Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    488 Hospital Rd Paoli, IN 47454-8807

    • Medical offices
    • 22,912 SF
    • 1.98 lot acres
    OFF-MARKET
    Value Estimation
    $565,000
    Location Intelligence
    Property ID
    US31-1534319
    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

    • Medical offices

    Property Details for 488 Hospital Rd

    Year built
    1974
    Construction
    WOOD
    Lot size
    1.98 lot acres
    Property size
    22,912 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    59-06-36-221-032.000-012
    APU
    590636221032000012

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paoli
    County
    Orange
    State
    Indiana
    Longitude
    -86.4739
    Latitude
    38.5689

    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
    $15,376
    $64,200
    $671,200
    $735,400
    -
    $64,200
    $671,200
    $735,400

    Comparable in this City

    • Value Estimation
      $195,000
      4,144 SF

      2840 State Rd 37

      MEDICAL BUILDING • 4,144 SF
      2840 State Rd 37, Paoli, IN 47454-9620
      View Details
    • Value Estimation
      $345,000
      2,520 SF

      1670 Main St

      MEDICAL BUILDING • 2,520 SF
      1670 Main St, Paoli, IN 47454-9665
      View Details
    • Value Estimation by Request
      9,240 SF

      420 Longest St

      MEDICAL BUILDING • 9,240 SF
      420 Longest St, Paoli, IN 47454-8821
      View Details
    • Value Estimation by Request
      8,514 SF

      560 Longest St

      MEDICAL BUILDING • 8,514 SF
      560 Longest St, Paoli, IN 47454-9670
      View Details
    • Value Estimation by Request
      5,665 SF

      555 Longest St

      MEDICAL BUILDING • 5,665 SF
      555 Longest St, Paoli, IN 47454-9670
      View Details
    • Value Estimation by Request
      36,251 SF

      559 Longest St

      HOMES (RETIRED, NURSING) • 36,251 SF
      559 Longest St, Paoli, IN 47454-9670
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.86 Acres

      Prime Paoli Commercial Property

      Two Buildings, 0.86 Acres, Patoka Lake Area
      4421 County Road 640, Paoli, IN 47454
      View Details
    • $375,000
      0.53 Acres

      Highway Commercial Space with Showroom

      Strategically located commercial property with showroom, offices, and ample parking.
      308 N Gospel St, Paoli, IN 47454
      View Details
    • $120,000

      Paoli Office Building - Main Street

      Prime location, high visibility office space.
      402 Main St, Paoli, IN 47454
      View Details
    • $399,000
      0.28 Acres

      Paoli Office & Garage Complex

      Spacious Paoli property, two lots, great potential.
      622 Gospel St, Paoli, IN 47454
      View Details
    • $75,000
      1.31 Acres

      Highway Frontage Commercial Building

      2,700 SF commercial building on 1.3 acres along Hwy 150.
      5614 E Us Highway 150, Paoli, IN 47454
      View Details
    • $39,900
      2.43 Acres

      Residential Land in Paoli, IN

      2.43 acre residential land with potential for various uses.
      S State Road 37, Paoli, IN 47454
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      33,793 SF

      South Paoli Retail Center Investment

      High-visibility retail space in Paoli, IN.
      401 1St St, Paoli, IN 47454
      View Details
    • Contact for pricing
      6,080 SF

      Retail Center in Paoli, Indiana

      Highly visible retail center anchored by Dollar Tree/Family Dollar.
      401-405 SW 1St St, Paoli, IN 47454
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    488 Hospital Rd
    Paoli, IN 47454-8807
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.