Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Wheatfield, Indiana Title is generated by Realmo AI

    11139 Pleasant Grove Drive, Wheatfield, IN 46392

    View on Map
    Claim this Listing
    New
    For Sale
    $55,900

    LAND - Wheatfield, IN

    Lot size:
    1.11 Acres
    Added:
    May 27, 2026
    Days on Market:
    4
    Last Refresh:
    May 30 at 7:06 pm

    Property Features for 11139 Pleasant Grove Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    371632000081000033
    Lot size
    1.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    RUSTLING OAKS ON THE RIDGE PHASE ONE LOT 45
    Tax Annual Amount
    27

    Utilities

    Utilities
    Natural Gas Available
    Water source
    Well

    We can help!

    Listing Contact
    Starla VanSoest
    Starla VanSoest

    Listing agent Starla VanSoest License #RB14044543

    Listing office BHHS Executive Realty 1201 N. Main St, Crown Point, IN

    Listing date May 27, 2026

    MLS# 839641 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 Lots: Offers 1 to 2 acre lots.
    • Convenient Location: Easy access to State Road 10 (1 mile) and I‑65 (8 miles).
    • Located in a beautiful subdivision.
    • Variety of Lot Types: Wooded, cul‑de‑sac, and possible basement lots available.
    • Ready to Build: All soil tests are complete.
    • Natural gas available and well water source.

    Overview

    This property is located within a subdivision in Jasper County, offering lots ranging from 1 acre to 2 acres. The available lots include wooded and cul-de-sac options, with some suitable for basements. Soil tests have been completed. The location provides convenient access to nearby schools and shopping. State Road 10 is located approximately 1 mile to the north, and the intersection of I-65 and State Road 10 is approximately 8 miles away. The property is located in Wheatfield, Indiana.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Spa & Massage Center Big Box & Wholesale Store Nail Salon Gym & Fitness Center Skin Care Clinic Food Market Grocery & Convenience Store Electrical Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheatfield
    County
    Jasper
    State
    Indiana
    Longitude
    -87.127585
    Latitude
    41.175008

    Nearby Similar for Sale

    • $225,000
      2,880 SF

      Equipped Medical Office For Sale

      Turnkey medical office space in a highly visible location.
      165 E Robbins Street, Wheatfield, IN 46392
      View Details
    • $129,000
      5,282 SF

      Downtown Wheatfield Two-Story Brick Building

      Two-story brick building in downtown Wheatfield with taproom layout.
      10 N Bierma St, Wheatfield, IN 46392
      View Details
    • $210,000

      Wheatfield Land Opportunity Awaits

      7.26 acres in Wheatfield, Indiana, perfect for country living.
      County Road 200 E lot: 6, Wheatfield, IN 46392
      View Details
    • $210,000

      Wheatfield, IN Acreage Opportunity

      7.27 acres of land in a serene rural setting.
      County Road 200 E lot: 11, Wheatfield, IN 46392
      View Details
    • $210,000

      Wheatfield Land Opportunity Awaits

      7.26 acres in Wheatfield, Indiana, perfect for country living.
      200 E lot: 5, Wheatfield, IN 46392
      View Details
    • $210,000

      Wheatfield Acreage Opportunity

      7.18 acres of land in a serene rural setting.
      County Road 200 E lot: 12, Wheatfield, IN 46392
      View Details
    • $210,000

      Wheatfield Land Opportunity Awaits

      7.27 acres in Wheatfield, Indiana, perfect for country living.
      County Road 200 E lot: 9, Wheatfield, IN 46392
      View Details
    • $210,000

      Wheatfield Land Opportunity

      7.27 acres of land in a serene rural setting.
      County Road 200 E lot: 10, Wheatfield, IN 46392
      View Details
    • $240,000

      Wheatfield Land Opportunity Awaits

      8.17 acres of land in a serene rural setting.
      County Road 200 E lot: 7, Wheatfield, IN 46392
      View Details
    • $55,900

      Wheatfield Land For Sale

      Residential land in a desirable Wheatfield subdivision.
      11222 Pleasant Grove Drive, Wheatfield, IN 46392
      View Details
    • $59,900

      Wheatfield Land for Residential Development

      Residential land in Wheatfield, Indiana, with lots from 1-2 acres.
      11334 Woodcrest Drive, Wheatfield, IN 46392
      View Details
    • $240,000
      355,885 SF

      Acreage Opportunity in Wheatfield, Indiana

      Land for custom home or hobby farm in rural setting.
      Lot 7 County Road 200 East, Wheatfield, IN 46392
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land for sale in Jasper County, near schools and shopping.
    Where is this residential land & home lot located?
    The property is located at 11139 Pleasant Grove Drive Wheatfield, IN.
    What is the asking price?
    The asking price for this property is $55,900.
    What are key features of this property?
    This property features: Large Lots: Offers 1 to 2 acre lots.; Convenient Location: Easy access to State Road 10 (1 mile) and I‑65 (8 miles).; Located in a beautiful subdivision.
    (219) 405-7746
    We can help!
    Listing Contact
    Starla VanSoest
    Starla VanSoest
    Real Estate License ID: RB14044543
    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
    11139 Pleasant Grove Drive, Wheatfield, IN 46392
    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!