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    Property profile & analytics

    1222 Hwy 31 Austin, IN 47102-1922

    • Office Properties & Spaces
    • 528 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 08, 2025
    Location Intelligence
    Property ID
    US31-0931450
    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

    • Office Properties & Spaces

    Property Details for 1222 Hwy 31

    Year built
    1953
    Construction
    WOOD
    Lot size
    0.53 lot acres
    Property size
    528 SF
    Property type
    Office Properties & Spaces
    APN
    72-03-25-320-086.000-002
    APU
    720325320086000002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Scott
    State
    Indiana
    Longitude
    -85.8123
    Latitude
    38.7541
    CBSA code
    42500
    CBSA name
    SCOTTSBURG, IN MICROPOLITAN 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
    $1,271
    $12,400
    $36,300
    $48,700
    -
    $12,400
    $36,300
    $48,700

    Comparable in this City

    • Value Estimation
      $285,000
      3,680 SF

      67 Main St

      OFFICE (GENERAL) • 3,680 SF
      67 Main St, Austin, IN 47102-1303
      View Details
    • Value Estimation
      $310,000
      3,825 SF

      2260 Us Hwy 31

      OFFICE (GENERAL) • 3,825 SF
      2260 Us Hwy 31, Austin, IN 47102-8702
      View Details
    • Value Estimation
      $85,000
      1,488 SF

      60 Main St

      OFFICE (GENERAL) • 1,488 SF
      60 Main St, Austin, IN 47102-1360
      View Details
    • Value Estimation
      $340,000
      2,129 SF

      2879 Us Hwy 31

      OFFICE (GENERAL) • 2,129 SF
      2879 Us Hwy 31, Austin, IN 47102-8708
      View Details
    • Value Estimation by Request
      0.33 Acres

      Terry Rd

      Office Properties & Spaces • 0.33 Acres
      Terry Rd, Austin, IN 47102
      View Details
    • Value Estimation
      $355,000
      400 SF

      1251 State Rd 256

      OFFICE (GENERAL) • 400 SF
      1251 State Rd 256, Austin, IN 47102-8902
      View Details

    Similar Nearby for Sale

    • $100,000
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    • $75,000

      Commercial Building on Corner Lot

      2,500 SF building on 0.32 acre corner lot.
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      Building suitable for office, retail, daycare, or residential use.
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    • $54,900

      Austin Commercial Building - Huge Potential

      Spacious corner lot, 1700+ sq ft, versatile space.
      590 Mann Ave, Austin, IN 47102
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    • $585,000
      2.37 Acres

      Austin IN Prime Development Opportunity

      2.37 Acres, Church, House, Shed
      1200-1210 Church St, Austin, IN 47102
      View Details
    • Contact for pricing
      2,500 SF

      307 Main St

      Bank Surplus Auction - Former Bank Branch near I-65
      307 Main St, Austin, IN 47102
      View Details
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    1222 Hwy 31
    Austin, IN 47102-1922
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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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