Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4729 W McNeely Street Ellettsville, IN 47429

    View on Map
    For Sale
    $166,400

    Residential Land - Ellettsville, IN

    Lot size:
    2.56 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    33
    Last Refresh:
    Mar 31 at 5:06 pm

    Property Features for 4729 W McNeely Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    53-04-11-100-025.000-013
    Lot size
    2.56 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lindsey Clark
    Lindsey Clark

    Listing agent Lindsey Clark License #RB19000653

    Listing office Barberry Realty 7693 W Reeves Rd, Bloomington, IN

    Listing date Feb 26, 2026

    MLS# 202606076 Listing URL

    Copyright © 2026 Indiana Uplands Realtor® Association. 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 Ellettsville, IN

    This 2.56-acre residential land is located in Ellettsville, IN. The property offers multiple ideal build sites and views. A soil test has been completed, and potential septic locations have been identified. Utilities at the road include electric, city water, natural gas, and high-speed fiber internet. The location provides a country feel with access to Indiana University and I-69.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellettsville
    County
    Monroe
    State
    Indiana
    Longitude
    -86.595638
    Latitude
    39.237394

    Nearby Similar for Sale

    • $364,900

      Ellettsville Retail/Office Investment Opportunity

      Rare commercial building in downtown Ellettsville, perfect for retail/office.
      207-209 N Sale Street, Ellettsville, IN 47429
      View Details
    • $224,900
      1,721 SF

      Ellettsville Duplex: Investment Opportunity

      Duplex near Memorial Stadium with rental upside and expansion potential.
      314 W Association Street, Ellettsville, IN 47429
      View Details
    • $49,900

      Ellettsville Land For Sale

      0.2 acre lot suitable for residential or commercial development.
      909 W Temperance Street, Ellettsville, IN 47429
      View Details
    • $49,900

      Ellettsville Commercial Lot For Sale

      0.2 acre commercial lot suitable for office or residential use.
      909 W Temperance Street, Ellettsville, IN 47429
      View Details
    • $1,495,000

      Ellettsville Commercial Land For Sale

      5.62 acres with redevelopment potential in a strong growth corridor.
      5665 W State Road 46 Road, Ellettsville, IN 47404
      View Details
    • $204,100

      Residential Land in Ellettsville, IN

      Partially wooded 3.14 acre lot with utilities available.
      4633 W McNeely Street, Ellettsville, IN 47429
      View Details
    • $200,200

      Residential Land in Ellettsville, IN

      Partially wooded 3.08-acre lot with utilities available.
      4637 W McNeely Street, Ellettsville, IN 47429
      View Details
    • $627,500

      Ellettsville Land For Sale

      48.607 acres of wooded land in Monroe County.
      TBD Walker Lane, Ellettsville, IN 47429
      View Details
    • $130,000

      Ellettsville Residential Land Opportunity

      Partially wooded 2-acre lot with utilities and completed soil test.
      5025 W McNeely Street, Ellettsville, IN 47429
      View Details
    • $159,250

      Residential Land in Ellettsville, IN

      Partially wooded lot with utilities and easy access to amenities.
      4945 W McNeely Street, Ellettsville, IN 47429
      View Details
    • $139,900

      Buildable Land in Ellettsville, Indiana

      Buildable parcel in The Woods at Meadowlands neighborhood.
      811 N Daisy (lot 90) Drive, Ellettsville, IN 47429
      View Details
    • $52,500

      Residential Land in Meadowland Community

      Build-ready lot near Bloomington, ideal for a custom home.
      5463 W Channing Way, Ellettsville, IN 47429-1648
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.56 acre lot with utilities and ideal build sites.
    Where is this residential land & home lot located?
    The property is located at 4729 W McNeely Street Ellettsville, IN.
    What is the asking price?
    The asking price for this property is $166,400.
    What are key features of this property?
    This property features: Multiple ideal build sites with beautiful views.; Utilities at the road: electric, city water, natural gas, and high‑speed fiber internet.; Soil test completed with potential septic locations identified.
    (812) 821-3431
    We can help!
    Listing Contact
    Lindsey Clark
    Lindsey Clark
    Real Estate License ID: RB19000653
    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!