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

    Vacant Land 12th Street Jasper, IN 47546

    View on Map
    Claim this Listing
    Picture of Industrial land at Vacant Land 12th Street, Jasper, IN
    Pending
    Contact for pricing

    Industrial Land - Jasper, IN

    Lot size:
    0.45 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 20 at 7:06 pm

    Property Features for Vacant Land 12th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    19-06-25-303-218.000-002
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Annual Amount
    586.5

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Lukemeyer
    Steve Lukemeyer

    Listing agent Steve Lukemeyer License #RB14036701

    Listing office F.C. TUCKER EMGE 901 NEWTON STREET, Evansville, IN

    Listing date Mar 26, 2026

    MLS# 202610333 Listing URL

    Copyright © 2026 Southwest 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.

    Overview

    Industrial Land in Jasper, Indiana

    This property features five adjacent lots totaling 0.45 acres. It is zoned I-2 for heavy industrial use and is located in Jasper, Indiana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Jasper
    County
    Dubois
    State
    Indiana
    Longitude
    -86.9235838
    Latitude
    38.3958018

    Nearby Similar for Sale

    • $699,900

      Versatile Industrial Building in Jasper

      12,600 SF industrial building with showroom, office, and warehouse.
      2632 Cathy Lane, Jasper, IN 47546
      View Details
    • $328,900

      Tillable Land in Dubois County

      21.93 acres of tillable land in Dubois County, Indiana.
      vacant land E 600 N, Jasper, IN 47546
      View Details
    • $2,100,000

      Versatile Commercial Space in Jasper

      Expansive property ideal for retail, industrial, or warehouse use.
      1224 Mill Street, Jasper, IN 47546
      View Details
    • $45,000

      Residential Land Near Jasper, IN

      0.67-acre residential land parcel near Jasper, Indiana.
      N 200 W, Jasper, IN 47546
      View Details
    • $249,300

      Dubois County Land Opportunity

      13.29 acre residential land near Jasper, Indiana.
      State Road 164, Jasper, IN 47546
      View Details
    • $165,000

      Jasper, IN Commercial Land

      Two acre commercial land parcel available in Jasper, Indiana.
      TBD W 100 South Road, Jasper, IN 47546
      View Details
    • $5,007,803

      Two-Property Grocery Store Portfolio

      Two IGA grocery stores in Illinois and Indiana for sale.
      750 2nd St, Jasper, IN
      View Details
    • $57,000

      Residential Land in Jasper, Indiana

      Two wooded residential building lots totaling approximately 1.32 acres.
      3480 & 3490 St Charles Street, Jasper, IN 47546
      View Details
    • $438,000

      Residential Land Near Jasper's Center

      9.843 acres of residential land close to Jasper's amenities.
      0 Saint Charles Street, Jasper, IN 47546
      View Details
    • $239,000

      Residential Land Near Jasper Amenities

      Residential land in Jasper, close to schools, shopping, and parks.
      0 Saint Charles (Tract 1) Street, Jasper, IN 47546
      View Details
    • $199,000

      Residential Land Near Jasper Amenities

      Nearly 5-acre residential lot in Jasper, Indiana, ready for development.
      0 Saint Charles (Tract 2) Street, Jasper, IN 47546
      View Details
    • Contact for pricing

      Hospitality

      951 Wernsing Rd, Jasper, IN 47546
      View Details

    FAQs

    What type of property is this?
    Industrial land - 0.45 acre of industrial land for sale.
    Where is this industrial land located?
    The property is located at Vacant Land 12th Street Jasper, IN.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Five adjacent lots totaling .45 acre; Zoned I‑2 heavy industrial; Location: [-86.923584,38.3958]
    (812) 639-6340
    We can help!
    Listing Contact
    Steve Lukemeyer
    Steve Lukemeyer
    Real Estate License ID: RB14036701
    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!