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

    TBD W 500 N Winchester, IN 47394

    View on Map
    Claim this Listing
    For Sale
    $64,900

    Agricultural Land - Winchester, IN

    Lot size:
    2.38 Acres
    Added:
    Oct 20, 2025
    Days on Market:
    173
    Last Refresh:
    Apr 10 at 3:06 am

    Property Features for TBD W 500 N

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Barn
    Standard status
    Active
    APN
    68-05-25-400-008.000-001
    Lot size
    2.38 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1333.94

    Building Details

    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Paul Faddis

    Listing agent Paul Faddis License #RB15000347

    Listing office Tarter Realty Auction and Appraisal Company 123 W Franklin St, Winchester, IN

    Listing date Oct 20, 2025

    MLS# 202542670 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.

    Overview

    Randolph County Agricultural Land

    This 2.38-acre property is located just north of IN-32 in Randolph County. It features a livestock barn with a hay loft and open ground. The land's layout and convenient location offer potential for various uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Winchester
    County
    Randolph
    State
    Indiana
    Longitude
    -84.966416
    Latitude
    40.237699

    Nearby Similar for Sale

    • $349,900

      Versatile Commercial Property in Winchester

      Adaptable commercial space with excellent visibility and flexible indoor/outdoor layout.
      395 Symmes Center Drive, Winchester, IN 47394
      View Details
    • $3,500,000

      Established Golf Facility For Sale

      Full-service golf facility with 27 holes on 202 acres.
      985 Simpson Dr, Winchester, IN 47394
      View Details
    • $249,900

      Prime Commercial Land Near US 27

      1.48-acre commercial land parcel near Walmart and thriving businesses.
      TBD Progress Boulevard, Winchester, IN 47394
      View Details
    • $349,900

      Winchester Commercial Land Opportunity

      3.57+/- acre commercial land parcel in high-traffic location.
      TBD Symmes Center Drive Lot #3, Winchester, IN 47394
      View Details
    • $364,900

      Winchester Commercial Land For Sale

      3.44 acre commercial land parcel in Winchester, Indiana.
      TBD Symmes Center Drive, Winchester, IN 47394
      View Details
    • $35,000

      Residential Land on Golf Course

      Residential land for sale on Winchester Golf Course.
      1033 S Huntsville Road, Winchester, IN 47394
      View Details
    • $999,000

      Winchester Retail Investment Opportunity

      High-traffic commercial property with long-term tenants in place.
      620 - 640 E Washington Street, Winchester, IN 47394-1713
      View Details
    • $1,950,000
      29,000 SF

      New Storage Facility on US-27

      Newly developed storage facility with expansion potential in Winchester, Indiana.
      3661 US-27, Winchester, IN 47394
      View Details
    • $32,000

      Winchester Residential Land For Sale

      Residential land available on the Winchester Golf Course.
      Lot 5 Huntsville Road, Winchester, IN 47394
      View Details
    • $349,900

      Prime Land Parcel For Sale

      3.57-acre commercial land parcel with high traffic access.
      TBD Symmes Center Dr., Winchester, IN 47394
      View Details
    • Contact for pricing

      Commercial Land Near Walmart

      Land for retail development anchored by Walmart Supercenter.
      950 E Greenville Pike, Winchester, IN
      View Details
    • $999,000

      Fully Leased Commercial Building

      Fully leased commercial building on State Road 32.
      620 - 640 E Washington Street, Winchester, IN 47394
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 2.38 acres with livestock barn near IN-32.
    Where is this agricultural land / farmland located?
    The property is located at TBD W 500 N Winchester, IN.
    What is the asking price?
    The asking price for this property is $64,900.
    What are key features of this property?
    This property features: 2.38 acres of land.; Includes a livestock barn with hay loft.; Open ground.
    (765) 994-8533
    We can help!
    Listing Contact
    Paul Faddis
    Real Estate License ID: RB15000347
    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!