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    Property profile & analytics

    622 Gospel St Paoli, IN 47454

    • Auto shops
    • 5,550 SF
    • 0.28 lot acres
    For Sale
    View listing
    $399,000
    Value Estimation
    Last Sale
    Oct 31, 2023
    $225,000
    Location Intelligence
    Property ID
    US31-0386194
    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

    • Auto shops

    Property Details for 622 Gospel St

    Year built
    1941
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    5,550 SF
    Property type
    Auto shops
    APN
    59-06-36-405-001.001-012
    APU
    590636405001001012

    Description

    This exceptional commercial property in Paoli, Indiana, presents a unique investment opportunity. Encompassing two lots totaling 0.28 acres, the property includes a functional garage at 622 N Gospel Street and an adjacent lot at 612 N Gospel Street. The garage itself is a well-equipped workspace featuring a downdraft ventilated paint booth, ensuring a clean and efficient environment. Six overhead doors provide ample access for vehicles and equipment. The property also boasts a reliable generator, providing power backup during outages. The car lifts within the garage are available for negotiation as part of the sale. The adjacent lot at 612 N Gospel Street offers significant potential for expansion, such as additional parking, once cleared. With its versatile layout and desirable location in Paoli, this property is ideal for a variety of commercial uses, offering both immediate functionality and long-term growth potential. The asking price for this combined property is $399,000. This is a rare opportunity to acquire a substantial commercial property with significant upside in a thriving Indiana community. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $190,000
      6.5%
      $190,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $180,000
      Retail
      $205,000
      Mixed-Use
      $210,000
      Hospitality
      $195,000
      Educational
      $200,000
      Residential Income
      $200,000
      Energy
      $215,000
      Income-Based Land
      $215,000
      Food Service
      $170,000

    Location Insight

    • Map
    • Local Demand
    City
    Paoli
    County
    Orange
    State
    Indiana
    Longitude
    -86.4662
    Latitude
    38.5634

    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
    $9,957
    $46,500
    $107,000
    $153,500
    -
    $46,500
    $107,000
    $153,500

    Comparable in this City

    • Value Estimation by Request
      17,495 SF

      1222 Greenbriar Dr

      AUTO REPAIR, GARAGE • 17,495 SF
      1222 Greenbriar Dr, Paoli, IN 47454-8811
      View Details
    • Value Estimation by Request
      2,400 SF

      1400 State Rd 37

      AUTO REPAIR, GARAGE • 2,400 SF
      1400 State Rd 37, Paoli, IN 47454-9227
      View Details
    • Value Estimation
      $365,000
      5,380 SF

      329 Gospel St

      AUTO REPAIR, GARAGE • 5,380 SF
      329 Gospel St, Paoli, IN 47454-1411
      View Details
    • Value Estimation by Request
      0.47 Acres

      Hwy 37th S

      PARKING LOT • 0.47 Acres
      Hwy 37th S, Paoli, IN 47454
      View Details
    • Value Estimation by Request
      0.19 Acres

      Main St

      PARKING LOT • 0.19 Acres
      Main St, Paoli, IN 47454
      View Details
    • Value Estimation
      $400,000
      840 SF

      700 Gospel St

      CAR WASH • 840 SF
      700 Gospel St, Paoli, IN 47454-1457
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      View Details
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    Paoli, IN 47454
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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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