Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    1.5 Acres Zoned C-3 Land Title is generated by Realmo AI

    932 W Brookwood, New Haven, IN 46774

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

    1.5 acres of land suitable for multi-family or commercial development.

    Type:Land
    Property size:
    1 SF
    Price / SF:
    $150,000/SF
    Added:
    Nov 21, 2025
    Days on Market:
    189
    Last Refresh:
    May 9 at 12:30 am

    Property Features for 932 W Brookwood

    General Information

    Standard status
    Active
    Size
    1 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Troy Reimschisel
    Troy Reimschisel

    Listing agent Troy Reimschisel License #IN #RB14027532

    Listing office SVN | Parke Group Fort Wayne

    Listing date Nov 21, 2025

    Source Svn

    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 SVN | Parke Group Fort Wayne

    HighLights

    • Approximately 1.5 acres of land zoned C‑3.
    • Perfect opportunity for multi‑family or town home development.
    • Ideal location for an office or retail user.
    • Located next to the New Haven Community Center with outdoor plaza, playground, and splash pad.
    • Walking distance to grocery and restaurants.
    • Prime location.

    Overview

    This property features approximately 1.5 acres of land zoned C-3, presenting an opportunity for multi-family or town home development. It is also suitable as a location for an office or retail user. The property is located next to the New Haven Community Center, which includes an outdoor plaza, playground, and splash pad. It is within walking distance of a grocery store and restaurants. The zoning allows for multiple possible uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    Allen
    State
    Indiana
    Longitude
    -85.0432
    Latitude
    41.0688

    Nearby Similar for Sale

    • $255,000
      1,325 SF

      Mixed-Use Property with Commercial Potential

      Mixed-use property featuring residential and commercial spaces with versatile potential.
      207 W Lincoln Highway, New Haven, IN 46774
      View Details
    • $154,400

      Mixed-Use Property in New Haven

      Mixed-use property with retail front and residential space.
      622 Broadway Street, New Haven, IN 46774-1406
      View Details
    • $3,500,000

      Commercial Site Near I-469

      Commercial land near I-469 in New Haven, Indiana.
      2523 Minnich Road, New Haven, IN 46774
      View Details
    • $185,000

      Land for Sale in New Haven

      10-acre land parcel with wooded and open areas.
      9567 N River Road Road, New Haven, IN 46774
      View Details
    • $565,000

      Commercial Land with High Exposure

      High-exposure commercial land in a growing area with high traffic.
      12020 E US-30 Road, New Haven, IN 46774
      View Details
    • $157,050

      New Haven Agricultural Land Parcel

      4.5 acre building site near I-469 in New Haven.
      5230 Green Road, New Haven, IN 46774
      View Details
    • $3,000,000

      100-Acre Industrial Zoned Land

      100-acre industrial land in New Haven/Woodburn area.
      17831 US 24, New Haven, IN 46797
      View Details
    • $3,500,000
      2,106,126 SF

      Commercial Site Near I-469

      Commercial land available near I-469 in New Haven, Indiana.
      2523 Minnich Road, New Haven, IN 46774
      View Details
    • Contact for pricing

      New Haven Industrial Land Available

      Up to 260 acres available for sale or lease.
      14711 Dawkins Road, New Haven, IN 46774
      View Details
    • $2,200,000

      Webster Road Land Opportunity

      Land available on Webster Road, New Haven.
      2426 Webster Road, New Haven, IN, 46774
      View Details
    • $15
      79,422 SF

      Neighborhood Shopping Center Outlots Available

      Neighborhood shopping center with outlots, ideal for retailers.
      1302 Minnich Road, New Haven, IN 46774
      View Details
    • $565,000

      Land on US-30

      Land for sale in fast growing New Haven, Indiana.
      12020 US-30 E, New Haven, IN 46774
      View Details

    FAQs

    What type of property is this?
    Land - 1.5 acres of land suitable for multi-family or commercial development.
    Where is this land located?
    The property is located at 932 W Brookwood New Haven, 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: Approximately 1.5 acres of land zoned C‑3.; Perfect opportunity for multi‑family or town home development.; Ideal location for an office or retail user.
    (260) 615-8874
    We can help!
    Listing Contact
    Troy Reimschisel
    Troy Reimschisel
    Real Estate License ID: IN #RB14027532
    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
    932 W Brookwood, New Haven, IN 46774
    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!