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    Listings

    For Sale (14)

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    Equestrian Farm with Indoor Arena
    Contact for pricing
    10.00 Acres

    Equestrian Farm with Indoor Arena

    10+ acre horse farm with indoor arena for lease.

    100 Confidential, Cicero, IN 46034
    View details
    Carmel, IN Vacant Commercial Lot
    $400,000
    0.81 Acres

    Carmel, IN Vacant Commercial Lot

    Vacant commercial lot available in Carmel, Indiana.

    3745 W 98Th St, Carmel, IN 46032
    View details
    Carmel Land Ready For Development
    $400,000
    0.83 Acres

    Carmel Land Ready For Development

    Carmel property designated for commercial development, sold as commercial.

    3744 W 97Th St, Carmel, IN 46032
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    Carmel Office Property For Sale
    $400,000
    0.94 Acres

    Carmel Office Property For Sale

    Commercial property in Carmel, Indiana, suitable for office conversion.

    3750 W 97Th St, Carmel, IN 46032
    View details
    Plainfield Land For Sale
    $364,000
    1.35 Acres

    Plainfield Land For Sale

    1.35 acre industrial land available in Plainfield, Indiana.

    1935 Gladden Rd, Plainfield, IN 46168
    View details
    Morse Reservoir Waterfront Wooded Acres
    $820,000
    4.90 Acres

    Morse Reservoir Waterfront Wooded Acres

    4.9-acre wooded lot with 1,200 feet of water frontage.

    88 Cedar Ln, Cicero, IN 46034
    View details
    Pendleton Acreage Backing Horse Farm
    $325,000
    2.30 Acres

    Pendleton Acreage Backing Horse Farm

    2.3-acre lot near Pendleton, ideal for building or investment.

    9938 S State Road 9, Pendleton, IN 46064
    View details
    Lake Village Prime Land Opportunity
    $420,000
    26.82 Acres

    Lake Village Prime Land Opportunity

    26.82 acres of land in Lake Village, Indiana.

    2327 In-10, Lake Village, IN 46349
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    Residential Lots in Indianapolis, IN
    Contact for pricing
    0.16 Acres

    Residential Lots in Indianapolis, IN

    Residential lots available in Indianapolis, Indiana.

    3011 Arbor Ave, Indianapolis, IN 46217
    View details
    Zionsville Farm Land For Sale
    $1,800,000
    20.25 Acres

    Zionsville Farm Land For Sale

    20+ acre farm land parcel in Zionsville, Indiana.

    6745 S 475 E, Zionsville, IN 46052
    View details
    Tillable Land Near Whitestown Pkwy
    $1,800,000
    20.11 Acres

    Tillable Land Near Whitestown Pkwy

    20+ acres of tillable land primed for development.

    6775 S 475 E, Lebanon, IN 46052
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    Hamilton County Residential Land Opportunity
    $280,000
    3.00 Acres

    Hamilton County Residential Land Opportunity

    3 acres in Hamilton County, build your dream home!

    23518 Oak Ridge Rd, Sheridan, IN 46069
    View details
    Land For Sale, Buena Vista
    Contact for pricing
    0.25 Acres

    Land For Sale, Buena Vista

    Land available in Buena Vista Township, Atlantic County, New Jersey.

    Perry St, Buena Vista Township, NJ 08310
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    Residential Land in Indianapolis
    $750,000
    2.93 Acres

    Residential Land in Indianapolis

    2.93 acre residential land for sale in Indianapolis, IN.

    5617 S Emerson Ave, Indianapolis, IN 46237
    View details

    For Lease (4)

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    Avon Office Condo For Lease
    $2,400 / Mo
    1,200 SF

    Avon Office Condo For Lease

    1200 SF office condo with high-end buildout in Avon.

    299 Shiloh Crossing Dr, Avon, IN 46123
    View details
    Office Suites in Absecon, NJ
    Contact for pricing

    Office Suites in Absecon, NJ

    Office suites available with flexible floor plans and ample parking.

    707 White Horse Pike, Absecon, NJ 08201
    View details
    Carmel Warehouse Space Available
    $2,600 / Mo
    2,600 SF

    Carmel Warehouse Space Available

    2,600 SF warehouse space for lease in Carmel, Indiana.

    4250 W 99Th St, Carmel, IN 46032
    View details
    Greenfield Mixed-Use Commercial Space
    $1,150 / Mo
    2,500 SF

    Greenfield Mixed-Use Commercial Space

    Versatile commercial space in a high-traffic Greenfield location.

    421 N State St, Greenfield, IN 46140
    View details

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    REAL BROKER, LLC
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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
    REAL BROKER, LLC
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