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    The Largest CRE Database in the US with Over 1 Million Listings

    4020 Old Hwy 337 Corydon, IN 47112

    Sponsored
    For Sale
    $850,000

    1 Story, Farm - Corydon, IN

    Type:Farm
    Property size:
    3,682 SF
    Lot size:
    55.00 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 30 at 12:06 am

    Property Features for 4020 Old Hwy 337

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    Agri/ Residential,Agriculture
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Den, Family Room, Kitchen, Office
    Bedrooms
    4
    Bathrooms
    4
    APN
    311420400001000022
    Patio and Porch features
    Patio, Porch
    Interior features
    1st Floor Main, 1st Floor Utility, Added Storage, Breakfast Bar, Built-in Bookcase, Cath/Vaul/Tray Ceil, Ceiling Fan(s), Den/Office, Eat-in Kitchen, Family Room, Formal Dining Rm, Foyer, Jetted Tub, Open Floor Plan, Pantry, Split Bedrooms, Utility/Mud Room, Walk-in Closet(s)
    Exterior features
    Covered Patio, Covered Porch, Fenced Yard, Landscaped, Porch, Garage, Barn(s), Horse Barn, Shed
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Size
    3,682 SF
    Lot size
    55.00 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Architectural style
    Other
    Additional Structures
    Barn(s), Garage(s), Packing Shed, Shed(s)

    We can help!

    Listing Contact
    Rob Gaines
    Rob Gaines

    Keller Williams Realty Southern Indiana (812) 944-7024

    Listing agent Rob Gaines (812) 944-7024

    Listing date Jan 16, 2026

    MLS# 202605407 Listing URL

    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

    55-Acre Farm with Custom-Built Home

    This 55-acre cattle and horse farm is located in Southern Indiana. The property features a custom-built home with 4 bedrooms and 4 bathrooms, spanning 3,682 square feet. The home includes solid wood doors, hardwood floors, wide hallways, and natural light. The main level offers a spacious kitchen with extensive cabinetry and a large primary suite with a jetted tub, double sinks, a walk-in closet, and views of the property. A full walkout basement provides an additional 3,682 square feet of unfinished space. The land is fully fenced and includes a 40x60 main barn with a workshop, tack room, three horse stalls, and two storage stalls. There is also a pond at the back of the property. Five additional 10x50 horse stalls and two 12x24 stall buildings provide flexible setup for equestrian or agricultural use. A 30x60 equipment shed with four bays is available for farm equipment or camper storage. Outdoor living spaces include a covered back porch overlooking open pasture, a fire pit area, and a hot tub area. Recent updates include a new roof, gutters, a new HVAC system on the west side of the home, garage door openers, and a water softener. The property is located in Corydon, Indiana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Corydon
    County
    Harrison
    State
    Indiana
    Longitude
    -86.1397
    Latitude
    38.1945

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    FAQs

    What type of property is this?
    Farm - Southern Indiana farm featuring a custom home and equestrian facilities.
    Where is this farm located?
    The property is located at 4020 Old Hwy 337 Corydon, IN.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - 55-acre cattle/horse farm with extensive equestrian/agricultural infrastructure.; - Custom-built 4-bedroom, 4-bath home featuring 3,682 sq ft of living space with solid wood doors and hardwood floors.; - Full walkout basement offers an additional 3,682 sq ft of unfinished space.
    (812) 704-8299
    Request Owner's contact information
    4020 Old Hwy 337 Corydon, IN 47112
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    Corydon, IN 47112
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    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
    4020 Old Hwy 337 Corydon, IN 47112
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    We can help!
    Listing Contact
    Rob Gaines
    Rob Gaines
    Real Estate License ID: RB17001192
    (812) 704-8299
    Learn more
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