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

    2325 Highway 64 Ramsey, IN 47166

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $125,000

    4.32 Acres, Updated Office Space

    Property Features for 2325 Highway 64

    General Information

    Property type
    Office properties & Spaces
    Lot Size
    188,179 SF

    We can help!

    Listing Contact
    Mary McCoskey Finkle
    Mary McCoskey Finkle

    Listing Agency: Mainstreet Realtors Listing Agent: Mary McCoskey Finkle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 4.32-acre property in Ramsey, Indiana, presents a unique investment opportunity. The main building, a converted 36x60 pole barn, offers versatile commercial or residential potential. Currently configured as an office, it features a reception area, two additional offices, a storage area, and a garage. A half-bath is already installed, with plumbing in place for a future shower. The property boasts significant recent upgrades, including a new HVAC system, electrical, plumbing, and water heater, all installed within the last year. An additional septic system near the front of the property allows for the possibility of constructing a separate residential dwelling. The land is partially wooded, and the driveway has been improved with gravel. The property is currently situated within an uncompleted Planned Unit Development (PUD), and its current use is contingent on the PUD's abandonment. This presents a chance to acquire a substantial property with significant upside potential, once the PUD status is resolved. The building's size and layout offer flexibility for a variety of businesses or residential adaptations. The combination of updated systems, ample land, and the potential for dual-use makes this a compelling investment. The property is located at 2325 Highway 64 NW, Ramsey, IN. Priced at $125,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Storage Facility Bar & Pub Electrical Service Daycare Center Plumbing Service Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Ramsey
    County
    Harrison
    State
    Indiana
    Longitude
    -86.16711
    Latitude
    38.32428

    Nearby Similar for Sale

    • $345,000
      3.62 Acres

      Highway 64 NW Commercial Property

      Ramsey, IN Retail Space - 3.62 Acres
      1466 Highway 64, Ramsey, IN 47166
      View Details
    • $125,000
      9,500 SF

      Highway 64 NW Industrial Building

      Ramsey, IN: 9,500 sq ft industrial space
      1480 Highway 64, Ramsey, IN 47166
      View Details
    • $345,000
      3.62 Acres

      Ramsey, IN Multi-Building Farm Opportunity

      3 Buildings, 3.62 Acres, Endless Potential
      1466 Highway 64, Ramsey, IN 47166
      View Details
    • Contact for pricing

      Prime Ramsey Office Space on Hwy 64

      High-traffic location, versatile office space.
      1345 Highway 64, Ramsey, IN 47166
      View Details
    • $150,000
      0.20 Acres

      Ramsey Industrial Building - Huge Potential

      Solid building, great location, endless possibilities.
      1470 Highway 64, Ramsey, IN 47166
      View Details
    • $255,000
      3.00 Acres

      Ramsey Industrial Property - Huge Potential

      Prime 3-acre industrial lot, multiple buildings, established business.
      2346 Highway 64, Ramsey, IN 47166
      View Details
    • $125,000
      2.90 Acres

      Ramsey Multi-Family Investment Opportunity

      2.9 Acres, Multi-Use Building, High Traffic
      Highway 64, Ramsey, IN 47166
      View Details

    FAQs

    What type of property is this?
    Office property - 4.32 Acres, Updated Office Space
    Where is this office property located?
    The property is located at 2325 Highway 64 Ramsey, IN.
    What is the asking price?
    The asking price for this property is $125,000.
    (812) 620-0212
    Request Owner's contact information
    2325 Highway 64 Ramsey, IN 47166
    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.
    2325 Highway 64
    Ramsey, IN 47166
    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
    2325 Highway 64 Ramsey, IN 47166
    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

    We can help!
    Listing Contact
    Mary McCoskey Finkle
    Mary McCoskey Finkle
    Real Estate License ID: AD51424708
    (812) 620-0212 (812) 883-9555
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!