Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hebron Land with Garage Title is generated by Realmo AI

    519 West 650 South, Hebron, IN 46341

    View on Map
    Claim this Listing
    For Sale
    $299,000

    10 acres with garage, new well, and income potential.

    Type:Land / Unimproved Land
    Property size:
    442,570 SF
    Lot size:
    10.00 Acres
    Price / SF:
    $0.68/SF
    Added:
    Dec 5, 2024
    Days on Market:
    546
    Last Refresh:
    Mar 13 at 1:09 pm

    Property Features for 519 West 650 South

    General Information

    Standard status
    Active
    Size
    442,570 SF
    Lot size
    10.00 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    David Harkabus

    Listing agent David Harkabus License #RB14042838

    Listing office Berkshire Hathaway HomeServices Executive Realty

    Listing date Dec 5, 2024

    Source Compass

    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 Berkshire Hathaway HomeServices Executive Realty

    HighLights

    • 10‑acre homesite/farm property with new well and soil borings completed.
    • 1120 sq/ft garage (built in 2000) in great shape with 3 overhead doors, 2 service doors, 12‑foot ceilings, storage above, and concrete floors.
    • 8 acres currently farmed, producing $1300 annual income.
    • Gas and electric available at the property line; garage is wired for power and includes a generator.
    • Zoned rural residential/agricultural.
    • Fenced dog kennel and chicken coop included.

    Overview

    This 10-acre property in Hebron, Indiana, includes a 1,120 square-foot garage built in 2000. The building is in good condition and features three overhead doors, two service doors, 12-foot ceilings, storage above, and concrete floors. A new well has been installed, and new soil borings have been completed. The property is listed as a rural residential/agricultural homesite. Approximately 8 acres are actively farmed, generating an annual income of $1,300. Gas and electric utilities are available to the property line. The garage is wired for power, and a generator is included. Additional features include a fenced dog kennel and a fenced chicken coop. The property is suitable for a homesite or farm. The garage is wired for power and the generator is included.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Hebron
    County
    Porter
    State
    Indiana
    Longitude
    -87.20707
    Latitude
    41.31703

    Nearby Similar for Sale

    • $199,900

      Hebron Land For Sale

      4.29 acre commercial land with utilities available in Hebron.
      W Wilson Street, Hebron, IN 46341
      View Details
    • $425,000

      Brick Quadraplex Investment

      Turn-key quadraplex with four main-level one-bedroom units, individually serviced for utilities and already fully rented.
      206 S Adams Street, Hebron, IN 46341
      View Details
    • $205,000

      Hebron Land Opportunity: 10 Acres

      10 acres of land perfect for building your dream home.
      Approx 865 S 400 W, Hebron, IN 46341
      View Details
    • $117,000

      Land in Amanda's Farms

      Residential land for building a dream home near Valparaiso.
      W 450 S, Hebron, IN 46341
      View Details
    • $150,000

      Land in Amanda's Farms

      Land for dream home in Amanda's Farms Subdivision.
      W 450 S, Hebron, IN 46341
      View Details
    • $117,000

      Land in Amanda's Farms

      Land parcel near Valparaiso, ideal for building a home.
      W 450 S, Hebron, IN 46341
      View Details
    • $245,000

      Hebron Land with Wooded Terrain

      10.19 acre lot with wooded terrain and cleared land.
      621 Yellowstone Drive, Hebron, IN 46341
      View Details
    • $386,000

      Hebron, IN Commercial Land

      4-acre commercial lot prime for development at busy intersection.
      1000 S State Road 2, Hebron, IN 46341
      View Details
    • $30,000

      Residential Lot in Charming Hebron

      In-town lot in Hebron, build your dream home!
      201 N Quincy Street, Hebron, IN 46341
      View Details
    • $30,000

      Residential Lot in Hebron, IN

      Approximately 0.20 acre lot in charming Hebron, Indiana.
      203 N Quincy Street, Hebron, IN 46341
      View Details
    • $30,000

      Residential Lot in Hebron, IN

      In-town lot in Hebron, build your dream home!
      403 S Washington Street, Hebron, IN 46341
      View Details
    • $1,183,000
      3,680,820 SF

      84 Acres of Farmland

      Farmland with development potential near Hebron, Indiana.
      531 South 800 West, Hebron, IN 46341
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 10 acres with garage, new well, and income potential.
    Where is this agricultural land / farmland located?
    The property is located at 519 West 650 South Hebron, IN.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 10‑acre homesite/farm property with new well and soil borings completed.; **1120 sq/ft garage (built in 2000) in great shape with 3 overhead doors, 2 service doors, 12‑foot ceilings, storage above, and concrete floors.**; 8 acres currently farmed, producing $1300 annual income.
    (219) 313-1669
    We can help!
    Listing Contact
    David Harkabus
    Real Estate License ID: RB14042838
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    519 West 650 South, Hebron, IN 46341
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!