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    Brick Home on 60 Acres Title is generated by Realmo AI

    4667 W Buffalo Bottoms Road, Campbellsburg, IN 47108

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    For Sale
    $749,900

    2012 brick home with barns, ponds, and acreage.

    Type:Farm
    Property size:
    1,724 SF
    Lot size:
    60.00 Acres
    Price / SF:
    $434/SF
    Added:
    Feb 12, 2024
    Days on Market:
    820
    Last Refresh:
    Apr 1 at 9:11 pm

    Property Features for 4667 W Buffalo Bottoms Road

    General Information

    Standard status
    Active
    Size
    1,724 SF
    Lot size
    60.00 Acres
    Property subtype
    Farm

    Building Details

    Year Built
    2012

    We can help!

    Listing Contact
    Debbie Curtis
    Debbie Curtis

    Listing agent Debbie Curtis License #RB14032127

    Listing office Mainstreet REALTORS

    Listing date Feb 12, 2024

    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 Mainstreet REALTORS

    HighLights

    • 60 Acres of land featuring 3 ponds, creek, marketable timber, partially fenced, 12 acres of pasture, and wooded areas.
    • 2012 All Brick home with full basement and new 50‑year roof.
    • Two large pole barns (40x60 with electric and water, and 32x48 wired for electric).
    • Maple hardwood floors, stainless steel appliances, walk‑in pantry, and large kitchen island.
    • Enjoy panoramic views from the covered back patio and front porch.
    • Second home on property (needs TLC) with 4 seasons room.

    Overview

    This property features a 2012 all-brick home with a full basement, three bedrooms, and two bathrooms, situated on 60 acres. A new 50-year roof has been installed. The grounds include a 40 x 60 pole barn with both electric and water, and a 32 x 48 pole barn wired for electric. There are three ponds, a creek, some marketable timber, and partially fenced land. Twelve acres are pasture, with the remainder wooded. The home has maple hardwood floors throughout, ceramic tile floors in both bathrooms, and stainless appliances in the kitchen, which also features a walk-in pantry and a large island. There is a formal dining room, a vaulted ceiling in the entryway with a cut glass entry door, and a vaulted ceiling in the living room with a gas log fireplace that features a craftsman antique mantel and built-in bookcases. The master bedroom includes a large walk-in closet, and the master bathroom has a tiled stand-up shower and double sinks. A covered back patio and covered front porch offer views. The home is wheelchair accessible. The two-car attached garage has an epoxy floor and pull-down stairs leading to a finishable attic. A second home on the property requires TLC but could be finished for extended family or used as a storage building. It has a four-seasons room with a vaulted wood ceiling and recessed lighting. High-speed internet is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Campbellsburg
    County
    Washington
    State
    Indiana
    Longitude
    -86.17605
    Latitude
    38.75566

    FAQs

    What type of property is this?
    Farm - 2012 brick home with barns, ponds, and acreage.
    Where is this farm located?
    The property is located at 4667 W Buffalo Bottoms Road Campbellsburg, IN.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: 60 Acres of land featuring 3 ponds, creek, marketable timber, partially fenced, 12 acres of pasture, and wooded areas.; **2012 All Brick home with full basement and new 50‑year roof.**; Two large pole barns (40x60 with electric and water, and 32x48 wired for electric).
    (812) 883-9555
    We can help!
    Listing Contact
    Debbie Curtis
    Debbie Curtis
    Real Estate License ID: RB14032127
    Learn More
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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.

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