Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Amanda's Farms Title is generated by Realmo AI

    W 450 S, Hebron, IN 46341

    View on Map
    Claim this Listing
    For Sale
    $150,000

    LAND - Hebron, IN

    Lot size:
    3.70 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    51
    Last Refresh:
    May 22 at 5:06 am

    Property Features for W 450 S

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    640027400012000028
    Lot size
    3.70 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Legal Description: AMANDA'S FARMS SUB LOT 3 3.703A DITCH
    Tax Annual Amount
    248

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Patricia Raffin
    Patricia Raffin

    Listing agent Patricia Raffin License #RB14038965

    Listing office McColly Real Estate 560-4 Indian Boundary Road, Schererville, IN

    Listing date Apr 2, 2026

    MLS# 836451 Listing URL

    Copyright © 2026 Greater Northwest 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.

    HighLights

    • Large 4‑acre parcel - build your dream home here.
    • Conveniently located 20 minutes from downtown Valparaiso.
    • Commutable to Chicago within an hour.
    • Located within the Amanda's Farms Subdivision.
    • Electricity available.
    • Opportunity for a new build.

    Overview

    This property offers the opportunity to build a dream home within Amanda's Farms Subdivision. Each parcel is just shy of 4 acres. The property is located within 20 minutes of downtown Valparaiso and within an hour's commute to Chicago. Porter County building permits are required, and subdivision covenants exist. This property is located in Hebron, Indiana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Big Box & Wholesale Store Hair Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hebron
    County
    Porter
    State
    Indiana
    Longitude
    -87.15108
    Latitude
    41.351592

    Nearby Similar for Sale

    • $199,900

      Hebron Land For Sale

      4.29 acre commercial land with utilities available in Hebron.
      W Wilson Street, Hebron, IN 46341
      View Details
    • $117,000

      Land in Amanda's Farms

      Residential land for building a dream home near Valparaiso.
      W 450 S, Hebron, IN 46341
      View Details
    • $117,000

      Land in Amanda's Farms

      Land parcel near Valparaiso, ideal for building a home.
      W 450 S, Hebron, IN 46341
      View Details
    • $205,000

      Hebron Land Opportunity: 10 Acres

      10 acres of land perfect for building your dream home.
      Approx 865 S 400 W, Hebron, IN 46341
      View Details
    • $386,000

      Hebron, IN Commercial Land

      4-acre commercial lot prime for development at busy intersection.
      1000 S State Road 2, Hebron, IN 46341
      View Details
    • $245,000

      Hebron Land with Wooded Terrain

      10.19 acre lot with wooded terrain and cleared land.
      621 Yellowstone Drive, Hebron, IN 46341
      View Details
    • $30,000

      Residential Lot in Charming Hebron

      In-town lot in Hebron, build your dream home!
      201 N Quincy Street, Hebron, IN 46341
      View Details
    • $30,000

      Residential Lot in Hebron, IN

      Approximately 0.20 acre lot in charming Hebron, Indiana.
      203 N Quincy Street, Hebron, IN 46341
      View Details
    • $30,000

      Residential Lot in Hebron, IN

      In-town lot in Hebron, build your dream home!
      403 S Washington Street, Hebron, IN 46341
      View Details
    • $1,183,000
      3,680,820 SF

      84 Acres of Farmland

      Farmland with development potential near Hebron, Indiana.
      531 South 800 West, Hebron, IN 46341
      View Details
    • $100,000

      Wooded Corner Parcel For Sale

      Wooded corner parcel in Hebron, Indiana, near downtown and schools.
      492-2 W 900 S, Hebron, IN 46341
      View Details
    • Contact for pricing

      Hebron Land Parcels Available

      Land parcels near I-65 and Route 2 in Hebron, IN.
      Colorado, Hebron, IN
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land for dream home in Amanda's Farms Subdivision.
    Where is this residential land & home lot located?
    The property is located at W 450 S Hebron, IN.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Large 4‑acre parcel - build your dream home here.; Conveniently located 20 minutes from downtown Valparaiso.; Commutable to Chicago within an hour.
    (219) 840-3636
    We can help!
    Listing Contact
    Patricia Raffin
    Patricia Raffin
    Real Estate License ID: RB14038965
    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

    Thank You for Inquiry
    W 450 S, Hebron, IN 46341
    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!