Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land by Cedar Creek Title is generated by Realmo AI

    TBD Valley Drive, Leo, IN 46765

    View on Map
    Claim this Listing
    For Sale
    $768,000

    Residential Land - Leo, IN

    Lot size:
    2.80 Acres
    Added:
    Feb 23, 2026
    Days on Market:
    93
    Last Refresh:
    May 27 at 8:06 pm

    Property Features for TBD Valley Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    00-00-00-000-000.000-000
    Lot size
    2.80 Acres

    Taxes and HOA fees

    Tax Annual Amount
    442.96

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Troy Wieland
    Troy Wieland

    Listing agent Troy Wieland License #RB14038587

    Listing office Wieland Real Estate 15004 SR1, Leo, IN

    Listing date Feb 23, 2026

    MLS# 202605729 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.

    HighLights

    • 10 acres of residential build sites on Cedar Creek, offered in 2 or 3 tracts.
    • Located on a protected scenic recreational waterway.
    • Unmatched privacy within a tree‑covered creek valley.
    • Creek frontage with sycamores, maples, and redbud trees.
    • Developed lot amenities included.
    • Opportunity to determine if the 10 acres are offered in 2 or 3 tracts by being the first contract.

    Overview

    Located along a bend of Cedar Creek, this residential land offers scenery and privacy. The property features tree-covered high banks framing a wide open creek valley. Sycamores, maples, and redbud trees line the creek banks. The 10 acres are offered in 2 or 3 tracts as residential build sites. The location is part of a 13.7-mile stretch of Cedar Creek, designated as a protected scenic recreational waterway in 1976. The available tracts have developed lot amenities. The property is located in Leo, Indiana.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Leo
    County
    Allen
    State
    Indiana
    Longitude
    -85.0533678
    Latitude
    41.2203579

    Nearby Similar for Sale

    • $300,000
      3,226 SF

      Leo, Indiana Car Wash Facility

      Car wash with self-service and automatic bays on 0.87 acres.
      14419 Leo Road, Leo, IN 46765
      View Details
    • $1,900,000

      Leo Road Commercial Opportunity

      Prime location in Leo with high visibility and accessibility.
      14408 Leo Road, Leo, IN 46765
      View Details
    • $1,400,000

      50 Acre Residential Land Parcel

      Large land parcel with mature trees, pond, and meadows.
      0 Hollopeter Road, Leo, IN 46765
      View Details
    • $2,750,000
      10,400 SF

      Established Kid City USA Location

      Long-term leased Kid City USA in Leo-Cedarville, Indiana.
      14621 Amstutz Rd, Leo, IN
      View Details
    • $768,000

      Residential Land Near Cedar Creek

      Residential land with scenic views and recreational waterway access.
      TBD Valley Drive, Leo, IN 46765
      View Details
    • $59,900

      Residential Land in Tullymore Run

      Residential lot in exclusive Fort Wayne community, custom build option.
      17855 TULLYMORE Lane, Leo, IN 46805
      View Details
    • $560,000

      Residential Land on Cedar Creek

      10 acres of residential build sites on Cedar Creek.
      TBD Valley Drive, Leo, IN 46765
      View Details
    • $159,900

      Residential Land in Makarios Place

      Pond-oriented homesite in Leo-Cedarville corridor near Fort Wayne.
      10802 Conrad Creek Court, Leo, IN 46765
      View Details
    • $134,900

      Residential Land in Makarios Place

      0.33 acre pond lot in desirable Makarios Place subdivision.
      15535 Makarios Pass, Leo, IN 46765
      View Details
    • $131,150

      Residential Land in Makarios Place

      0.31 acre lot in desirable Makarios Place subdivision.
      15354 Makarios Pass, Leo, IN 46765
      View Details
    • $149,900

      Residential Land in Makarios Place

      Pond lot in desirable subdivision with amenities and convenient location.
      15373 Makarios Pass, Leo, IN 46765
      View Details
    • $56,900

      Residential Land in Tullymore Run

      Villa lot in an exclusive Fort Wayne community.
      17888 TULLYMORE Lane, Leo, IN 46805
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with scenic Cedar Creek frontage in Leo, Indiana.
    Where is this residential land & home lot located?
    The property is located at TBD Valley Drive Leo, IN.
    What is the asking price?
    The asking price for this property is $768,000.
    What are key features of this property?
    This property features: 10 acres of residential build sites on Cedar Creek, offered in 2 or 3 tracts.; Located on a protected scenic recreational waterway.; Unmatched privacy within a tree‑covered creek valley.
    (260) 403-2594
    We can help!
    Listing Contact
    Troy Wieland
    Troy Wieland
    Real Estate License ID: RB14038587
    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

    Thank You for Inquiry
    TBD Valley Drive, Leo, IN 46765
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!