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    For Sale (30)

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    Commercial Land in Worthington, IN
    $80,000
    0.85 Acres

    Commercial Land in Worthington, IN

    Vacant lot with dual road access in Worthington, Indiana.

    S Commercial St, Worthington, IN 47471
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    Residential Land in French Lick
    $440,000
    2.00 Acres

    Residential Land in French Lick

    Residential land with utilities access near downtown French Lick.

    667 S Indiana Ave, French Lick, IN 47432
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    Gosport Restaurant and Tap Room
    $495,000
    0.23 Acres

    Gosport Restaurant and Tap Room

    Restaurant and tap room with storage units in Gosport, IN.

    18 N 4Th St, Gosport, IN 47433
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    Residential Land Near Greenbriar Lake
    $80,000
    0.44 Acres

    Residential Land Near Greenbriar Lake

    Residential land near downtown Nashville with utilities on site.

    Maple Dr, Nashville, IN 47448
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    Bloomington Duplex Near Campus
    $595,000
    2,384 SF

    Bloomington Duplex Near Campus

    Duplex near campus with a strong rental history.

    526 S Woodlawn Ave, Bloomington, IN 47401
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    Retail Investment Building with Development Potential
    $685,000
    2.06 Acres

    Retail Investment Building with Development Potential

    Three-unit retail building with development acreage near I-69 and 80/90.

    6843 N Old 27, Fremont, IN 46737
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    Downtown Bedford Retail Building For Sale
    $189,000
    0.04 Acres

    Downtown Bedford Retail Building For Sale

    3,400 SF retail building in downtown Bedford, Indiana.

    1020 16Th St, Bedford, IN 47421
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    Bloomington Agricultural Land with Pond
    $279,000
    10.19 Acres

    Bloomington Agricultural Land with Pond

    10.19 acres with pond, ideal for dream home.

    S Burch Rd, Bloomington, IN 47403
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    Residential Land Near Lake Monroe
    $35,000
    2.13 Acres

    Residential Land Near Lake Monroe

    2.13 acre residential lot near Lake Monroe in Bloomington.

    7528 S Shady Side Dr, Bloomington, IN 47401
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    Worthington Mixed-Use Pole-Barn on Main
    $85,000
    2,160 SF

    Worthington Mixed-Use Pole-Barn on Main

    New pole-barn on main thoroughfare suitable for contractors/delivery/shop space.

    263 S Commercial St, Worthington, IN 47471
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    Residential Land in Iron Gate
    $200,000
    5.56 Acres

    Residential Land in Iron Gate

    5.56-acre residential lot in Bloomington's Iron Gate Farms.

    5080 S Bridle Path Trl, Bloomington, IN 47403
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    Residential Land in Terra Cove
    $250,000
    1.63 Acres

    Residential Land in Terra Cove

    Estate-sized lot in established neighborhood, convenient to amenities.

    3470 E Terra Cove Ct, Bloomington, IN 47401
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    Commercial Land Near I-65
    $599,000
    6.27 Acres

    Commercial Land Near I-65

    6.2 acres of commercial land at I-65 and Highway 50.

    2615 E Tipton St, Seymour, IN 47274
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    Restaurant/Bar Opportunity in Bloomington, IN
    $3,000,000
    0.40 Acres

    Restaurant/Bar Opportunity in Bloomington, IN

    Restaurant/Bar with parking and open garage/warehouse space in Bloomington.

    409 S Walnut St, Bloomington, IN 47401
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    Bloomington Residential Land Opportunity
    $91,000
    2.50 Acres

    Bloomington Residential Land Opportunity

    2.5 acre homesite in a newer community.

    2114 W Selc Ct, Bloomington, IN 47403
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    229 Acres of Scenic Land
    $3,495,000
    229.00 Acres

    229 Acres of Scenic Land

    Scenic 229-acre land with hunting and recreational opportunities near Lake Monroe.

    8680 S Strain Ridge Rd, Bloomington, IN 47401
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    Commercial Land in Spencer, Indiana
    $499,900
    2.86 Acres

    Commercial Land in Spencer, Indiana

    2.861-acre commercial land available in Spencer, Indiana.

    46 W Hwy, Spencer, IN 47460
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    Residential Land Near Bloomington, IN
    $220,000
    5.06 Acres

    Residential Land Near Bloomington, IN

    5-acre residential land parcel near Bloomington and Indiana University.

    3530 W Maple Grove Rd, Bloomington, IN 47404
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    Residential Land in Iron Gate Farms
    $150,000
    5.57 Acres

    Residential Land in Iron Gate Farms

    5.57 acre residential lot in Bloomington's Iron Gate Farms.

    5003 S Iron Gate Trl, Bloomington, IN 47403
    View details
    Bloomington Office Building For Sale
    $2,900,000
    1.02 Acres

    Bloomington Office Building For Sale

    5,494 SF mixed-use office building with prime location and visibility.

    123 S Franklin Rd, Bloomington, IN 47404
    View details
    Ellettsville Retail/Office Investment Opportunity
    $364,900
    0.06 Acres

    Ellettsville Retail/Office Investment Opportunity

    Rare commercial building in downtown Ellettsville, perfect for retail/office.

    207-209 N Sale St, Ellettsville, IN 47429
    View details
    Bloomington Retail Opportunity on 2.64 Acres
    $395,000
    2.64 Acres

    Bloomington Retail Opportunity on 2.64 Acres

    2.64 acres with 5,000 sqft building near Sample Road Exit.

    7340 N Wayport Rd, Bloomington, IN 47408
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    Residential Land in Rosewood
    $225,000
    0.49 Acres

    Residential Land in Rosewood

    Building lot available in Bloomington's Hyde Park neighborhood.

    3122 E Wyndam Ct, Bloomington, IN 47401
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    Bloomington Agricultural Land Opportunity
    $2,250,000
    98.94 Acres

    Bloomington Agricultural Land Opportunity

    98.94 acres of flourishing land near Lake Monroe and IU.

    6180 S Handy Rd, Bloomington, IN 47401
    View details
    Bloomington Investment Property Near Campus
    $380,000
    1,064 SF

    Bloomington Investment Property Near Campus

    Three-bedroom property near campus with a four-occupancy permit.

    420 S Highland Ave, Bloomington, IN 47401
    View details
    Unionville Residential Land For Sale
    $95,000
    4.99 Acres

    Unionville Residential Land For Sale

    Wooded 4.99 acre residential land in Unionville, Indiana.

    7594 Shilo Rd North, Unionville, IN 47468
    View details
    Residential Land in Iron Gate
    $150,000
    4.10 Acres

    Residential Land in Iron Gate

    4.1 acre residential lot in Bloomington's Iron Gate Farms.

    5001 S Iron Gate Trl, Bloomington, IN 47403
    View details
    Greene County Land For Sale
    $255,000
    34.63 Acres

    Greene County Land For Sale

    35 acre parcel in Greene County, Indiana. Ideal for recreation.

    1 Newark Rd, Solsberry, IN 47459
    View details
    Bloomington Land with Redevelopment Potential
    Contact for pricing

    Bloomington Land with Redevelopment Potential

    5 acres near IU, downtown, I-69. Redevelopment potential.

    1505 W 17Th St, Bloomington, IN 47404
    View details
    Bloomington Commercial Building For Sale
    $759,000
    0.37 Acres

    Bloomington Commercial Building For Sale

    Prime Office/Retail Space - High Visibility

    1815 Walnut St, Bloomington, IN 47401
    View details

    For Lease (2)

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    South Bloomington Office Sub-Lease
    $15 SF/Yr
    3,822 SF

    South Bloomington Office Sub-Lease

    Single-level office building with flexible sub-lease terms until 2027.

    2495 S Walnut Street Pike, Bloomington, IN 47401
    View details
    Bloomington Office/Retail Building For Lease
    $3,000 / Mo
    2,300 SF

    Bloomington Office/Retail Building For Lease

    Well-maintained office/retail building with excellent visibility, available for lease.

    1815 S Walnut St, Bloomington, IN 47401
    View details

    Leases and Sales on Map

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    Century 21 Scheetz
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Century 21 Scheetz
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