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    Property profile & analytics

    2551 School House Rd Hillsboro, IN 47949-8028

    • Office Properties & Spaces
    • 884 SF
    • 1.84 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 10, 2020
    Location Intelligence
    Property ID
    US31-1967240
    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 2551 School House Rd

    Year built
    1950
    Construction
    WOOD
    Lot size
    1.84 lot acres
    Property size
    884 SF
    Property type
    Office Properties & Spaces
    APN
    23-17-19-106-001.000-005
    APU
    231719106001000005

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Fountain
    State
    Indiana
    Longitude
    -87.1411
    Latitude
    39.9943

    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
    $1,813
    $37,200
    $81,100
    $118,300
    -
    $37,200
    $81,100
    $118,300

    Comparable in this City

    • Value Estimation by Request
      576 SF

      3185 Us Hwy 136

      OFFICE (GENERAL) • 576 SF
      3185 Us Hwy 136, Hillsboro, IN 47949-8076
      View Details
    • Value Estimation by Request
      1,628 SF

      104 Main St

      OFFICE (GENERAL) • 1,628 SF
      104 Main St, Hillsboro, IN 47949-8111
      View Details
    • Value Estimation
      $375,000
      6,400 SF

      111 Water St

      OFFICE (GENERAL) • 6,400 SF
      111 Water St, Hillsboro, IN 47949-8157
      View Details
    • Value Estimation
      $650,000
      29,816 SF

      501 State Rd 341

      OFFICE (GENERAL) • 29,816 SF
      501 State Rd 341, Hillsboro, IN 47949-8104
      View Details
    • Value Estimation by Request
      0.04 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.04 Acres
      Main St, Hillsboro, IN 47949
      View Details
    • Value Estimation by Request
      3,846 SF

      2420 Pr Chapel Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,846 SF
      2420 Pr Chapel Rd, Hillsboro, IN 47949
      View Details
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    2551 School House Rd
    Hillsboro, IN 47949-8028
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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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