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

    3153 E Lovers Ln Scottsburg, IN 47170

    View on Map
    Sponsored
    For Sale
    $229,900

    LAND - Scottsburg, IN

    Lot size:
    37.23 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 14 at 1:20 pm

    Property Features for 3153 E Lovers Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0046540526
    Lot size
    37.23 Acres

    We can help!

    Listing Contact
    William Andes

    eXp Realty (812) 734-6048

    Listing agent William Andes (502) 322-2110

    Listing date Mar 13, 2026

    MLS# 202606614

    Copyright © 2026 Southern Indiana REALTORS Association. 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

    Scottsburg Land with Recreational Potential

    Located just outside of Scottsburg, Indiana, the property at 3153 E Lovers Lane encompasses 37.23 acres. This countryside setting offers privacy and nature, suitable for outdoor enthusiasts, hunters, or those seeking peaceful rural living. The land includes mature trees, open spaces, and a natural water source that attracts wildlife such as deer and turkey. The property is suited for recreational activities, a weekend escape, or an outdoor getaway. It is located minutes from downtown Scottsburg, providing access to dining, shopping, and everyday amenities. Adjacent parcels may also be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Auto Repair Shop Gym & Fitness Center Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsburg
    County
    Scott
    State
    Indiana
    Longitude
    -85.715595
    Latitude
    38.671961

    Nearby Similar for Sale

    • $249,000

      Commercial Building on Highway 31

      3,000 sq ft commercial building with highway frontage.
      841 S Gardner St, Scottsburg, IN 47170
      View Details
    • $99,000
      Pending

      Versatile Warehouse in Scottsburg, IN

      Spacious warehouse zoned for business and residential use.
      1519 Burton Dr, Scottsburg, IN 47170
      View Details
    • $995,000
      9,180 SF

      Scottsburg Retail Building For Sale

      High-visibility retail building in Scottsburg, Indiana, available for sale.
      395 N Gardner St, Scottsburg, IN 47170
      View Details
    • $895,000
      4,531 SF

      Renovated Apartment Complex Investment Opportunity

      Fully leased, renovated 10-unit apartment complex in Scottsburg, Indiana.
      513 N Gardner St, Scottsburg, IN 47170
      View Details
    • $525,000
      3,700 SF

      Scottsburg Retail Property - $525K

      Prime Retail Space, Two Units, High Visibility
      969 Mcclain Ave, Scottsburg, IN 47170
      View Details
    • $510,000
      3,700 SF

      Scottsburg Office Building - Great Investment!

      Two-unit office building, prime location, ample parking.
      969 Mcclain Ave, Scottsburg, IN 47170
      View Details
    • $525,000
      0.75 Acres

      Scottsburg Office Building - Great Investment

      Prime Scottsburg location, two units, 3700 sq ft.
      969 Mcclain Ave, Scottsburg, IN 47170
      View Details
    • $750,000
      1.54 Acres

      Scottsburg Office & Car Wash Complex

      Multi-use property, lake views, I-65 access
      756 Lakeshore Dr, Scottsburg, IN 47170
      View Details
    • $350,000
      4,000 SF

      Scottsburg Retail Space - High Traffic

      Prime retail space, high visibility, 4,000 sq ft.
      79 Gardner St, Scottsburg, IN 47170
      View Details
    • $462,550
      2,400 SF

      Scottsburg Industrial Property - 1.35 Acres

      High-visibility industrial site, ample parking, near I-65.
      343 Railroad St, Scottsburg, IN 47170
      View Details
    • $278,000
      3,000 SF

      Scottsburg Commercial Building - Great Potential

      High-traffic location, 3000 sq ft, includes equipment.
      841 Gardner St, Scottsburg, IN 47170
      View Details
    • $325,000
      0.33 Acres

      Scottsburg Office & Apartment Complex

      Eight-unit income property, Hwy 31 frontage
      440 Gardner St, Scottsburg, IN 47170
      View Details

    FAQs

    What type of property is this?
    Recreation land - 37.23 acres near Scottsburg, Indiana, ideal for outdoor activities.
    Where is this recreation land located?
    The property is located at 3153 E Lovers Ln Scottsburg, IN.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - 37.23 acre property offering privacy and space.; - Ideal for outdoor enthusiasts and hunters with abundant wildlife (deer and turkey).; - Features mature trees, open spaces, and a natural water source.
    (812) 734-6048
    Request Owner's contact information
    3153 E Lovers Ln Scottsburg, IN 47170
    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.
    3153 E Lovers Ln
    Scottsburg, IN 47170
    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
    3153 E Lovers Ln Scottsburg, IN 47170
    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
    William Andes
    (812) 734-6048 (502) 322-2110 (812) 286-2763
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!