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    4399 E Sr 26 Rd Hartford City, IN 47348

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    Sponsored
    For Sale
    $5,500,000

    Traditional, Site-Built Home - Hartford City, IN

    Type:Farm
    Property size:
    3,706 SF
    Lot size:
    260.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 7 at 2:06 am

    Property Features for 4399 E Sr 26 Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Den, Great Room, Kitchen, Laundry, Living Room
    Bedrooms
    3
    Bathrooms
    4
    APN
    05-04-09-400-004.000-003
    Parking features
    Garage, Garage - Attached
    Interior features
    Balcony, Closet(s) Walk-in, Dryer Hook Up Electric, Eat-In Kitchen, Foyer Entry, Garage Door Opener, Generator Ready, Porch Covered, Range/Oven Hook Up Elec, Utility Sink, Stand Up Shower, Tub/Shower Combination, Main Floor Laundry, Sump Pump, Washer Hook-Up, Other-See Remarks
    Exterior features
    None, Fence, Barn
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dryer, Microwave, Range, Range - Electric
    Size
    3,706 SF
    Lot size
    260.00 Acres

    Taxes and HOA fees

    Expense value
    1503.6999511719
    Expense
    Other

    Utilities

    Utilities
    Electricity Available
    Heating system
    Fireplace(s), Geothermal (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    New Traditional
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Tina Coons

    RE/MAX Real Estate Groups (765) 288-0400

    Listing agent Tina Coons (765) 288-0400 License #RB14020128

    Listing date Mar 6, 2026

    MLS# 202607317 Listing URL

    Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. 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

    Farm with Barns and Home

    This unique property features over 230 acres of tillable farmland surrounding a two-story home. The property includes three barns, offering potential for living, entertainment, farm storage, and workspaces. Barn #1 is equipped with a full barn and recreation area, an airplane overhead door, and a bathroom; most of its contents are included. Barn #2 has a gravel floor and a large overhead door suitable for combine storage, but it lacks electricity. Barn #3 is insulated, heated, and has electric, concrete floors, and two overhead doors. Two silos are present, one with dryer and stirring capability and the other with a blower/dryer. An AGBEST-owned propane tank and a fuel tank (currently containing diesel) are included. The property once had an airport runway, and the Sperry Gyro Light, which still functions with green and white lighting, requires reconnection to an electric line. The woods are not included in the sale, and an easement off the north of the property off 500 E will be taken out of the sale. The total acreage, which needs to be surveyed for exactness, is estimated by the owner to be approximately 250-255 acres, encompassing the house, barns, and farmland. The property is located within minutes of Jay County and includes approximately 239 tillable acres. The house has 3706 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Hartford City
    County
    Blackford
    State
    Indiana
    Longitude
    -85.287677
    Latitude
    40.450055

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    FAQs

    What type of property is this?
    Farm - 230+ acres with home, barns, and tillable farmland.
    Where is this farm located?
    The property is located at 4399 E Sr 26 Rd Hartford City, IN.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Over 230 acres of tillable farmland.; - Three barns with diverse features: one with recreation areas and airplane door, one for combine storage, and one insulated with heat and electric.; - Two silos, one with dryer and stirring capability, and one with blower/dryer.
    (765) 744-6493
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    4399 E Sr 26 Rd Hartford City, IN 47348
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    Hartford City, IN 47348
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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
    4399 E Sr 26 Rd Hartford City, IN 47348
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    We can help!
    Listing Contact
    Tina Coons
    Real Estate License ID: RB14020128
    (765) 744-6493 (765) 288-0400
    Learn more
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