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    Property profile & analytics

    10239 Red School Rd Shoals, IN 47581

    • Parking lots & garages
    • 4,480 SF
    • 2.48 lot acres
    OFF-MARKET
    Value Estimation
    $130,000
    Last Sale
    Jun 28, 2022
    $135,000
    Location Intelligence
    Property ID
    US31-2945067
    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

    • Parking lots & garages

    Property Details for 10239 Red School Rd

    Year built
    1980
    Construction
    WOOD
    Lot size
    2.48 lot acres
    Property size
    4,480 SF
    Property type
    Parking lots & garages
    APN
    51-06-15-300-009.000-003
    APU
    510615300009000003

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $125,000

    • CAP approach

      CAP return
      Estimation
      6%
      $135,000
      6.5%
      $140,000
      7%
      $145,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $135,000
      Geo Method
      $120,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $155,000
      Retail
      $155,000
      Mixed-Use
      $140,000
      Hospitality
      $145,000
      Educational
      $120,000
      Residential Income
      $145,000
      Energy
      $125,000
      Income-Based Land
      $160,000
      Food Service
      $135,000

    Location Insight

    • Map
    • Local Demand
    City
    Shoals
    County
    Martin
    State
    Indiana
    Longitude
    -86.7346
    Latitude
    38.6909

    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
    $2,122
    $30,600
    $113,400
    $144,000
    -
    $30,600
    $113,400
    $144,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      0.34 Acres

      Us Hwy 50

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      Us Hwy 50, Shoals, IN 47581
      View Details
    • Value Estimation by Request
      2.02 Acres

      At 2nd St

      PARKING LOT • 2.02 Acres
      At 2nd St, Shoals, IN 47581
      View Details
    • Value Estimation
      $435,000
      8,536 SF

      7862 Us Hwy 50

      AUTO REPAIR, GARAGE • 8,536 SF
      7862 Us Hwy 50, Shoals, IN 47581
      View Details
    • Value Estimation
      $355,000
      3,500 SF

      118 130th Hedge St

      CAR WASH • 3,500 SF
      118 130th Hedge St, Shoals, IN 47581
      View Details
    • Value Estimation
      $390,000
      6,269 SF

      510 2nd St

      AUTO REPAIR, GARAGE • 6,269 SF
      510 2nd St, Shoals, IN 47581-5524
      View Details
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    10239 Red School Rd
    Shoals, IN 47581
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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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