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    6125 Highway 135 SW Corydon, IN 47112

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    232+ acres in 10 tracts with income-producing potential.

    Lot size:
    10.09 Acres

    Property Features for 6125 Highway 135 SW

    General Information

    Standard status
    Active
    Lot size
    10.09 Acres
    Exterior features
    Agri/ Residential, Outbuildings., Barn, Grain Storage.
    Interior features
    3

    Building Details

    Year built
    1968

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    Listing Contact
    Brian Beckort
    Source: Xome

    Listing Agency: Beckort Auctions, LLC Listing Agent: Brian Beckort

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

    Learn more

    Overview

    Versatile Acreage with Multiple Improvements

    This property features over 232 acres offered in 10 tracts, conveniently located off IN-135 and Harrison Heth Roads, midway between Corydon and Brandenburg, KY. The acreage includes income-producing tillable land, potential building sites suitable for commercial or residential use, wooded areas, recreational land, and pasture/hay land, with multiple ponds. Tract #3 includes 10.09 acres and improvements, with approximately 1170 feet of frontage on IN-135 and approximately 394 feet of frontage on Harrison Heth Rd, situated on a corner lot with gravel driveway access from both roads. It adjoins Tracts #4 and #9. Improvements include a large steel truss shop measuring 94x120 feet with a concrete floor, overhead doors, an office, and partial insulation; a metal-sided barn measuring 50x65 feet; a hand-hewn metal-sided barn measuring 36x80 feet; a concrete block storage building measuring 30x60 feet; two 24x30-foot Quonset Hut style structures; a large covered cylinder tank storage structure; an older mobile home with a roof structure in poor, non-livable condition; one 8000-bushel grain bin; one 3500-bushel grain bin; and two bulk bins. The large antenna is not included. This tract will be split from a larger tax parcel.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Car Rental Facility Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Corydon
    County
    Harrison
    State
    Indiana
    Longitude
    -86.1573687
    Latitude
    38.1128749

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    FAQs

    What type of property is this?
    Farm - 232+ acres in 10 tracts with income-producing potential.
    Where is this farm located?
    The property is located at 6125 Highway 135 SW Corydon, IN.
    What is the asking price?
    The asking price for this property is $1.00.
    What are key features of this property?
    This property features: - Large steel truss shop (94’x120’) with concrete floor, overhead doors, office, and partial insulation.; - 10.09 +/- acres with **excellent accessibility** from 1170’ +/- frontage on IN-135 and 394’ +/- on Harrison Heth Rd.; - Multiple outbuildings including metal sided barns, concrete block storage, Quonset huts, and grain bins.
    (812) 596-4839
    Request Owner's contact information
    6125 Highway 135 SW Corydon, IN 47112
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    Corydon, IN 47112
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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
    6125 Highway 135 SW Corydon, IN 47112
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    Listing Contact
    Brian Beckort
    Real Estate License ID: RB14035061
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