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    N Regan Pl West Terre Haute, IN 47885

    Sponsored
    For Sale
    $614,900

    Farm - West Terre Haute, IN

    Type:Farm
    Lot size:
    61.00 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 5 at 2:06 am

    Property Features for N Regan Pl

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    Agri 1
    APN
    84-01-36-301-001.000-025
    Exterior features
    Pond, Stream
    Lot size
    61.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MACKENZIE SIPES

    Century 21 Elite (812) 238-1771

    Listing agent MACKENZIE SIPES (812) 238-1771

    Listing date Jan 27, 2026

    MLS# 108462 Listing URL

    Copyright © 2026 Terre Haute Area 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

    61 Acres of Versatile Farmland

    Located in West Terre Haute, Indiana, this 61-acre property offers a combination of natural features and income-generating potential. The land includes just over 29 acres of dry, tile-drained tillable farmland and nearly 32 acres of woodland. The woodland is home to wildlife, including wild turkey and native birds. The property has generated $9,925 annually from cash lease with tenants planting corn and soybeans. Currently, no lease is signed for 2026. Wolf Creek meanders through the property, featuring a wide, sandy-bottom section. A 0.5-acre stocked pond contains largemouth bass, bluegill, and rock bass. The northern boundary is secured by a 3-year-old, four-string high-tensile fence with pressure-treated posts. A metal gate marks the entrance, with posts in place for an additional gate near the tillable land. The property has attracted interest from solar energy companies for leasing. Mineral rights are available. The property is located North of Terre Haute. From US HWY 150, travel 1.3 miles on W Sandford Ave. and turn left onto N Regan Pl. and travel 1.0 mile to the double silver gate on the left. The property is suitable for agriculture, recreation, and long-term investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    West Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.480518
    Latitude
    39.529006

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    FAQs

    What type of property is this?
    Farm - 61-acre property with tillable land, woodland, and income potential.
    Where is this farm located?
    The property is located at N Regan Pl West Terre Haute, IN.
    What is the asking price?
    The asking price for this property is $614,900.
    What are key features of this property?
    This property features: - 61-acre property with diverse income potential from tillable farmland, timber, and potential solar energy leases.; - Nearly 30 acres of dry, tile-drained tillable farmland currently generating cash lease income.; - Almost 32 acres of woodland abundant with wildlife, ideal for hunting, recreation, or a nature preserve.
    (812) 238-1771
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    N Regan Pl West Terre Haute, IN 47885
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    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
    N Regan Pl West Terre Haute, IN 47885
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    Listing Contact
    MACKENZIE SIPES
    (812) 238-1771
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