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

    Hillside Dr Washington, IN 47501

    View on Map
    Claim this Listing
    For Sale
    $90,000

    Vacant Land - Washington, IN

    Lot size:
    0.28 Acres
    Added:
    Jan 29, 2024
    Days on Market:
    812
    Last Refresh:
    Apr 20 at 3:06 am

    Property Features for Hillside Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    200
    Parking features
    Garage
    Standard status
    Active
    APN
    14-10-35-201-079.000-017
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    276

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jared Miller

    Listing agent Jared Miller

    Listing office The Selling Table 6299 Terrace Court Dr, Montgomery, IN

    Listing date Jan 29, 2024

    MLS# 11239894 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

    Commercial Land in Washington, IN

    This .282 acre tract of commercial land is situated in the central commercial area of Washington, Indiana. The location is near medical, office, retail, and restaurant establishments. The property has been recently rezoned as commercial, contingent on site plan approval.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Washington
    County
    Daviess
    State
    Indiana
    Longitude
    -87.158328
    Latitude
    38.654973

    Nearby Similar for Sale

    • $189,500

      Versatile Commercial Property in Washington

      Commercial property with office spaces, garage, and expansion potential.
      11 N Meridian Street, Washington, IN 47501
      View Details
    • $306,000

      Adaptable Commercial Property in Washington

      Multi-functional commercial property with adaptable space for various uses.
      206 & 208 S Meridian Street, Washington, IN 47501
      View Details
    • $1,000

      Livestock Transfer Station For Sale

      Well-equipped livestock transfer station with convenient access and ample space.
      520 N 450 E, Washington, IN 47501
      View Details
    • $350,000

      Mixed-Use Property in Downtown Washington

      Mixed-use commercial property with income potential in downtown Washington.
      520 E Van Trees Street, Washington, IN 47501
      View Details
    • $59,500
      1,560 SF

      Washington, IN Triplex Opportunity

      Triplex with renovation potential in Washington, Indiana.
      5 W National Highway, Washington, IN 47501
      View Details
    • $49,500

      Residential Land on Troy Road

      1.5 acre residential lot on the edge of town.
      Troy Road, Washington, IN 47501
      View Details
    • $190,000

      Industrial Land in Washington, IN

      1.53 acre industrial lot in established industrial park.
      1870 E Waller Drive, Washington, IN 47501
      View Details
    • $155,900

      Downtown Mixed-Use Investment Opportunity

      Two-story brick building with storefront and apartments in revitalized downtown.
      104 E Main Street, Washington, IN 47501
      View Details
    • $1,390,000

      Updated Turkey Farm on 8 Acres

      Fully updated, highly productive turkey facility on 8 acres.
      260 South, Washington, IN 47501
      View Details
    • $414,205

      Productive Agricultural Land For Sale

      48.73 acres of well-maintained, irrigated farm ground.
      2200 N 150 W Road, Washington, IN 47501
      View Details
    • $53,500

      Versatile Commercial Space Near Main

      Prime location near Main Street, suitable for office or retail.
      19 NE 3rd Street, Washington, IN 47501
      View Details
    • $49,900

      Washington, IN Residential Land

      2.014 acre wooded lot with city water.
      1338 E 100 N Road, Washington, IN 47501
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant .282 acre commercial land in central Washington.
    Where is this commercial land located?
    The property is located at Hillside Dr Washington, IN.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: Prime commercial location in the heart of Washington.; Situated near medical, office, retail, and restaurant locations.; Recently rezoned as commercial.
    (812) 217-7002
    We can help!
    Listing Contact
    Jared Miller
    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!