Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9428 W Conservation Lake Rd Deputy, IN 47250

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    35 acres with tillable land, woods, and updated mobile home.

    Property size:
    1,292 SF
    Lot size:
    35.23 Acres

    Property Features for 9428 W Conservation Lake Rd

    General Information

    Standard status
    Active
    Size
    1,292 SF
    Lot size
    35.23 Acres
    Exterior features
    Metal, Rock/Stone, Deck, Porch, Covered, Agri/ Residential, Outbuildings. Deck. Lot with Trees., 3 Garage Spaces., Metal, Stone, Barn. Paved Road, Wooded.
    Interior features
    3, Dishwasher, Oven, Range, Refrigerator, Open Floor Plan, Pantry

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Wanda Blair
    Source: Xome

    Listing Agency: Coldwell Banker Harrell & Asso Listing Agent: Wanda Blair

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

    Learn more

    Overview

    35-Acre Farm with Updated Mobile

    This 35.23-acre property features 18 tillable acres, currently rented out to cover taxes and insurance. The land includes wooded areas with established trails suitable for four-wheelers. A newer 40x40x10 three-car pole barn garage offers concrete flooring and 100 amp electric service. An older barn is also present, equipped with electric and stalls, along with a bonus storage shed. The property includes a 1980 16x80 updated mobile home, soon to have a new HVAC system, featuring two bedrooms and two full baths. The master bedroom has a cathedral ceiling with a ceiling fan and a small walk-in closet. The master bath has been completely remodeled with a step-entry shower, handicap height commode, new vanity, broom closet, natural pine floors with a weathered look, and a six-panel wooden pocket door. The second bath also includes a handicap height commode. The mobile home has a split bedroom design with an open living room and kitchen. The kitchen features pine, mahogany-stained cabinets, a breakfast bar, an eat-in area, a new deep double sink with a pull-out faucet, a pantry, and a large double-door stainless refrigerator and stove. The spacious living room includes a new ceiling fan and cathedral ceiling. The property has a 2019 approved septic system designed to accommodate a three-bedroom, two-bath home if desired. A new 200 amp breaker box has been installed. The water heater is 1.5 years old, and the roof and rear 10x74 deck were built in December 2019. All sinks have separate shutoffs, and smoke alarms are hard-wired with battery backup. The property is located on the corner of Co. Rd. 933 and Conservation Lake Road, featuring both wooded areas and wide-open fields.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Grocery & Convenience Store Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Deputy
    County
    Jefferson
    State
    Indiana
    Longitude
    -85.563482
    Latitude
    38.806784

    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 Rd, Deputy, IN 47230
      View Details
    • $119,900
      0.35 Acres

      Deputy, IN Multi-Use Property

      High-Potential Commercial Property, Two Buildings
      14190-14196 Main St, Deputy, IN 47230
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      0.57 Acres

      Prime Deputy, IN Commercial Lot

      High-potential commercial property, .57 acres.
      3930 State Road 3, Deputy, IN 47230
      View Details

    FAQs

    What type of property is this?
    Farm - 35 acres with tillable land, woods, and updated mobile home.
    Where is this farm located?
    The property is located at 9428 W Conservation Lake Rd Deputy, IN.
    What are key features of this property?
    This property features: - 35.23 acres including 18 tillable acres that generate income to cover taxes and insurance.; - Newer 40x40x10, 3-car pole barn garage with concrete and 100 amp electric.; - Updated 16x80 mobile home with new HVAC system (soon), remodeled master bath, and new appliances.
    (812) 265-3000
    Request Owner's contact information
    9428 W Conservation Lake Rd Deputy, IN 47250
    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.
    9428 W Conservation Lake Rd
    Deputy, IN 47250
    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
    9428 W Conservation Lake Rd Deputy, IN 47250
    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

    We can help!
    Listing Contact
    Wanda Blair
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!