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

    9045 E Pine Road Common Bloomfield, IN 47424

    View on Map
    Claim this Listing
    New
    For Sale
    $134,900

    Residential Land - Bloomfield, IN

    Lot size:
    6.54 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 25 at 7:06 pm

    Property Features for 9045 E Pine Road Common

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Garage, Pole Barn
    Standard status
    Active
    APN
    28-11-08-000-005.029-010
    Lot size
    6.54 Acres

    Taxes and HOA fees

    Tax Annual Amount
    898.36

    Building Details

    Architectural style
    Other
    Additional Structures
    Barn(s), Garage(s)

    We can help!

    Listing Contact
    Michael Sorrells

    Listing agent Michael Sorrells

    Listing office Great Plains Land Company, LLC 501 N Walker Ave., Oklahoma City, IN

    Listing date Apr 23, 2026

    MLS# 202614877 Listing URL

    Copyright © 2026 Bedford Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bloomfield Land with Pole Barn

    Located in the Clifty Hills Subdivision, this 6.54-acre tract offers a blend of functionality and natural beauty. The property features a flat building site suitable for residential construction, complemented by wooded acreage. A 32x40 pole barn garage, wired with 400 amp power, provides space for vehicle storage, workshop activities, or recreational equipment. Mature timber surrounds the acreage, creating a secluded setting suitable for outdoor activities. The land offers a balance for both residential and recreational use. Situated 15 minutes from Crane and 30 minutes from Bloomington, the property provides access to amenities and employment centers while maintaining a rural environment. This tract is suitable for building a home, a weekend retreat, or investing in land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Bloomfield
    County
    Greene
    State
    Indiana
    Longitude
    -86.8553
    Latitude
    39.0306

    Nearby Similar for Sale

    • $59,900

      Bloomfield Restaurant/Bar Opportunity

      Former pizza restaurant with commercial oven on State Road 54.
      440 E Main Street, Bloomfield, IN 47424
      View Details
    • $575,000

      Bloomfield Land with Cabin and Barn

      Secluded 42.49-acre property with cabin, pond, and pole barn.
      8172 E Ash Road, Bloomfield, IN 47424
      View Details
    • $650,000

      Scenic Land in Bloomfield, Indiana

      100.46 acres of scenic land with open hayfields and woods.
      9507 N Neill Road, Bloomfield, IN 47424
      View Details
    • $78,000

      Bloomfield Residential Land with Woods

      5 wooded acres in Greene County with utilities available.
      8517 E Sylvania Road, Bloomfield, IN 47424
      View Details
    • $155,000

      Bloomfield Residential Land with Utilities

      8-acre residential land with utilities in Bloomfield, Indiana.
      2500 Coal Mine Road, Bloomfield, IN 47424
      View Details
    • $120,000

      Residential Land with Detached Garage

      Residential land with city water and a detached garage.
      1249 N Lawrence Hollow Drive, Bloomfield, IN 47424
      View Details
    • $99,000

      Bloomfield Land with Pond

      5.86 acre property with woods, open ground, and pond.
      8797 E Willow Rd, Bloomfield, IN 47424
      View Details
    • $120,000

      Bloomfield Land in Clifty Hills

      7.69+/- acre property in a tranquil, secluded setting.
      TBD E Willow Rd, Bloomfield, IN 47424
      View Details
    • $96,900

      Bloomfield Residential Land Homesite Potential

      7.33-acre wooded tract ideal for a private homesite.
      Tract 4 E Pine Road Common, Bloomfield, IN 47424
      View Details
    • $27,500

      Bloomfield Land for Residential Development

      1.79 acre residential land in Clifty Hills Subdivision.
      Tract 1 E Pine Road Common, Bloomfield, IN 47424
      View Details
    • $94,900

      Versatile Land in Clifty Hills

      7.17 acres ideal for recreation, homesite, or camping.
      Tract 3 E Pine Road Common, Bloomfield, IN 47424
      View Details
    • $44,900

      Bloomfield Land in Clifty Hills

      2.94 acres in Clifty Hills Subdivision, ideal homesite location.
      Tract 2 E Pine Road Common, Bloomfield, IN 47424
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 6.54 acres in Clifty Hills with 32x40 pole barn.
    Where is this residential land & home lot located?
    The property is located at 9045 E Pine Road Common Bloomfield, IN.
    What is the asking price?
    The asking price for this property is $134,900.
    What are key features of this property?
    This property features: 6.53 acres of Southern Indiana countryside with a desirable flat building site, ideal for building a dream home.; **Features a spacious 32x40 pole barn garage wired with 400 amp power**, suitable for storage, workshop, or recreational use.; Located in Clifty Hills Subdivision, offering privacy and natural beauty with mature timber and opportunities for outdoor activities.
    (812) 508-4714
    We can help!
    Listing Contact
    Michael Sorrells
    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!