Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10101 N Alford Rd, Unit 3 Fortville, IN 46040

    Sponsored
    For Sale
    $289,900

    Residential Lots - Fortville, IN

    Lot size:
    4.19 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 7 at 11:06 pm

    Property Features for 10101 N Alford Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    residential
    APN
    300307300025001010
    Lot size
    4.19 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Wayman
    Brian Wayman

    CENTURY 21 Scheetz (317) 844-5111

    Listing agent Brian Wayman (317) 844-5111 License #RB14050582

    Listing date Feb 1, 2026

    MLS# 22044240 Listing URL

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Fortville Residential Lots for Sale

    These residential lots, ranging from 3 to 6 acres, are located in a tranquil farmland setting near Fortville, Indiana. Mature trees frame the property boundaries, offering privacy. The lots are situated 10 minutes from downtown Fortville and 15 minutes from Pendleton, providing convenient access to I-69 and Hamilton Town Center. The location offers a combination of convenience and privacy. The zoning is residential. The lots are suitable for building a spacious pole barn or garage with oversized doors for RV, truck, or recreational equipment storage. The property is within walking distance of Piney Acres Farm, a 73-acre farmstead established in 1999, offering seasonal activities. The lot size is approximately 4.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fortville
    County
    Hancock
    State
    Indiana
    Longitude
    -85.777986983737
    Latitude
    39.931936154081

    Nearby Similar for Sale

    • $899,000
      14,343 SF

      Established Retail Opportunity in Fortville

      14,000+ SF retail property with redevelopment potential in Fortville.
      624 N Madison St, Fortville, IN 46040
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Geist Shoppes

      Retail space in a high-growth area near Geist Reservoir.
      10468 Olio Rd | Fishers, Fortville, IN 46040
      View Details
    • Contact for pricing
      11,703 SF

      Renovated Retail Space on Broadway

      Newly renovated retail space available for sale or lease.
      135 E Broadway St, Fortville, IN 46040
      View Details
    • Contact for pricing

      Fortville Commercial Lot For Sale

      0.73 acre lot in the heart of Fortville, Indiana.
      414 W Garden St, Fortville, IN 46040
      View Details
    • Contact for pricing
      10,598 SF

      135 E. Broadway St.

      Individual retail properties • 10,598 SF
      135 Broadway St, Fortville, IN 46040
      View Details

    FAQs

    What type of property is this?
    Land - Spacious 4+ acre lots near Fortville, Indiana.
    Where is this land located?
    The property is located at 10101 N Alford Rd, Unit 3 Fortville, IN.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: - Large 3-6 acre lots offer space and privacy.; - Conveniently located 10 minutes from Fortville and 15 minutes from Pendleton, with easy access to I-69 and Hamilton Town Center.; - Peaceful, secluded setting provides tranquil country living.
    (317) 844-5111
    Request Owner's contact information
    10101 N Alford Rd, Unit 3 Fortville, IN 46040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10101 N Alford Rd, Unit 3
    Fortville, IN 46040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    10101 N Alford Rd, Unit 3 Fortville, IN 46040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brian Wayman
    Brian Wayman
    Real Estate License ID: RB14050582
    (317) 844-5111
    Learn more
    Google sign-in failed. Please try again or use another login method.