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

    E 400 N Road Decatur, IN 46733

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at E 400 N Road, Decatur, IN
    Pending
    Contact for pricing

    Residential Land - Decatur, IN

    Lot size:
    0.60 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    40
    Last Refresh:
    Apr 20 at 11:06 am

    Property Features for E 400 N Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    01-05-11-301-002.000-021
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Annual Amount
    57.36

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Missy Burkhalter
    Missy Burkhalter

    Listing agent Missy Burkhalter License #RB14037762

    Listing office Prestige Realty & Associates LLC 103 S 2nd St, Decatur, IN

    Listing date Mar 12, 2026

    MLS# 202608623 Listing URL

    Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Decatur
    County
    Adams
    State
    Indiana
    Longitude
    -84.9095294
    Latitude
    40.8042887

    Nearby Similar for Sale

    • $387,000
      3,692 SF

      Decatur Duplex with Pole Building

      Duplex with move-in-ready units and a large pole building.
      5020 N 400 W, Decatur, IN 46733
      View Details
    • $3,500,000

      Decatur Industrial Building with Outlots

      Industrial building with office space and additional outlots for sale.
      1236 Patterson Street, Decatur, IN 46733
      View Details
    • $100,000

      Decatur Agricultural Land For Sale

      4.084 acres of agricultural land in Decatur, Indiana.
      N 300 E Road, Decatur, IN 46733
      View Details
    • $26,000

      Decatur, IN Residential Land

      Residential land for sale in Decatur, Indiana.
      E 400 N Road, Decatur, IN 46733
      View Details
    • $27,500

      Decatur Residential Land For Sale

      1.466 acre wooded lot in Adams Central school district.
      E Woodstone Lane, Decatur, IN 46733
      View Details
    • $995,000
      7,198 SF

      Decatur Commercial Property on US 27

      7,198 SF commercial building on 3.4 acres in Decatur.
      1011 N. 13th St., Decatur, IN 46733
      View Details
    • $499,900

      Highway Frontage Mechanic Repair Car Lot

      Commercial property with highway frontage, currently mechanic repair and car lot.
      903 N 13th Street, Decatur, IN 46733
      View Details
    • $45,000

      Decatur Residential Land For Sale

      Residential land available in Decatur, Indiana, ideal for building.
      122 Brookwood Rd, Decatur, IN 46733
      View Details
    • $65,000

      Decatur Agricultural Land For Sale

      5.07 acres of agricultural land in Decatur, Indiana.
      W US HWY 224, Decatur, IN 46733
      View Details
    • $4,040,000
      14,820 SF

      Former Walgreens Retail Opportunity

      14,820 SF retail building on 1.60 acres.
      123 N 13th St, Decatur, IN
      View Details
    • $125,000
      177,899 SF

      Agricultural Land For Sale

      4.084 acres of agricultural land available for purchase.
      300 North E Road, Decatur, IN 46733
      View Details
    • $8,000,000
      63,248 SF

      Well-Maintained Industrial Building For Lease

      63,248 SF industrial building with expansion potential on 10 acres.
      400 Chamber Dr, Decatur, IN
      View Details

    FAQs

    Where is this residential land & home lot located?
    The property is located at E 400 N Road Decatur, IN.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Excellent building lot in a convenient location.; Regional Sewer planned for Spring 2026.; Located in Borum's Run Subdivision.
    (260) 301-6108
    We can help!
    Listing Contact
    Missy Burkhalter
    Missy Burkhalter
    Real Estate License ID: RB14037762
    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!