Sign Up Successful!
You now have access to more from Realmo!
    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 Of Woodland Rd Knox, IN 46534

    Sponsored
    For Sale
    $229,900

    LAND - Knox, IN

    Lot size:
    9.08 Acres
    Days on Market:
    18
    Last Refresh:
    Feb 7 at 2:06 pm

    Property Features for E Of Woodland Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    751106400042200008
    Lot size
    9.08 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Karen Maynard
    Karen Maynard

    McColly Real Estate (219) 864-7200

    Listing agent Karen Maynard (219) 241-4899

    Listing date Jan 21, 2026

    MLS# 825051 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.

    Learn more

    Property Insight Report

    Overview

    9.08 Acres Wooded Land

    This 9.08-acre wooded land parcel is located near Bass Lake in Knox, Indiana. The property offers a setting suitable for building a house with privacy. The acreage provides a calm and peaceable environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Knox
    County
    Starke
    State
    Indiana
    Longitude
    -86.57297
    Latitude
    41.2449

    Nearby Similar for Sale

    • $305,000
      4,949 SF

      Commercial Building in Knox, Indiana

      Turnkey commercial opportunity with existing business and expansion potential.
      2240 Us Highway 35, Knox, IN 46534
      View Details
    • $225,000
      1,650 SF

      Established Pizza Business Opportunity

      Turn-key Pizza King franchise for sale in high-traffic area.
      103 S Heaton St, Knox, IN 46534
      View Details
    • $139,900
      Pending

      Knox Duplex: Investment Opportunity

      Two-unit duplex in Knox, Indiana, convenient to city amenities.
      503 S Heaton St, Knox, IN 46534
      View Details
    • $225,000

      Established Pizza Restaurant For Sale

      Turn-key Pizza King franchise opportunity in high-traffic location.
      103 S Heaton St, Knox, IN 46534
      View Details
    • $225,000
      0.20 Acres

      Prime Knox Retail Space - Pizza King Franchise

      Established Pizza Business, High Traffic Area, Profitable
      103 Heaton St, Knox, IN 46534
      View Details
    • $3,431,000
      14,259 SF

      Walgreens Knox, IN Investment

      Corporate-guaranteed Walgreens; strong ROI.
      1207 Heaton St, Knox, IN 46534
      View Details
    • $379,900
      0.50 Acres

      Knox Commercial Building - High Traffic Area

      Prime Knox location, 2+ buildings, high traffic count.
      1308 Heaton St, Knox, IN 46534
      View Details

    FAQs

    What type of property is this?
    Land - 9.08 wooded acres near Bass Lake, Knox, Indiana.
    Where is this land located?
    The property is located at E Of Woodland Rd Knox, IN.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - 9.08 Wooded Acres - Build your dream house on this large, private lot.; - Close to Bass Lake; - Build Your Dream House
    (219) 241-4899
    Request Owner's contact information
    E Of Woodland Rd Knox, IN 46534
    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.
    E Of Woodland Rd
    Knox, IN 46534
    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
    E Of Woodland Rd Knox, IN 46534
    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

    We can help!
    Listing Contact
    Karen Maynard
    Karen Maynard
    Real Estate License ID: RB14018881
    (219) 241-4899
    Learn more
    Google sign-in failed. Please try again or use another login method.