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

    4152 S State Road 35 Knox, IN 46534

    View on Map
    Picture of Land at 4152 S State Road 35, Knox, IN
    For Sale
    $325,000

    LAND - Knox, IN

    Lot size:
    5.95 Acres
    Added:
    Jul 28, 2025
    Days on Market:
    250
    Last Refresh:
    Apr 3 at 1:06 pm

    Property Features for 4152 S State Road 35

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    751011100010000002
    Lot size
    5.95 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PT W SIDE NW S11 T32 R2 5.95A
    Tax Annual Amount
    65

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Karen Maynard
    Karen Maynard

    Listing agent Karen Maynard License #RB14018881

    Listing office McColly Real Estate 2107 North Calumet Avenue, Schererville, IN

    Listing date Jul 28, 2025

    MLS# 825031

    Copyright © 2026 Greater Northwest 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

    Prime Land on US HWY

    This 5.95-acre commercial land parcel is located on US HWY 35 in Knox, Indiana. The property offers highway exposure and is positioned in a location with development potential. The site is suitable for various construction projects.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Knox
    County
    Starke
    State
    Indiana
    Longitude
    -86.6039
    Latitude
    41.2954

    Nearby Similar for Sale

    • $305,000
      4,949 SF

      Commercial Building in Knox, Indiana

      Turnkey commercial opportunity with existing business and expansion potential.
      2240 Us-35, Knox, IN 46534
      View Details
    • $250,000

      Commercial Lot on US Highway

      One-acre commercially zoned lot with high visibility and utilities.
      2260 S Us Highway 35, Knox, IN 46534
      View Details
    • $400,000

      Versatile Land in Starke County

      50-acre property near Knox, IN, ideal for recreation and building.
      Toto Rd 400 S, Knox, IN 46534
      View Details
    • $225,000
      1,650 SF

      Established Pizza Business Opportunity

      Turn-key Pizza King franchise for sale in high-traffic area.
      103 S Heaton Street, Knox, IN 46534
      View Details
    • $199,900

      Recreational Land Near Knox, Indiana

      21.61 acre recreational land parcel northeast of Knox, Indiana.
      V/L E 100 N, Knox, IN 46534
      View Details
    • $225,000
      1,650 SF

      Established Pizza Restaurant For Sale

      Turn-key pizza restaurant business opportunity in high-traffic area.
      103 S Heaton Street, Knox, IN 46534
      View Details
    • $215,000

      Recreational Land in Starke County

      26.4 acre recreational property with road frontage near Knox, IN.
      V/L 100N and 600E, Knox, IN 46534
      View Details
    • $599,900

      14.89 Acres on Culver Road

      14.89 acres of land with building sites in Knox, IN.
      14.89 Acres W Culver Road, Knox, IN 46534
      View Details
    • $2,000,000

      33 Acres on Highway 35

      33 acres of land with frontage on Highway 35.
      1675 Us-35, Knox, IN 46534
      View Details
    • $214,900

      20 Acres Wooded Land Knox

      20 acres of wooded land, multiple building sites.
      Fox Crossing, Knox, IN 46534
      View Details
    • $79,900

      Downtown Knox Commercial Opportunity

      Prime commercial building with rental income potential in downtown Knox.
      52 E Washington Street, Knox, IN 46534
      View Details
    • $85,000

      5 Acres Near Bass Lake

      5-acre land parcel near Bass Lake in Knox, Indiana.
      2795 In-10, Knox, IN 46534
      View Details

    FAQs

    What type of property is this?
    Land - 5.95 acres with highway exposure in Knox, Indiana.
    Where is this land located?
    The property is located at 4152 S State Road 35 Knox, IN.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 5.95 acres of land provides ample space.; Located on US HWY 35, offering convenient access.; Highway exposure for excellent visibility.
    (219) 241-4899
    We can help!
    Listing Contact
    Karen Maynard
    Karen Maynard
    Real Estate License ID: RB14018881
    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!