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    Trueblood Real Estate

    10210 Wicker AVe, Suite 4, Dyer, IN 46373
    (219) 558-0469
    Web Site
    Size: 10+ agents

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    • Commercial Sale
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    • Residential Multi Family
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    Listings

    For Sale (20)

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    Residential Corner Lot with Foundation
    Contact for pricing
    0.15 Acres

    Residential Corner Lot with Foundation

    Residential corner lot with foundation, water, and sewer access.

    1523 Arrow Ave, Anderson, IN 46016
    View details
    Indianapolis Duplex Restoration Opportunity
    $45,000
    0.15 Acres

    Indianapolis Duplex Restoration Opportunity

    Duplex in Bosart Brown neighborhood needing restoration after fire.

    8 N Dequincy St, Indianapolis, IN 46201
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    Indianapolis Duplex in Tuxedo Park
    $65,000
    0.13 Acres

    Indianapolis Duplex in Tuxedo Park

    Duplex in Tuxedo Park neighborhood, ideal for renovation.

    36 N Linwood Ave, Indianapolis, IN 46201
    View details
    Crown Point Acre Lot
    $136,999
    1.00 Acre

    Crown Point Acre Lot

    One-acre lot near downtown Crown Point, Indiana.

    12815 Grant St, Crown Point, IN 46307
    View details
    Crown Point Acreage with Barn
    $136,999
    1.00 Acre

    Crown Point Acreage with Barn

    One-acre lot with barn near downtown Crown Point, Indiana.

    12817 Grant St, Crown Point, IN 46307
    View details
    Updated Duplex in Kokomo, IN
    $169,500
    1,200 SF

    Updated Duplex in Kokomo, IN

    Well-maintained duplex with updates, ideal for investment or owner-occupancy.

    1406 N Philips St, Kokomo, IN 46901
    View details
    North College Avenue Vacant Lot
    $99,000
    0.12 Acres

    North College Avenue Vacant Lot

    Vacant lot zoned C-1, minutes from downtown Indianapolis.

    1715 N College Ave, Indianapolis, IN 46202
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    Duplex with Pole Barn Investment
    $219,000
    0.29 Acres

    Duplex with Pole Barn Investment

    Two homes and a pole barn on one parcel.

    3247 W Morris St, Indianapolis, IN 46241
    View details
    Colfax Corner Lot Opportunity
    $191,000
    0.17 Acres

    Colfax Corner Lot Opportunity

    Two-story brick building in downtown Colfax, Indiana.

    149 Main St, Colfax, IN 46035
    View details
    Hammond Corner Lot Opportunity
    Contact for pricing
    0.13 Acres

    Hammond Corner Lot Opportunity

    Vacant lot in established neighborhood, ready for new construction.

    6849 Maryland Ave, Hammond, IN 46323
    View details
    Land Near Cedar Lake, IN
    $49,999
    0.12 Acres

    Land Near Cedar Lake, IN

    Prime lot near Cedar Lake, build your dream home!

    13425 Morse Pl, Cedar Lake, IN 46303
    View details
    Indianapolis Duplex with Leased Units
    $389,900
    0.08 Acres

    Indianapolis Duplex with Leased Units

    Duplex in prime location, generating $3,050/month in rental income.

    346 N Summit St, Indianapolis, IN 46201
    View details
    Updated Duplex Investment Opportunity
    $278,900
    0.13 Acres

    Updated Duplex Investment Opportunity

    Indianapolis duplex with Section 8 tenants, generating reliable income.

    102 S Elder Ave, Indianapolis, IN 46222
    View details
    Residential Land Near Private Lake
    $125,000
    1.34 Acres

    Residential Land Near Private Lake

    Land for sale near Purdue University with lake access.

    10240 E 975 N, Otterbein, IN 47970
    View details
    Mulberry, IN Agricultural Land
    $175,000
    5.00 Acres

    Mulberry, IN Agricultural Land

    5-acre lot ready for building a dream home.

    County Road 700 W, Mulberry, IN 46058
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    Residential Lots in Anderson, IN
    Contact for pricing
    0.21 Acres

    Residential Lots in Anderson, IN

    Residential corner lot with four parcels totaling 0.21 acres.

    1902 Main Street Rd, Anderson, IN 46016
    View details
    Secluded Residential Lots in Morgantown
    $317,000
    23.88 Acres

    Secluded Residential Lots in Morgantown

    24 acres of wooded land divisible into 3-acre parcels.

    493 Hornettown Ln, Morgantown, IN 46160
    View details
    Updated Duplex in Indianapolis
    $367,500
    0.14 Acres

    Updated Duplex in Indianapolis

    Well-maintained duplex with updated units, tenant-ready in Indianapolis.

    1644 E 58Th St, Indianapolis, IN 46220
    View details
    Equestrian Training Facility with Custom Home
    $1,600,000
    2,770 SF

    Equestrian Training Facility with Custom Home

    Horse racing training facility with custom home on 35.5 acres.

    5479 S 200 E, Anderson, IN 46017
    View details
    Renovated Turnkey Indianapolis Quadplex
    $315,000
    0.11 Acres

    Renovated Turnkey Indianapolis Quadplex

    Fully renovated, leased quadplex in Indianapolis, offering immediate cash flow.

    41 S Tuxedo St, Indianapolis, IN 46201
    View details

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    Trueblood Real Estate
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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
    Trueblood Real Estate
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