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    1196 Hoot Rd Spencer, IN 47460

    For Sale
    $385,000

    51.32 acres in Owen County, Indiana with income potential.

    Lot size:
    51.30 Acres

    Property Features for 1196 Hoot Rd

    General Information

    Lot size
    51.30 Acres

    Source: Hageman Realty Residential Agent Hageman Realty Residential

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

    Overview

    Owen County Land For Sale

    This 51.32-acre property is located in Owen County, Indiana. It features 14.91 acres of tillable ground currently rented to a local farmer, providing income. The remaining 36.4 acres consist of rolling timber with natural draws and cuts suitable for stand placement. The property is secluded and private, yet located less than 15 minutes from Spencer. It also has building sites.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.889506
    Latitude
    39.268524

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    FAQs

    What type of property is this?
    Farm - 51.32 acres in Owen County, Indiana with income potential.
    Where is this farm located?
    The property is located at 1196 Hoot Rd Spencer, IN.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: - Income-producing: 14.91 acres of tillable land currently rented to a local farmer.; - Excellent hunting: 36.4 acres of rolling timber with natural draws and cuts ideal for stand placement.; - Secluded and private: Offers a sense of peace and quiet.
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    Realmo Value Estimation

    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.

    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.

    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
    1196 Hoot Rd Spencer, IN 47460
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