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    988 E Us Highway 150 Hardinsburg, IN 47125

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    Horse farm with barn, paddocks, and a single-wide home.

    Property size:
    1,280 SF
    Lot size:
    18.49 Acres

    Property Features for 988 E Us Highway 150

    General Information

    Standard status
    Active
    Size
    1,280 SF
    Lot size
    18.49 Acres
    Exterior features
    Deck, Agri/ Residential, Outbuildings. Deck., 2 Garage Spaces. Carport., Landscaped, Barn.
    Interior features
    3, Dishwasher, Microwave, Oven, Range, Refrigerator, Roman Tub, Skylight

    Building Details

    Year built
    2000

    We can help!

    Listing Contact
    Missie Cambron
    Source: Xome

    Listing Agency: Cambron Realty Listing Agent: Missie Cambron

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

    Learn more

    Overview

    Well-Maintained Horse Farm with Barn

    This horse farm features a well-maintained single wide home with 3 bedrooms and 2 full bathrooms. The property includes a horse barn measuring 100x40, which incorporates a 40x60 barn area, a 40x40 attached indoor arena, and two 20 ft overhangs. The insulated barn has 9 indoor stalls, including a double foaling stall that can be divided into 10 stalls. Concrete floors are present in the wash bay and tack room. A hay loft area is available. The overhangs provide an additional 5 covered run-in stalls. Each stall is equipped with lighting on a timer system. The barn has both electric and city water. All 3 paddocks have water access. An outdoor coral is present. Riding trails, 10-15 ft wide, surround the fence and divide the paddocks. The property is enclosed with 5 ft horse fencing. The outdoor coral is currently used as a dog kennel, featuring 7 kennels with water and electric. There are 5 gated entrances to the fields. The overhead barn door at the end measures 12x10, and the arena sliding door measures 12x12. The wash bay and tack room both measure 9x12. The singlewide home measures 16x80, with a rear sunroom addition of approximately 12x12. The master bath includes a garden tub and separate shower, and the master bedroom has a walk-in closet. A new hot water heater has been installed. A double carport is included. A small orchard area contains peach, apple, cherry, and persimmon trees, along with blackberries and grapes. The seller states that all trees are producing this year. Mainstream internet has been run to the barn. The barn was well-built and thoughtfully designed, offering income potential. The property is located in Hardinsburg, Indiana.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Food Market Grocery & Convenience Store Garden Center Wine and Liquor Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Hardinsburg
    County
    Washington
    State
    Indiana
    Longitude
    -86.26343
    Latitude
    38.45375

    Nearby Similar for Sale

    • Contact for pricing
      980 SF

      43 Acres in Scenic Orange

      Private 43-acre property with barn, pastures, and ponds.
      6652 S County Road 675 E, Hardinsburg, IN 47125
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Horse farm with barn, paddocks, and a single-wide home.
    Where is this horse & equestrian property located?
    The property is located at 988 E Us Highway 150 Hardinsburg, IN.
    What are key features of this property?
    This property features: - Turn-key horse farm with a well-maintained 100x40 insulated barn featuring 9-10 stalls, indoor arena, wash bay, tack room, hay loft, and covered run-in stalls.; - Income potential from the horse barn with features like electric, city water, stall lighting timers, and mainstream internet.; - Well-maintained 3 bed, 2 bath single wide home with sunroom, garden tub, separate shower, and walk-in closet.
    (812) 896-3990
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    988 E Us Highway 150 Hardinsburg, IN 47125
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    Hardinsburg, IN 47125
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    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
    988 E Us Highway 150 Hardinsburg, IN 47125
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