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    Mini-Farm with Pond and Barn Title is generated by Realmo AI

    9110 S Honey Creek Road, Hardinsburg, IN 47125

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    For Sale
    $362,500

    17-acre mini-farm featuring a stocked pond and horse barn.

    Type:Farm
    Property size:
    1,903 SF
    Lot size:
    17.00 Acres
    Price / SF:
    $190/SF
    Added:
    Apr 3, 2023
    Days on Market:
    1136
    Last Refresh:
    Apr 1 at 9:12 pm

    Property Features for 9110 S Honey Creek Road

    General Information

    Standard status
    Active
    Size
    1,903 SF
    Lot size
    17.00 Acres
    Property subtype
    Farm

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Kristi Johnson

    Listing agent Kristi Johnson

    Listing office Keller Williams Realty Consultants

    Listing date Apr 3, 2023

    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 Keller Williams Realty Consultants

    HighLights

    • 17‑acre mini‑farm featuring a stocked pond with Channel catfish, Bluegill, Small Mouth bass, and Crappie.
    • 7‑stall horse barn equipped with water, electric, hay storage (500+ bales), tack room, and outdoor riding arena.
    • New HVAC (Heat Pump) and Vinyl Plank Siding installed in 2018, metal roof, plus a 1‑year home warranty.
    • Landscaped with perennials, shrubs, trees, Japanese garden, Koi pond with waterfalls, and fruit trees (Peaches, Plums, Apples, and Pears).
    • Large decks ideal for entertaining or relaxing with scenic views.
    • General store type shed with loft and electric.

    Overview

    This 17-acre mini-farm offers abundant wildlife, green pastures, and views of the sunset. The property includes a large pond stocked with Channel catfish, Bluegill, Small Mouth bass, and Crappie. The landscape features a variety of perennials, shrubs, and trees on a secluded wooded lot, along with a Japanese garden and Koi pond with two waterfalls. Fruit trees, including peaches, plums, apples, and pears, are located next to the barn. A general store-type shed with a loft and electric is also present. The property features a seven-stall horse barn equipped with water and electric, a storage area for over 500 bales of hay, and a tack room. An outdoor riding arena is available. The home has a metal roof and new vinyl plank siding installed in 2018. A new HVAC, heat pump, heating and cooling system was installed in 2018. Large decks surround the front of the home. The property comes with a 1-year home warranty. The house size is 1903 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Building Supply Storage Facility Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hardinsburg
    County
    Washington
    State
    Indiana
    Longitude
    -86.29762
    Latitude
    38.469044

    Nearby Similar for Sale

    • $225,000
      1,280 SF

      Well-Maintained Horse Farm with Barn

      Horse farm with barn, paddocks, and a single-wide home.
      988 E Us Highway 150, Hardinsburg, IN 47125
      View Details
    • $180,000
      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?
    Farm - 17-acre mini-farm featuring a stocked pond and horse barn.
    Where is this farm located?
    The property is located at 9110 S Honey Creek Road Hardinsburg, IN.
    What is the asking price?
    The asking price for this property is $362,500.
    What are key features of this property?
    This property features: 17‑acre mini‑farm featuring a stocked pond with Channel catfish, Bluegill, Small Mouth bass, and Crappie.; 7‑stall horse barn equipped with water, electric, hay storage (500+ bales), tack room, and outdoor riding arena.; New HVAC (Heat Pump) and Vinyl Plank Siding installed in 2018, metal roof, plus a 1‑year home warranty.
    (812) 944-7024
    We can help!
    Listing Contact
    Kristi Johnson
    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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    9110 S Honey Creek Road, Hardinsburg, IN 47125
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