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

    Lot 22 Birchwood Drive Princeton, IN 47670

    View on Map
    For Sale
    Contact for pricing

    Residential Land - Princeton, IN

    Lot size:
    0.46 Acres
    Added:
    Jul 17, 2019
    Days on Market:
    2450
    Last Refresh:
    Mar 31 at 6:06 pm

    Property Features for Lot 22 Birchwood Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    00-00-00-000-000.000-000
    Lot size
    0.46 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bill Kemp

    Listing agent Bill Kemp License #RB14044558

    Listing office RE/MAX REVOLUTION 331 Kimber Lane, Evansville, IN

    Listing date Jul 17, 2019

    MLS# 201930432 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 Northbrook Hills

    Located in Northbrook Hills, this residential land offers an opportunity to build a new home in a rolling, tree-filled subdivision. Situated across from the new high school in Princeton, Indiana, the property allows buyers to choose their own home site and builder, with no time limit to start construction. This lot offers a view of the entire subdivision. Northbrook Hills Phase VI provides city water, gas, paved roads, and sewers. The lot size is 0.46 acres. Restrictions and a plat map are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Gym & Fitness Center Pharmacy Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Gibson
    State
    Indiana
    Longitude
    -87.5585137
    Latitude
    38.3707949

    Nearby Similar for Sale

    • $899,900

      Highway 41 Retail Opportunity

      10,395 SF retail/workshop on 3.47 acres near Princeton, IN.
      990 N US Hwy 41, Princeton, IN 47670
      View Details
    • $995,000

      Established Auto Body Repair Business

      Well-established auto body repair business on a highly visible location.
      903 S Main Street, Princeton, IN 47670
      View Details
    • $400,000

      20 Acres of Versatile Land

      20-acre property with tillable ground, woods, and building potential.
      Carithers Road, Princeton, IN 47670
      View Details
    • $399,000

      Tillable Land with Pole Building

      26-acre tillable land with a 30' x 40' pole building.
      S 325 W, Princeton, IN 47670
      View Details
    • $895,000

      42-Acre Retreat with Lake and Cabin

      Secluded 42-acre property with lake, cabin, and unique features.
      1895 Outer Lake Road, Princeton, IN 47670
      View Details
    • $89,000

      Princeton Commercial Land Opportunity

      Prime commercial land in active Princeton area, suitable for various uses.
      902 W Broadway Street, Princeton, IN 47670
      View Details
    • $127,575

      Princeton Commercial Land For Sale

      Commercial land available in established Princeton subdivision.
      4 & 5 S Vail Street, Princeton, IN 47670
      View Details
    • $195,803

      Princeton Agricultural Land For Sale

      16+ acres of tillable land near city limits.
      0 W Broadway Street, Princeton, IN 47670
      View Details
    • $471,555

      Commercial Land in Vail Estates

      14.66 acres suitable for development in Princeton, Indiana.
      Section III S Vail Street, Princeton, IN 47670
      View Details
    • $112,455

      Princeton Commercial Land For Sale

      Commercial land available in established Princeton subdivision.
      13 & 14 S Vail Street, Princeton, IN 47670
      View Details
    • $93,555

      Princeton Commercial Land For Sale

      Commercial land available in established Princeton subdivision near Highway 41.
      7 S Vail Street, Princeton, IN 47670
      View Details
    • $70,875

      Princeton Commercial Land For Sale

      Commercial land available in established Princeton subdivision.
      9 S Vail Street, Princeton, IN 47670
      View Details

    FAQs

    What type of property is this?
    Land - Residential land for sale in Princeton, Indiana's Northbrook Hills.
    Where is this land located?
    The property is located at Lot 22 Birchwood Drive Princeton, 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: Build your dream home in the desirable Northbrook Hills subdivision.; No time limit to start construction, offering flexibility.; City utilities available: water, gas, and sewer are ready for hookup.
    (812) 430-4851
    We can help!
    Listing Contact
    Bill Kemp
    Real Estate License ID: RB14044558
    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!