Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Charming Home with Income Potential Title is generated by Realmo AI

    11311 W Short Road, Deputy, IN 47230

    View on Map
    Claim this Listing
    For Sale
    $425,000

    Exceptional residence on 3.5 acres with lake and income potential.

    Type:Farm
    Property size:
    1,836 SF
    Lot size:
    3.50 Acres
    Price / SF:
    $231/SF
    Added:
    May 18, 2026
    Days on Market:
    17
    Last Refresh:
    May 28 at 10:20 pm

    Property Features for 11311 W Short Road

    General Information

    Standard status
    Active
    Size
    1,836 SF
    Lot size
    3.50 Acres
    Property subtype
    Farm

    Building Details

    Year Built
    2018

    We can help!

    Listing Contact
    William Andes

    Listing agent William Andes

    Listing office eXp Realty, LLC

    Listing date May 18, 2026

    Source Xome

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

    All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC

    HighLights

    • 5+/- acre property with a 1/4 acre lake, offering privacy and recreational opportunities.
    • 4 bedroom, 2.5 bathroom home with an open‑concept floor plan and abundant natural light.
    • Conveniently located 40 minutes from Louisville and 90 minutes from Indianapolis.
    • Features a wood‑burning fireplace and a backyard fire pit for relaxation and entertainment.
    • Built in 2018 with modern amenities including central air, dishwasher, washer, dryer, range, refrigerator, and oven.
    • Includes a stone fence, covered porch and patio, and attached 2‑car garage.

    Overview

    Located on W Short Road, this property features a two-story home situated on approximately 3.5 acres. The property includes a quarter-acre lake and an open field layout, offering income potential. The residence has four bedrooms and 2.5 bathrooms, with an open-concept floor plan that integrates the kitchen, dining, and living areas. The living room features large windows and a wood-burning fireplace. A fire pit is located in the backyard. The property's pond is suitable for fishing and relaxation. The location is approximately 40 minutes from Louisville and 90 minutes from Indianapolis, near Hardy Lake State Park and historic downtown Madison along the Ohio River. The property offers privacy and recreational opportunities.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Deputy
    County
    Jefferson
    State
    Indiana
    Longitude
    -85.601739
    Latitude
    38.844835

    Nearby Similar for Sale

    • $799,000
      2,444 SF

      90-Acre Farmhouse with Outbuildings

      Spacious farmhouse on 90 acres with barns and creek.
      4536 N Richard Cart Road, Deputy, IN 47230
      View Details
    • $119,900
      5,837 SF

      Versatile Mixed-Use Property For Sale

      Mixed-use property suitable for retail, office, or light industrial.
      14190-14196 W Main Street, Deputy, IN 47230
      View Details
    • $210,000
      1,240 SF

      Home on 15 Acres

      3-bedroom home on 15 acres with hardwood floors.
      10411 W 500 N, Deputy, IN 47230
      View Details
    • $25,000

      Commercial Property on Hwy 3

      Commercial property with road frontage, formerly a gas/service station.
      3930 N State Road 3, Deputy, IN 47230
      View Details

    FAQs

    What type of property is this?
    Farm - Exceptional residence on 3.5 acres with lake and income potential.
    Where is this farm located?
    The property is located at 11311 W Short Road Deputy, IN.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 5+/- acre property with a 1/4 acre lake, offering privacy and recreational opportunities.; **4 bedroom, 2.5 bathroom home with an open‑concept floor plan and abundant natural light.**; Conveniently located 40 minutes from Louisville and 90 minutes from Indianapolis.
    (888) 611-3912
    We can help!
    Listing Contact
    William Andes
    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
    11311 W Short Road, Deputy, IN 47230
    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!