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

    6312 Highway 64 NE Georgetown, IN 47122

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

    Farm with horse barn, pole barn, and development potential.

    Property size:
    3,278 SF
    Lot size:
    8.23 Acres

    Property Features for 6312 Highway 64 NE

    General Information

    Standard status
    Active
    Size
    3,278 SF
    Lot size
    8.23 Acres
    Exterior features
    Shingle, Porch, Covered, Agri/ Residential, Outbuildings., 2 Garage Spaces., Wood, Vinyl, Log, Frame, Scenic, Garden, Barn.
    Interior features
    Ceiling Fan(s), 3, Foyer, Pantry

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Patty Rojan
    Source: Xome

    Listing Agency: Lopp Real Estate Brokers Listing Agent: Patty Rojan

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

    Learn more

    Overview

    Secluded Farm with Development Potential

    Located near the Floyd/Harrison county line, this property offers seclusion and views with over 400 feet of road frontage. Situated near the upcoming Peter Schickel Way, the site presents potential for development. Alternatively, it could serve as a mini-farm. The property includes a nine-stall horse barn with a tack room, along with a 36x70 pole barn equipped with electric, a concrete floor, and plumbing for a bath. Approximately 5 to 6 acres are fenced for animals. A pond is present between the house and barn. The 3,278 square foot home features exposed log walls, exposed beam ceilings, and large rooms. Each of the three bedrooms includes a full bath and a large closet. The main level has a half bath with a new floor. The full basement offers potential for additional finished living space. A wrap-around porch allows for sunset views. The property is being sold AS IS and is located in the Lanesville School District.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Hair Salon Hotel & Motel Furniture & Home Goods Bed & Breakfast Cosmetic Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Floyd
    State
    Indiana
    Longitude
    -86.0084014
    Latitude
    38.2996887

    Nearby Similar for Sale

    • $499,000
      1.41 Acres

      Georgetown Commercial Corner Lot

      High-visibility I-64 corner lot, great growth potential.
      991 Knable Rd, Georgetown, IN 47122
      View Details
    • Contact for pricing
      3,343 SF

      Floyd County Land and Home

      36-acre property with home, barns, and multiple tracts.
      9400 Cooks Mill Rd, Georgetown, IN 47122
      View Details
    • Contact for pricing
      1,639 SF

      Georgetown Home with Acreage & Barn

      Two-bedroom home on five acres with detached garage and pole barn.
      6875 Wolfe Rd NE, Georgetown, IN 47122
      View Details
    • Contact for pricing
      1,408 SF

      25-Acre Farm Offered in Tracts

      25-acre farm with home offered in 4 tracts.
      3619 Kepley Rd, Georgetown, IN 47122
      View Details
    • $725,000
      0.79 Acres

      Georgetown Business Opportunity: High Traffic Location

      Versatile Commercial Building, High Traffic Count
      8368 State Road 64, Georgetown, IN 47122
      View Details
    • $500,000
      6.41 Acres

      High-Visibility Georgetown Commercial Land

      I-64 Frontage, 6.41 Acres, High Traffic
      Knable Rd, Georgetown, IN 47122
      View Details
    • $500,000
      992 SF

      Georgetown Commercial Development Site

      Prime location, high growth potential.
      110 Carolyn Ave, Georgetown, IN 47122
      View Details
    • Contact for pricing
      1.53 Acres

      Georgetown Industrial Property - 4200 sqft

      Spacious industrial building, ideal for various uses.
      521 Maplewood Blvd, Georgetown, IN 47122
      View Details
    • $299,900
      0.25 Acres

      Georgetown Ice Cream Shop For Sale

      Turnkey Ice Cream Business, High Traffic Area
      9280 State Road 64, Georgetown, IN 47122
      View Details
    • Contact for pricing

      Georgetown Business Opportunity

      Prime 3,000 sq ft space, flexible layout.
      1090 Copperfield Dr, Georgetown, IN 47122
      View Details
    • $235,000
      2,194 SF

      9765 Old Lanesville Road, Georgetown, IN 47122

      Farms • 2,194 SF
      9765 Old Lanesville Rd, Georgetown, IN 47122
      View Details
    • $285,000
      738 SF

      Georgetown Commercial Development Site

      Prime location, high growth potential.
      112 Carolyn Ave, Georgetown, IN 47122
      View Details

    FAQs

    What type of property is this?
    Farm - Farm with horse barn, pole barn, and development potential.
    Where is this farm located?
    The property is located at 6312 Highway 64 NE Georgetown, IN.
    What are key features of this property?
    This property features: - Over 400' of road frontage and potential for development near Peter Schickel Way; - 9-stall horse barn with tack room and approximately 5-6 acres fenced for animals; - 3 bedrooms, each with a full bath and large closet
    (812) 728-8181
    Request Owner's contact information
    6312 Highway 64 NE Georgetown, IN 47122
    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.
    6312 Highway 64 NE
    Georgetown, IN 47122
    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
    6312 Highway 64 NE Georgetown, IN 47122
    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
    Patty Rojan
    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!