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    For Sale (57)

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    Residential Land in Golf Community
    $34,900
    0.29 Acres

    Residential Land in Golf Community

    Residential land in a premier golf course community.

    342 S Cross Creek Way, Columbia City, IN 46725
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    Waterfront Land in Leo, Indiana
    $499,900
    1.60 Acres

    Waterfront Land in Leo, Indiana

    1.6-acre waterfront parcel with river frontage in Leo, Indiana.

    10222 Riverview Dr, Leo, IN 46765
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    Residential Land in Auburn, IN
    $94,900
    0.50 Acres

    Residential Land in Auburn, IN

    Large residential lots available with pond views, city sewer, natural gas.

    19149 Ringo Rd, Auburn, IN 46706
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    Residential Land Near Big Turkey Lake
    $35,000
    0.21 Acres

    Residential Land Near Big Turkey Lake

    Residential land with lake access and sewer available.

    230A Turkey Lake Rd, Hudson, IN 46747
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    Churubusco Agricultural Land For Sale
    $268,000
    15.86 Acres

    Churubusco Agricultural Land For Sale

    15.86 acres of agricultural land in Churubusco, Indiana.

    E Anderson Rd, Churubusco, IN 46723
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    Residential Land in Golf Community
    $54,900
    0.25 Acres

    Residential Land in Golf Community

    Build-ready lot in established golf course community.

    2317 E Whispering Trl, Columbia City, IN 46725
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    Prime Residential Land Opportunity
    $134,900
    2.00 Acres

    Prime Residential Land Opportunity

    2-acre lot ready for your custom home in Fort Wayne.

    6732 West County Line Rd, Fort Wayne, IN 46818
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    Fort Wayne Residential Land Opportunity
    $134,900
    2.00 Acres

    Fort Wayne Residential Land Opportunity

    2-acre lot ready for custom home in Fort Wayne, IN.

    6710 West County Line Rd, Fort Wayne, IN 46818
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    8.54 Acres of Natural Beauty
    $349,900
    8.54 Acres

    8.54 Acres of Natural Beauty

    Pristine 8.54-acre land parcel in Fort Wayne, Indiana.

    6848 West County Line Rd, Fort Wayne, IN 46818
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    Yoder, IN Wooded Acreage
    $349,900
    18.67 Acres

    Yoder, IN Wooded Acreage

    18.67 acres of wooded land with road access.

    13815 Branstrator Rd, Yoder, IN 46798
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    Residential Lot with Garage
    $32,000
    0.12 Acres

    Residential Lot with Garage

    Residential lot with garage near downtown Indianapolis.

    1739 S State Ave, Indianapolis, IN 46203
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    Residential Land with Utilities Available
    $159,900
    1.03 Acres

    Residential Land with Utilities Available

    One-acre residential building lot with utilities in a desirable area.

    8849 Schwartz Rd, Fort Wayne, IN 46835
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    Residential Land Ready For Construction
    Contact for pricing
    0.12 Acres

    Residential Land Ready For Construction

    Residential lot available for new construction in Fort Wayne.

    2016 Drexel Ave, Fort Wayne, IN 46806
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    Fort Wayne Residential Land Parcels
    $129,900
    2.00 Acres

    Fort Wayne Residential Land Parcels

    2-acre residential lots for custom homes near Fort Wayne, IN.

    800 S East-92, Fort Wayne, IN 46818
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    Cleared Residential Lot Ready
    $38,000
    0.21 Acres

    Cleared Residential Lot Ready

    Vacant lot ready for development with utilities available.

    4519 Avondale Dr, Fort Wayne, IN 46806
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    Residential Land in Fort Wayne
    $64,900
    0.18 Acres

    Residential Land in Fort Wayne

    Residential land with maintenance-free living package in Majestic Water Villas.

    9022 Wings Pass, Fort Wayne, IN 46825
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    Residential Land in Fort Wayne
    $164,900
    0.55 Acres

    Residential Land in Fort Wayne

    Residential lot in The Villages of Arneo, Fort Wayne, IN.

    8871 Kepler Blvd, Fort Wayne, IN 46825
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    Residential Land in Fort Wayne
    $164,900
    0.54 Acres

    Residential Land in Fort Wayne

    Residential lot in The Villages of Arneo, Fort Wayne, IN.

    4384 Veritas Blvd, Fort Wayne, IN 46825
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    Residential Land in Premier Community
    $149,900
    0.32 Acres

    Residential Land in Premier Community

    Residential land in Fort Wayne's sought-after Villages of Arneo.

    4287 Osiris Ln, Fort Wayne, IN 46825
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    Versatile Commercial Property on Engle Road
    $1,200,000
    0.93 Acres

    Versatile Commercial Property on Engle Road

    High-visibility commercial asset with redevelopment potential in Fort Wayne, IN.

    3339 Engle Rd, Fort Wayne, IN 46809
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    Residential Land in Premier Community
    $154,900
    0.59 Acres

    Residential Land in Premier Community

    Residential land with modern amenities in Fort Wayne, Indiana.

    9006 Kepler Blvd, Fort Wayne, IN 46825
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    Residential Land in Growing Community
    $154,900
    0.36 Acres

    Residential Land in Growing Community

    Land for sale in Fort Wayne's newest community.

    4314 Osiris Ln, Fort Wayne, IN 46825
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    Roanoke Land Redevelopment Opportunity
    $190,000
    6.40 Acres

    Roanoke Land Redevelopment Opportunity

    6.4 acres in Roanoke, ideal for redevelopment or resale.

    4565 E Sta Rd Rd, Roanoke, IN 46783
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    Residential Land in Huntertown, IN
    $154,900
    0.38 Acres

    Residential Land in Huntertown, IN

    Residential lot in the Preserves at the Quarry subdevelopment.

    555 E Basalt Dr, Huntertown, IN 46748
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    Residential Land in Fort Wayne
    $54,900
    0.24 Acres

    Residential Land in Fort Wayne

    Residential land available in Fort Wayne, Indiana.

    4405 Hammock Dr, Fort Wayne, IN 46818
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    Residential Land in Arneo Villages
    $154,900
    0.36 Acres

    Residential Land in Arneo Villages

    Land for sale in a community with many amenities.

    4302 Osiris Ln, Fort Wayne, IN 46825
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    Residential Land in Golf Community
    $54,900
    0.26 Acres

    Residential Land in Golf Community

    Build-ready lot in a desirable golf course community.

    2341 E Whispering Trl, Columbia City, IN 46725
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    Residential Land in Fort Wayne
    $149,900
    0.32 Acres

    Residential Land in Fort Wayne

    Residential lot in The Villages of Arneo, Fort Wayne, IN.

    4263 Osiris Ln, Fort Wayne, IN 46825
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    Big Turkey Lakefront Residential Land
    $299,900
    0.17 Acres

    Big Turkey Lakefront Residential Land

    Residential land with 50 feet of Big Turkey Lakefront.

    180 Turkey Lake Rd, Hudson, IN 46747
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    Duplex Near Electric Works
    $299,900
    2,820 SF

    Duplex Near Electric Works

    Purpose-built duplex near Electric Works with income potential.

    1814 College St, Fort Wayne, IN 46802
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    Residential Land in Fort Wayne
    Contact for pricing
    0.14 Acres

    Residential Land in Fort Wayne

    Residential land available for potential home construction.

    2405 Cass St, Fort Wayne, IN 46808
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    Columbia City Agricultural Land Parcel
    $1,237,500
    75.00 Acres

    Columbia City Agricultural Land Parcel

    75-acre agricultural land near Fort Wayne and Columbia City.

    200 S 200 W, Columbia City, IN 46725
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    Residential Land in Mercato Community
    $154,900
    0.32 Acres

    Residential Land in Mercato Community

    Dream home opportunity in Fort Wayne's sought-after Mercato community.

    12408 Blue Jay Trl, Fort Wayne, IN 46814
    View details
    Columbia City Agricultural Land Parcel
    $875,825
    51.90 Acres

    Columbia City Agricultural Land Parcel

    51.9 acres of tillable land with wooded area.

    450 N 450 E, Columbia City, IN 46725
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    Residential Land in Gated Community
    $245,000
    0.50 Acres

    Residential Land in Gated Community

    Residential land in a gated community with public utilities.

    3723 Torrey Pines Pkwy, Fort Wayne, IN 46814
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    Residential Land in Lagrange, IN
    Contact for pricing
    0.09 Acres

    Residential Land in Lagrange, IN

    Residential land available in Lagrange, Indiana.

    000 Lane 131C Turkey Lk, Lagrange, IN 46761
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    Residential Land in Fort Wayne
    $299,000
    1.20 Acres

    Residential Land in Fort Wayne

    1.2 acre residential land in an exclusive Fort Wayne community.

    14525 Magnolia Run Pkwy, Fort Wayne, IN 46845
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    Residential Land in Emrich Hills
    $87,000
    0.29 Acres

    Residential Land in Emrich Hills

    Residential lot in Northwest Allen's Emrich Hills subdivision.

    1523 Pyke Grv, Huntertown, IN 46748
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    Residential Land in Shadow Creek
    $169,900
    0.59 Acres

    Residential Land in Shadow Creek

    Partially wooded residential land in Huntertown's Shadow Creek subdevelopment.

    534 Contour Cv, Huntertown, IN 46748
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    Residential Land in Huntertown, IN
    $159,900
    0.40 Acres

    Residential Land in Huntertown, IN

    Residential land in the Preserves at the Quarry subdevelopment.

    619 E Basalt Dr, Huntertown, IN 46748
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    Residential Land in Arneo Villages
    $164,900
    0.54 Acres

    Residential Land in Arneo Villages

    Land for sale in a community with planned amenities.

    4356 Veritas Blvd, Fort Wayne, IN 46825
    View details
    Remodeled Mixed-Use Commercial Building
    $284,900
    0.20 Acres

    Remodeled Mixed-Use Commercial Building

    Queen Anne-style building with updated interiors in downtown Columbia City.

    126 N Main St, Columbia City, IN 46725
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    Residential Land in Huntertown, IN
    $159,900
    0.40 Acres

    Residential Land in Huntertown, IN

    Residential land in luxurious subdevelopment with trees and pretty scenery.

    641 E Basalt Dr, Huntertown, IN 46748
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    Residential Land in Shadow Creek
    $219,900
    0.67 Acres

    Residential Land in Shadow Creek

    Scenic cul-de-sac lot in Huntertown's Shadow Creek neighborhood.

    513 Contour Cv, Huntertown, IN 46748
    View details
    Residential Land in Fort Wayne
    $64,900
    0.17 Acres

    Residential Land in Fort Wayne

    Residential land with maintenance-free living package in Majestic Water Villas.

    8992 Wings Pass, Fort Wayne, IN 46825
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    Residential Land in Fort Wayne
    $80,000
    0.35 Acres

    Residential Land in Fort Wayne

    Residential land available in Majestic Pointe subdivision, Fort Wayne, IN.

    4853 Windrow Way, Fort Wayne, IN 46818
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    Residential Land in Premier Community
    $164,900
    0.55 Acres

    Residential Land in Premier Community

    Residential land with builder choice in Fort Wayne community.

    8870 Kepler Blvd, Fort Wayne, IN 46825
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    Well-Maintained Townhouse Duplex in Fort Wayne
    $225,000
    2,648 SF

    Well-Maintained Townhouse Duplex in Fort Wayne

    Duplex with separate utilities in a super location.

    2414 S Swayne Ave, Fort Wayne, IN 46807
    View details
    Residential Land in Premier Community
    $164,900
    0.52 Acres

    Residential Land in Premier Community

    Residential land with modern amenities in a convenient location.

    8917 Kepler Blvd, Fort Wayne, IN 46825
    View details
    Residential Land in Huntertown, IN
    $149,900
    0.35 Acres

    Residential Land in Huntertown, IN

    Residential land in the Preserves at the Quarry subdevelopment.

    533 E Basalt Dr, Huntertown, IN 46748
    View details
    Residential Land in Premier Community
    $164,900
    0.60 Acres

    Residential Land in Premier Community

    Residential land with modern amenities in Fort Wayne, Indiana.

    8916 Kepler Blvd, Fort Wayne, IN 46825
    View details
    Churubusco Agricultural Land For Sale
    $293,500
    17.89 Acres

    Churubusco Agricultural Land For Sale

    17.885 acres in a quiet, remote country setting.

    600 E 600 N, Churubusco, IN 46723
    View details
    Residential Land in Magnolia Run
    $289,900
    1.00 Acre

    Residential Land in Magnolia Run

    Almost one acre lot in high-end Magnolia Run neighborhood.

    1071 Sweetbay St, Fort Wayne, IN 46845
    View details
    Residential Land in Premier Community
    $164,900
    0.52 Acres

    Residential Land in Premier Community

    Residential land with modern amenities in Fort Wayne, Indiana.

    9007 Kepler Blvd, Fort Wayne, IN 46825
    View details
    Lake George Storage Barn on Land
    $143,500
    0.58 Acres

    Lake George Storage Barn on Land

    0.58 acre lot with storage barn near Lake George.

    744 W Lake George Rd N, Fremont, IN 46737
    View details
    Two Acre Wooded Residential Lot
    $325,000
    2.05 Acres

    Two Acre Wooded Residential Lot

    Two acre wooded lot in Northwest Fort Wayne neighborhood.

    14570 Magnolia Run Pkwy, Fort Wayne, IN 46845
    View details
    Duplex Near Electric Works
    $299,900
    2,820 SF

    Duplex Near Electric Works

    Purpose-built duplex near Electric Works with income potential.

    1814 College St, Fort Wayne, IN 46802
    View details

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    Mike Thomas Associates, Inc
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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
    Mike Thomas Associates, Inc
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