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

    1733 S Co Rd 880 W Frankfort, IN 46041

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    28 acres of land ideal for industrial development.

    Type:LAND
    Lot size:
    27.81 Acres
    Added:
    Jan 30, 2024
    Days on Market:
    821
    Last Refresh:
    Apr 5 at 10:28 pm

    Property Features for 1733 S Co Rd 880 W

    General Information

    Standard status
    Active
    Lot size
    27.81 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Michael Horrigan
    Michael Horrigan

    Listing agent Michael Horrigan License #RB18001244

    Listing office Bradley Company - Corporate

    Listing date Jan 30, 2024

    Source Moodyscre

    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 Bradley Company - Corporate

    Overview

    Prime Development Land I-65N

    This property features approximately 28 acres of development ground situated along I-65N, presenting an opportunity for industrial development. The site benefits from quick access to I-65 via SR-28. Utilities are available at the site. The topography is flat, offering good access. Located in Clinton County, the municipality is open to various development types.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Hotel & Motel Department Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Clinton
    State
    Indiana
    Longitude
    -86.671
    Latitude
    40.2629

    Nearby Similar for Sale

    • $1,100,000

      Turnkey Event Venue on 8 Acres

      High-capacity event venue near Lafayette and Indianapolis.
      3548 W County Road 500 N Road, Frankfort, IN 46041
      View Details
    • $500,000
      2,700 SF

      Corner Lot Commercial Property

      Adaptable commercial space in Frankfort's thriving business district.
      359 N Jackson Street, Frankfort, IN 46041
      View Details
    • $5
      6,000 SF

      Frankfort Mixed-Use Building For Sale

      6,000 SF mixed-use building in Frankfort's Historic District.
      408 E. Washington St., Frankfort, IN 46041
      View Details
    • $15

      Frankfort Retail Center For Sale

      High-visibility retail center with established tenants in Frankfort, Indiana.
      2472-2488 E. Wabash St., Frankfort, IN 46041
      View Details
    • $200,000
      1,288 SF

      Automotive Building in Frankfort, IN

      Free-standing automotive building with ample parking in Frankfort, Indiana.
      452 N. Main St., Frankfort, IN 46041
      View Details
    • $2,352,000
      12,500 SF

      Retail Property in Frankfort, Indiana

      Retail space available for sale in Frankfort, Indiana.
      1950 E Walnut St, Frankfort, IN 46041
      View Details
    • $1,100,000
      5,600 SF

      Turnkey Event Venue on 8 Acres

      High-capacity event venue with strong infrastructure and immediate usability.
      3548 W County Rd 500 N, Frankfort, IN 46041
      View Details
    • $975,000
      3,412 SF

      Turnkey Car Wash Business Opportunity

      Established car wash in Frankfort, IN with multiple revenue streams.
      1600 Washington Ave, Frankfort, IN 46041
      View Details
    • $200,000
      1,288 SF

      Free-Standing Automotive Building For Sale

      1,288 SF automotive building in the heart of Frankfort, IN.
      452 N Main St, Frankfort, IN
      View Details
    • Contact for pricing

      NNN Property in Frankfort

      NNN property in high-traffic Frankfort location with strong demographics.
      201 S Jackson St, Frankfort, IN 46041
      View Details
    • $349,900
      6,017 SF

      Versatile Building in Historical District

      Adaptable building near Downtown Frankfort with potential for various uses.
      408 E Washington St, Frankfort, IN
      View Details
    • Contact for pricing

      Commercial Land Outlot Opportunity

      Outlot opportunity on main corridor near established retailers.
      2401 E Wabash St, Frankfort, IN
      View Details

    FAQs

    What type of property is this?
    Land - 28 acres of land ideal for industrial development.
    Where is this land located?
    The property is located at 1733 S Co Rd 880 W Frankfort, IN.
    What is the asking price?
    The asking price for this property is $1,360,000.
    What are key features of this property?
    This property features: ± 28 acres of prime development ground along I‑65N; Excellent opportunity for industrial development; Quick access to I‑65 via SR‑28
    (317) 439-3452 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Horrigan
    Michael Horrigan
    Real Estate License ID: RB18001244
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!