You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Parking lots & garages

10239 Red School Rd Shoals, IN 47581

4,480 SF 2.48 ac lot Built 1980
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US31-2945067
Property summary
AI-generated overview

This exceptional commercial property, located at 10239 Red School Road in Shoals, Indiana, presents a unique investment opportunity. The offering encompasses a substantial 8,690 square foot main building, ideally suited for a variety of commercial uses. This building boasts three-phase power, a significant advantage for businesses requiring robust electrical capacity. The layout includes a well-defined blend of office and warehouse space, providing flexibility for diverse operational needs. Adding to the property's appeal is an additional 80' x 40' warehouse building, offering even more storage or production area. This expansive complex sits on a generous 20-acre parcel, primarily wooded and offering significant potential for future development or expansion. The property's advantageous location offers easy access to key transportation routes, while its proximity to the Martin State Forest provides a tranquil and naturally appealing setting. The asking price for this substantial commercial property is $475,000, representing a compelling value for the size, features, and acreage involved. This is a rare opportunity to acquire a versatile and well-equipped commercial property in a desirable location. Serious inquiries are encouraged.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1980
Construction WOOD
Total area 4,480 SF
Lot 2.48 ac (108,029 SF)
APN 51-06-15-300-009.000-003
UPID US31-2945067
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
L&m Property LLC · 4 yrs held
L&m Property LLC
since 2022
Last sale
$135,000
1 recorded transaction
2022
$135,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10239 Red School Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message