Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1425 S 1st Street Boonville, IN 47601

    View on Map
    Picture of Land at 1425 S 1st Street, Boonville, IN
    For Sale
    Contact for pricing

    Residential Land - Boonville, IN

    Lot size:
    0.41 Acres
    Added:
    Oct 30, 2025
    Days on Market:
    155
    Last Refresh:
    Apr 2 at 8:06 pm

    Property Features for 1425 S 1st Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    87-09-35-301-090.000-003
    Lot size
    0.41 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    441

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Derek Stofleth

    Listing agent Derek Stofleth License #RB24002220

    Listing office KELLER WILLIAMS CAPITAL REALTY 4424 Vogel Rd Suite 300, IN

    Listing date Oct 30, 2025

    MLS# 202544141 Listing URL

    Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Boonville, IN

    This residential land is located in Boonville, Indiana. The sale includes three parcels. The property is a low-lying plot situated between two homes and features two large, mature trees. The total lot size is 0.41 acres. The parcels included in the sale are 87-09-35-301-090.000-003, 87-09-35-301-089.000-003 and 87-09-35-301-129.000-003.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boonville
    County
    Warrick
    State
    Indiana
    Longitude
    -87.276749
    Latitude
    38.035067

    Nearby Similar for Sale

    • $134,900

      Waterfront Lot in Victoria Woods

      Residential land in a wooded town with community amenities.
      1578 Victoria Woods Drive, Boonville, IN 47601
      View Details
    • $69,000

      Residential Lot in Victoria Woods

      Homesite with tree-lined backyard, water view, near walking trail.
      1534 Firefly Cove, Victoria Woods, IN 47601
      View Details
    • $69,000

      Residential Lot in Victoria Woods

      Residential lot with water view and community amenities.
      1546 Firefly Cove, Victoria Woods, IN 47601
      View Details
    • $69,000

      Residential Lot in Victoria Woods

      Corner lot backing to walking trail in serene Victoria Woods.
      1527 Firefly Cove, Victoria Woods, IN 47601
      View Details
    • $99,900

      Residential Land Near Boonville Center

      2.5 acres of land near Boonville city center.
      2711 Huffman Road, Boonville, IN 47601
      View Details
    • $99,900

      Residential Land Near Victoria Woods

      2.5-acre lot near Boonville, suitable for custom homesite.
      2655 Huffman Road, Boonville, IN 47601
      View Details
    • $99,900

      Residential Land Near Boonville Center

      2.5-acre parcel near Boonville with utilities and wooded areas.
      2611 Huffman Road, Boonville, IN 47601
      View Details
    • $69,000

      Residential Lot in Victoria Woods

      Residential lot in a serene, amenity-rich community.
      1539 Firefly Cove, Victoria Woods, IN 47601
      View Details
    • $200,000
      1,836 SF

      Boonville Duplex Near Elementary School

      All brick duplex in Boonville, Indiana, near Oakdale Elementary.
      721 S 8th Street, Boonville, IN 47601
      View Details
    • $750,000

      Historic Saloon with Gaming Potential

      Profitable, remodeled saloon with gaming license opportunity in Boonville.
      118 S 3rd St, Boonville, IN
      View Details
    • $1,184,640

      74 Acres of Natural Beauty

      Secluded 74-acre property ideal for a dream home or retreat.
      988 Turtle Bay Road, Boonville, IN 47601
      View Details
    • $35,900

      Residential Land in Boonville, Indiana

      Residential land available in Boonville, Indiana.
      368 Persimmon Circle, Boonville, IN 47601
      View Details

    FAQs

    What type of property is this?
    Land - Land plot between two homes with mature trees.
    Where is this land located?
    The property is located at 1425 S 1st Street Boonville, IN.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Sale includes 3 parcels.; Two large mature trees on property.; Plot of land between two homes.
    (812) 219-3819
    We can help!
    Listing Contact
    Derek Stofleth
    Real Estate License ID: RB24002220
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!