Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Zionsville Farm Land For Sale Title is generated by Realmo AI

    6745 S 475 E, Zionsville, IN 46052

    View on Map
    Claim this Listing
    For Sale
    $1,800,000

    Farm - Zionsville, IN

    Type:Farm
    Lot size:
    20.25 Acres
    Added:
    Jun 11, 2025
    Days on Market:
    357
    Last Refresh:
    Jun 2 at 1:06 am

    Property Features for 6745 S 475 E

    General Information

    Property type
    Land
    Property subtype
    Farm
    Zoning
    Ag
    Standard status
    Active
    APN
    060302000043003013
    Lot size
    20.25 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joshua Martin

    Listing agent Joshua Martin License #RB16000982

    Listing office Real Broker, LLC Lantern Rd Ste 275, INDIANAPOLIS, IN

    Listing date Jun 11, 2025

    MLS# 22044291 Listing URL

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 40+ Acres of land for sale in Zionsville.
    • Prime development opportunity due to Agricultural zoning.
    • Located off Whitestown Pkwy, only 1.38 miles from Interstate 65.
    • Includes a home, garage & apartment, barn, and tool shed.
    • Majority of land is tillable with an existing crop lease.
    • Potential to purchase with neighboring lots for a total of approximately 40 acres.

    Overview

    This property features over 20 acres of land in Perry Township, within the city of Zionsville, Indiana. Located off Whitestown Parkway, it is 1.38 miles from Interstate 65 and Whitestown Parkway. The property is near the Golf Club of Indiana and adjacent to the Pulte community of Cardinal Pointe. Currently zoned for agricultural use, the majority of the land is tillable and under a crop lease. The parcel includes a house, garage, apartment, barn, and tool shed, though these structures are currently unoccupied. This parcel is approximately 20 acres and is positioned for potential development. The property can be purchased with neighboring lots, totaling approximately 40 acres across four parcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Zionsville
    County
    Boone
    State
    Indiana
    Longitude
    -86.4591
    Latitude
    40.0478

    Nearby Similar for Sale

    • $999,999

      Residential Lot with Golf Course View

      Residential lot with golf course view in Holliday Farms.
      4330 Elmscott Ridge, Zionsville, IN 46077
      View Details
    • $750,000

      Zionsville Residential Lots with Creek

      7+ acre residential lots with 1200 ft creek frontage.
      7655 E 550 S, Zionsville, IN 46077
      View Details
    • $335,000

      Residential Land in Desirable Location

      Land for new construction in Zionsville's sought-after location.
      9702 E 375 S, Zionsville, IN 46077
      View Details
    • $2,325,000

      Zionsville Residential Lots with Pond

      13+ acre residential sanctuary near Main Street in Zionsville, IN.
      410 S Fourth Street, Zionsville, IN 46077
      View Details
    • $395,000

      Zionsville Land: Development Opportunity

      Versatile 0.55-acre lot suitable for residential or commercial development.
      10395 E Taylor Road, Zionsville, IN 46077
      View Details
    • $495,000

      Versatile Lot in Growing Area

      1.17 acre lot suitable for residential or commercial development.
      10048 E Taylor Avenue, Zionsville, IN 46077
      View Details
    • $395,000

      Residential Lots in Gated Community

      Residential lots in Zionsville's gated community with Holliday Farms membership.
      1645 Dye Creek Court, Zionsville, IN 46077
      View Details
    • $200,000

      Residential Lot in Wild Air

      Homesite in amenity-rich Wild Air community.
      6123 Littleton Street, Zionsville, IN 46077
      View Details
    • Contact for pricing
      15,959 SF

      Class A Office Building Zionsville

      Multi-tenant office building in Zionsville, near downtown retailers and restaurants.
      NEC 106th Street & Main Street, Zionsville, IN 46077
      View Details
    • $531,250

      Land For Sale

      Land available for sale in Zionsville, Indiana.
      2905 S 1200 E, Zionsville, IN 46077
      View Details
    • $2,325,000

      Land Available in Zionsville

      Land for sale at 410 S Fourth Street, Zionsville.
      410 S Fourth Street, Zionsville, IN 46077
      View Details
    • $199,000

      Residential Lots in Holliday Farms

      Residential lots in Zionsville's Holliday Farms community with social membership.
      4155 Hartswick Court, Zionsville, IN 46077
      View Details

    FAQs

    What type of property is this?
    Farm - 20+ acre farm land parcel in Zionsville, Indiana.
    Where is this farm located?
    The property is located at 6745 S 475 E Zionsville, IN.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 40+ Acres of land for sale in Zionsville.; Prime development opportunity due to Agricultural zoning.; Located off Whitestown Pkwy, only 1.38 miles from Interstate 65.
    (317) 437-0662
    We can help!
    Listing Contact
    Joshua Martin
    Real Estate License ID: RB16000982
    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

    Thank You for Inquiry
    6745 S 475 E, Zionsville, IN 46052
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!