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

    St Road 55 Demotte, IN 46310

    View on Map
    Claim this Listing
    For Sale
    $139,000

    LAND - DeMotte, IN

    Lot size:
    5.01 Acres
    Added:
    Jun 28, 2023
    Days on Market:
    1026
    Last Refresh:
    Apr 18 at 7:06 pm

    Property Features for St Road 55

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    560510300025000013
    Lot size
    5.01 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    Legal Description: the West 1/2 of Lot 30 WALKER'S THRIFT COLONY LINCOLN TWP 578
    Tax Annual Amount
    120

    We can help!

    Listing Contact
    Guy Carlson

    Listing agent Guy Carlson License #RB22000210

    Listing office McColly Real Estate 1964 N. Main Street, Schererville, IN

    Listing date Jun 28, 2023

    MLS# 532732 Listing URL

    Copyright © 2026 Greater Northwest Indiana 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

    DeMotte, IN - Five Acres

    This property features five acres of land situated on State Road 55, located just north of State Road 10 in DeMotte, Indiana. The property is currently zoned for agricultural use (AG). The location provides convenient access to Interstate I-65 and Route 41 via State Road 10. The property is subject to agricultural tenant's rights for the 2025 crop year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Demotte
    County
    Jasper
    State
    Indiana
    Longitude
    -87.2663
    Latitude
    41.1657

    Nearby Similar for Sale

    • $399,900
      3,260 SF

      Spacious Office Building in DeMotte

      Remodeled office building on main road with subleasing potential.
      1114 S Halleck Street, DeMotte, IN 46310
      View Details
    • $4,350,000
      57,905 SF

      Anchored Retail Hub Near I-65

      Fully leased retail center with development potential near Interstate 65.
      5914 E State Road 10, DeMotte, IN 46310
      View Details
    • $389,900

      Spacious Duplex in DeMotte, IN

      Duplex with strong income potential, 3 beds, 2 baths.
      1919-1921 Daisy Street SE, DeMotte, IN 46310
      View Details
    • $55,000

      Wooded Lot in DeMotte, IN

      1.03-acre wooded lot to build your dream home.
      East Drive, DeMotte, IN 46310
      View Details
    • $87,500

      5.21 Acres in DeMotte

      5.21 acre partially wooded land parcel in DeMotte, Indiana.
      655 Orchid Street SE, DeMotte, IN 46310
      View Details
    • $139,900

      Acreage Land Parcel in DeMotte

      Land parcels ranging from 5 to 13 acres available.
      Parcel B-2 1100 N, DeMotte, IN 46310
      View Details
    • $159,900

      Acreage Land Parcel For Sale

      Land parcel ranging from 5 to 13 acres available.
      Parcel B-4 700 W, DeMotte, IN 46310
      View Details
    • $53,900

      DeMotte, IN Build-Ready Homesite

      Affordable homesite in new subdivision, convenient location.
      407 Kapok Street SW, DeMotte, IN 46310
      View Details
    • $55,900

      Residential Land in Hawk Creek

      Build-ready homesite in new subdivision close to amenities.
      410 Kapok SW, DeMotte, IN 46310
      View Details
    • $57,900

      Residential Land in Hawk Creek

      Build-ready homesite in new subdivision near schools and shopping.
      1001 5th Street SW, DeMotte, IN 46310
      View Details
    • $53,900

      Residential Land in Hawk Creek

      Build-ready homesite in new subdivision close to amenities.
      400 Kapok SW, DeMotte, IN 46310
      View Details

    FAQs

    What type of property is this?
    Land - Five acres of agricultural land near State Road 55.
    Where is this land located?
    The property is located at St Road 55 Demotte, IN.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: Five‑acre property with development potential; Conveniently located near State Roads 55 and 10; Easy access to Interstate I‑65 and Route 41
    (219) 309-7080
    We can help!
    Listing Contact
    Guy Carlson
    Real Estate License ID: RB22000210
    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!