Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land Near Turkey Lake Title is generated by Realmo AI

    15 Lane 134 Turkey Lake Lane, Lagrange, IN 46761

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 15 Lane 134 Turkey Lake Lane, Lagrange, IN
    For Sale
    Contact for pricing

    Residential Land - Lagrange, IN

    Lot size:
    0.07 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    54
    Last Refresh:
    May 30 at 3:06 pm

    Property Features for 15 Lane 134 Turkey Lake Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    00-01-20-742-015.200-017
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    70

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Guy Hinton

    Listing agent Guy Hinton License #RB23000557

    Listing office Coldwell Banker Real Estate Gr 11625 Coldwater Rd., Fort Wayne, IN

    Listing date Apr 7, 2026

    MLS# 202611804 Listing URL

    Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Steps from Turkey Lake
    • Great lake community
    • Multiple uses possible
    • Utilities included
    • Beautiful lot
    • Nice little space

    Overview

    This residential lot is located steps from Turkey Lake. The property is situated in a lake community and could be used for multiple purposes. The lot size is approximately 0.0699 acres and includes utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lagrange
    County
    LaGrange
    State
    Indiana
    Longitude
    -85.187698
    Latitude
    41.591431

    Nearby Similar for Sale

    • $219,900
      4,600 SF

      Historic Mixed-Use Building in Lagrange

      Historic mixed-use property in downtown LaGrange with redevelopment potential.
      203 S Detroit Street, Lagrange, IN 46761-1807
      View Details
    • $522,000

      Prime State Road Frontage Land

      29.02 acres of B-3 zoned land for sale.
      N SR 9, Lagrange, IN 46761
      View Details
    • $138,000

      Health Center in Lagrange, IN

      Versatile building suitable for adaptive reuse near US 20.
      405 Union Street, Lagrange, IN 46761
      View Details
    • $401,428

      Versatile Agricultural Land in Lagrange

      Productive land suitable for agriculture, recreation, hunting, or private retreat.
      00 350 S Road, Lagrange, IN 46761
      View Details
    • $140,000
      2,160 SF

      Lagrange, IN Pole Barn

      54’ x 40’ pole barn with workshop and storage.
      90 133 Lane, Lagrange, IN 46761
      View Details
    • $219,900
      2,904 SF

      Historic Mixed-Use Building in LaGrange

      Landmark property in downtown LaGrange with redevelopment potential.
      203 South Detroit Street, Lagrange, IN 46761
      View Details
    • $375,000

      Lagrange Restaurant with Apartment

      Restaurant with equipment, liquor license, and updated 3-bedroom apartment.
      112 E Spring, Lagrange, IN 46761
      View Details
    • $15,000

      Residential Land in Lagrange, Indiana

      Residential land available in Lagrange, Indiana.
      000 Ln 131c Turkey Lake, Lagrange, IN 46761
      View Details
    • $28,900

      Residential Land Near Turkey Lake

      0.22 acres of vacant land near Big Turkey Lake.
      LN 131 C turkey lake lot # 23 &24, Lagrange, IN 46761
      View Details
    • $45,000

      Residential Land in Lagrange, Indiana

      Buildable 0.41 acre lot with country views near downtown.
      W 060 S, Lagrange, IN 46761
      View Details
    • $35,000

      Residential Lot Near Big Turkey

      0.19-acre residential lot near Big Turkey Lake.
      40 Ln 131C Turkey Lake, Lagrange, IN 46761
      View Details
    • $28,000

      Wooded Lot Near Big Turkey Lake

      Serene wooded lot near Big Turkey Lake, ideal for home.
      Lane 131 Turkey Lake Lot 4 & 5 Lane, Lagrange, IN 46761
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near Turkey Lake with utilities included.
    Where is this residential land & home lot located?
    The property is located at 15 Lane 134 Turkey Lake Lane Lagrange, 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: Steps from Turkey Lake; Great lake community; Multiple uses possible
    (260) 705-7711
    We can help!
    Listing Contact
    Guy Hinton
    Real Estate License ID: RB23000557
    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

    Thank You for Inquiry
    15 Lane 134 Turkey Lake Lane, Lagrange, IN 46761
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!