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

    5340 Annandale Way Tell City, IN 47586

    View on Map
    Claim this Listing
    For Sale
    $30,000

    Vacant Land - Tell City, IN

    Lot size:
    0.40 Acres
    Added:
    Oct 27, 2025
    Days on Market:
    180
    Last Refresh:
    Apr 24 at 2:06 pm

    Property Features for 5340 Annandale Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    100
    Parking features
    Garage
    Standard status
    Active
    APN
    62-13-14-100-013.009-006
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0
    Expense value
    20
    Expense
    Home Owner Assessments Fee

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kourtney Casebolt
    Kourtney Casebolt

    Listing agent Kourtney Casebolt

    Listing office Local Market Realty Team 132 13th St, Tell City, IN

    Listing date Oct 27, 2025

    MLS# 11596998 Listing URL

    Copyright © 2026 My State 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

    Residential Land in Tell City

    This 0.40-acre lot is located in The Highlands Subdivision, an exclusive subdivision. It is situated minutes outside of town, offering convenient access to shopping and dining. The property is intended for residential use, suitable for building a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Tell City
    County
    Perry
    State
    Indiana
    Longitude
    -86.707638
    Latitude
    37.99378

    Nearby Similar for Sale

    • $399,000
      3,360 SF

      Profitable Auto Shop For Sale

      Established auto shop with tools, inventory, and high traffic exposure.
      1506 11th St, Tell City, IN 47586
      View Details
    • $799,000

      Established Restaurant Property in Tell

      Commercial property with restaurant, catering, living quarters, and office spaces.
      1527 11th Street, Tell City, IN 47586
      View Details
    • $325,000

      Versatile Commercial Building in Tell City

      Adaptable commercial property with redevelopment potential in Southern Indiana.
      2015 Payne Street, Tell City, IN 47586
      View Details
    • $329,000

      Renovated Mixed-Use Commercial Building

      Versatile property ideal for entrepreneurs, creatives, or investors.
      606 Main Street, Tell City, IN 47586
      View Details
    • $59,000

      3.3 Acres Vacant Land

      3.3 acres of vacant land in Tell City, Indiana.
      BLK 283 20th St, Tell City, IN 47586
      View Details
    • $290,000
      7,700 SF

      Multi-Functional Income Property For Sale

      Mixed-use property with rental income potential in Tell City, IN.
      331 Main Street, Tell City, IN 47586
      View Details
    • $139,900
      1,622 SF

      Charming Farmhouse with Modern Updates

      Two-story farmhouse blending classic character with modern updates.
      403 12th Street, Tell City, IN 47586
      View Details
    • $527,500

      Established Butcher Shop/Market For Sale

      Thriving butcher shop and market business opportunity in Tell City.
      1414 20th Street, Tell City, IN 47586
      View Details
    • $30,000

      Tell City Vacant Land Opportunity

      Vacant lot in Tell City with high visibility.
      2119 Tell Street, Tell City, IN 47586
      View Details
    • $228,000

      Commercial Building in Tell City

      Commercial building for sale in Tell City, Indiana.
      1438 Main Street, Tell City, IN 47586
      View Details
    • $550,000

      Prime Wooded Land Auction

      112 acres of wooded land in Tell City, Indiana.
      0 Audubon & Atlanta Rd, Tell City, IN 47586
      View Details
    • $15,000

      Land for Sale in Tell City

      2.49 +/- acre vacant land in Tell City, Indiana.
      0 Rolling Pines, Tell City, IN 47586
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.40-acre lot in The Highlands Subdivision, Tell City, IN.
    Where is this residential land & home lot located?
    The property is located at 5340 Annandale Way Tell City, IN.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: .40‑acre lot size; Located in The Highlands Subdivision; Exclusive subdivision built by JK Forever Homes
    (812) 608-0159
    We can help!
    Listing Contact
    Kourtney Casebolt
    Kourtney Casebolt
    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!