms, and a partial basement. A 32'x27' garage is located behind the house with street access and a covered walkway. The large building has a total of 9237 square feet, including the main floor and upstairs rooms. Currently configured as a church, the building includes a full kitchen, restrooms, classrooms, and offices on both levels. The church setup comes with furniture, appliances, music and sound equipment, and decor. Parking lots around the building provide ample parking. The home was previously used as a parsonage, but could be used for transitional housing, a business, or personal use. Located in Oakland City near I-69, Toyota, and Evansville, this property is situated in a college town and offers many potential uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland City
    County
    Gibson
    State
    Indiana
    Longitude
    -87.347959
    Latitude
    38.335548

    Nearby Similar for Sale

    • $2,500,000

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      Newly remodeled mixed-use property with apartments, storage units, and urgent care.
      1000 W Morton St, Oakland City, IN 47660
      View Details
    • $2,500,000
      5.53 Acres

      Morton St. Mixed-Use Investment

      High-yield medical office & apartments
      1000 Morton St, Oakland City, IN 47660
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Home and large building suitable for various uses.
    Where is this church & religious facility located?
    The property is located at 210 W Division St Oakland City, IN.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - 9237 sq ft pole-barn-style building, currently set up as a church with kitchen, restrooms, classrooms, and offices, including furniture, appliances, music and sound equipment.; - Nearly an acre lot in the city with ample parking.; - Includes a 1948 sqft home with 3 bedrooms and 2 bathrooms.
    (812) 698-7089
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    210 W Division St Oakland City, IN 47660
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    Oakland City, IN 47660
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    210 W Division St Oakland City, IN 47660
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    We can help!
    Listing Contact
    Mary Norris
    Real Estate License ID: RB14041954
    (812) 698-7089 (812) 482-1424
    Learn more
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