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    Property profile & analytics

    8251 State Rd 56 West Baden Springs, IN 47469

    • Parking lots & garages
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 17, 2023
    Location Intelligence
    Property ID
    US31-2652266
    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 8251 State Rd 56

    Year built
    1990
    Lot size
    0.14 lot acres
    Property type
    Parking lots & garages
    APN
    59-05-34-103-044.001-003
    APU
    590534103044001003

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Baden Springs
    County
    Orange
    State
    Indiana
    Longitude
    -86.6135
    Latitude
    38.5641

    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
    $1,511
    $48,000
    $3,000
    $51,000
    -
    $48,000
    $3,000
    $51,000

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      Elm St

      PARKING LOT • 0.11 Acres
      Elm St, West Baden Springs, IN 47469
      View Details
    • Value Estimation
      $290,000
      0.27 Acres

      State Rd 56

      PARKING LOT • 0.27 Acres
      State Rd 56, West Baden Springs, IN 47469
      View Details
    • Value Estimation
      $330,000
      5,116 SF

      502 Elm St

      VEHICLE SALES, RENTALS • 5,116 SF
      502 Elm St, West Baden Springs, IN 47469-9611
      View Details
    • Value Estimation
      $365,000
      768 SF

      8237 State Rd 56

      VEHICLE SALES, RENTALS • 768 SF
      8237 State Rd 56, West Baden Springs, IN 47469
      View Details
    • Value Estimation
      $390,000
      8,856 SF

      774 Main St

      AUTO REPAIR, GARAGE • 8,856 SF
      774 Main St, West Baden Springs, IN 47469-7730
      View Details
    • Value Estimation by Request
      2.49 Acres

      8324 State Rd 56

      RESTAURANT • 2.49 Acres
      8324 State Rd 56, West Baden Springs, IN 47469-9415
      View Details

    Similar Nearby for Sale

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      0.11 Acres

      West Baden Springs Commercial Building

      Commercial building in West Baden Springs Downtown Business District.
      8179 W State Road 56, West Baden Springs, IN 47469
      View Details
    • New
      $35,000
      0.50 Acres

      Half Acre Homesite with Cabin

      Picturesque homesite with cabin overlooking West Baden and French Lick.
      7893 Sinclair St, West Baden Springs, IN 47469
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    • $609,000
      43.55 Acres

      West Baden Springs Wooded Acreage

      43.55 acres of wooded land near French Lick Resort.
      W County Pike Rd, West Baden Springs, IN 47469
      View Details
    • Contact for pricing
      0.15 Acres

      Residential Land in West Baden

      Residential land with city utilities available in West Baden Springs.
      7878 W Sinclair St, West Baden Springs, IN 47469
      View Details
    • $699,000
      0.95 Acres

      West Baden Springs Multi-Use Building

      Multi-use commercial building with development potential in West Baden Springs.
      713 N Main St, West Baden Springs, IN 47469
      View Details
    • $820,000
      80.00 Acres

      Secluded Land Near French Lick

      80+ acre hunter's paradise near French Lick and West Baden.
      2011 N Co Rd 575 W, West Baden Springs, IN 47469
      View Details
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    8251 State Rd 56
    West Baden Springs, IN 47469
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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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