Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 S State Road Bargersville, IN 46106

    View on Map
    Claim this Listing
    For Sale
    $750,000

    Unimproved Land - Bargersville, IN

    Type:Unimproved Land
    Lot size:
    2.03 Acres
    Added:
    Oct 31, 2024
    Days on Market:
    545
    Last Refresh:
    Apr 28 at 11:06 pm

    Property Features for 0 S State Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Zoning
    C-3
    Standard status
    Active
    APN
    410423041119000039
    Lot size
    2.03 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Linder

    Listing agent Mark Linder License #RB14044403

    Listing office CENTURY 21 Scheetz Olive Branch Parke Ln Ste A, Indianapolis, IN

    Listing date Oct 31, 2024

    MLS# 22009150 Listing URL

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bargersville Land in Prime Location

    This property features two acres of unimproved land situated in Bargersville, specifically at the southwest corner of State Road 135 and the entrance to Somerset Subdivision, south of Smokey Row Road. Zoned C-3, the site has all utilities available. According to county records as of October 24, 2024, only one building is permitted on the premises. The property presents a development opportunity, potentially accommodating 4 to 8 office condos, depending on square footage. This location is suitable for a commercial developer or a user seeking to occupy a portion of an 8,000 to 10,000 square foot building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bargersville
    County
    Johnson
    State
    Indiana
    Longitude
    -86.1953
    Latitude
    39.4919

    Nearby Similar for Sale

    • $749,999

      Bargersville 16-Acre Partially Wooded Lot

      16-acre partially wooded lot, perfect for your dream home!
      437 N State Road 135, Bargersville, IN 46106
      View Details
    • $1,950,000

      Bargersville Residential Land Opportunity

      36.81 acre residential land parcel in Bargersville, Indiana.
      6305 Travis Road, Bargersville, IN 46143
      View Details
    • $599,900

      Bargersville Land for Custom Home

      Prime 10-acre residential lot for a custom home.
      00 N State Road 135, Bargersville, IN 46106
      View Details
    • $1,100,550

      Bargersville Land with Commercial Potential

      7.59 acre site with frontage on Old Plank Road.
      00 W State Road 144, Bargersville, IN 46106
      View Details
    • $225,000

      Turnkey Greek Restaurant Business

      Profitable, fully equipped restaurant for sale near Highway 135.
      524 E Old Plank Rd, Bargersville, IN 46106
      View Details
    • $960,000
      690,426 SF

      16-Acre Partially Wooded Lot

      16-acre partially wooded lot, perfect for building your dream home.
      437 North State Road 135, Bargersville, IN 46106
      View Details
    • $184,900

      Residential Lots in Luxury Community

      Residential lots in a highly desired luxury lifestyle community.
      4079 Pitscottie Court, Bargersville, IN 46106
      View Details
    • $8,787,720

      43.72 Acres Commercial Land Available

      43.72+- acres available, adjoins new retail project.
      5851 N State Rd 135, Bargersville, IN 46106
      View Details
    • $1,782,000

      Commercial Land in Bargersville

      Commercial land available at SR 135 and Whiteland Road.
      S Grove Blvd, Bargersville, IN 46131
      View Details
    • $759,000

      Prime Commercial Outlot on State Road

      1.64 acre commercial land with frontage on State Road.
      000 N State Rd 135 Rd N, Bargersville, IN 46106
      View Details
    • $525,000

      Prime Commercial Land Opportunity

      1.3 acre commercial land for sale or ground lease.
      4990 N Road 400 W, Bargersville, IN 46106
      View Details
    • $4,000,000

      Prime Frontage on SR 135

      Commercial or multifamily development opportunity with utilities nearby.
      4000 N State Rd 135, Bargersville, IN 46106
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two-acre commercial land in Bargersville with all utilities on site.
    Where is this commercial land located?
    The property is located at 0 S State Road Bargersville, IN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Prime 2‑acre commercial property in Bargersville (Center Grove) at the corner of 135 and Somerset Subdivision entrance.; Zoned C‑3, suitable for commercial development.; All utilities are already on site.
    (317) 844-5111
    We can help!
    Listing Contact
    Mark Linder
    Real Estate License ID: RB14044403
    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!