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

    500 S US Hwy 41 Lot 3 Highway Williamsport, IN 47993

    View on Map
    Claim this Listing
    For Sale
    $129,000

    Commercial Land - Williamsport, IN

    Lot size:
    2.00 Acres
    Added:
    Jan 6, 2025
    Days on Market:
    468
    Last Refresh:
    Apr 19 at 7:06 am

    Property Features for 500 S US Hwy 41 Lot 3 Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    86-08-34-400-022.003-006
    Lot size
    2.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Smyth

    Listing agent David Smyth License #RB14029586

    Listing office Warren Agency 34 N MONROE STREET, Williamsport, IN

    Listing date Jan 6, 2025

    MLS# 202500444 Listing URL

    Copyright © 2026 Lafayette Regional 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

    Commercial Land in Williamsport, IN

    This commercial land, approximately 2 acres in size, is zoned C-2 and located in Williamsport, Indiana. The property is suitable for a variety of commercial uses. A survey will need to be completed to determine the exact boundaries. The seller is able to build to suit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Williamsport
    County
    Warren
    State
    Indiana
    Longitude
    -87.2831
    Latitude
    40.3333

    Nearby Similar for Sale

    • $499,000

      Spacious Retail Property on Highway

      9,310 SF commercial property on 1.11 acres in Williamsport.
      500 28 Highway, Williamsport, IN 47993
      View Details
    • $450,000

      Mixed-Use Property with Multiple Buildings

      Three buildings with diverse uses plus residential parcel.
      520 State Road 28 Highway, Williamsport, IN 47993
      View Details
    • $1,475,000

      Diverse Land with Pond and Timber

      144+/- acres in Warren County with pond, trails, and timber.
      5150 W Wander Road, Williamsport, IN 47993
      View Details
    • $65,000

      Residential Land in Williamsport, IN

      1.4 acres suitable for duplexes or a home.
      15-23 Grant Street, Williamsport, IN 47993
      View Details
    • $119,900

      16 Acres of Recreational Land

      Recreational 16-acre property perfect for hunting and building a home.
      0 W St Rd 63, Williamsport, IN 46040
      View Details
    • $90,000

      Residential Land in Williamsport, IN

      Residential land with utilities available in Williamsport, Indiana.
      tbd Hickory Street, Williamsport, IN 47993
      View Details
    • $235,000
      5,919 SF

      Flex Space Building in Williamsport

      Flex space with retail, warehouse, and apartment potential.
      200 N Monroe St, Williamsport, IN
      View Details
    • $129,000

      Commercial Land in Williamsport, IN

      2-acre commercial land suitable for various uses in Williamsport, Indiana.
      575 S Williamsport Lot 1 Road, Williamsport, IN 47993
      View Details
    • $129,000

      Commercial Land in Williamsport, IN

      Two-acre commercial land suitable for various uses in Williamsport, Indiana.
      575 S Williamsport Lot 2 Road, Williamsport, IN 47993
      View Details
    • $1,350,000
      1,860 SF

      Productive Farmland with Custom Log Cabin

      89.367-acre farm with tillable acreage, woods, and cabin.
      4530 S Frye Hill Rd, Williamsport, IN 47993
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2-acre commercial land suitable for various uses in Williamsport, IN.
    Where is this commercial land located?
    The property is located at 500 S US Hwy 41 Lot 3 Highway Williamsport, IN.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: Zoned C‑2 for a variety of commercial uses; Approximately 2.0 Acres; Seller is able to build to suit, making it suitable for commercial development
    (765) 585-0459
    We can help!
    Listing Contact
    David Smyth
    Real Estate License ID: RB14029586
    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!