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    Vacant Farmland and Wooded Tracts Title is generated by Realmo AI

    TBD 125 S, Cromwell, IN 46732

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    Vacant Land - Cromwell, IN

    Lot size:
    81.55 Acres
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 6:06 am

    Property Features for TBD 125 S

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    81.55 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Bailey

    Listing agent Gary Bailey

    Listing office Schrader Real Estate and Auction Company, Inc. PO Box 508, Columbia City, IN

    Listing date May 29, 2026

    MLS# 11797690 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 80.55+/- acres total in Noble County, Indiana, with 57+/- tillable productive farmland acres plus 19.43+/- acres of woods
    • Tract 1 offers 57+/- tillable acres and potential building site with frontage on SR 5 (1,786'+/-) and CR 125 S (1,553'+/-)
    • Tract 1 cash rent credit at closing: $150 per acre for 57+/- acres, totaling $8,550
    • Tract 2 is 19.4+/- acres and all wooded, with approx. 428'+/- of road frontage on CR 125 S
    • Tract 2 adjoins the Tri‑County Fish & Wildlife Area on the east property line and is adjacent across CR 125 S to the north
    • Bid on either tract separately or buy the entire property (Tract 1 + Tract 2)

    Overview

    This offering consists of vacant land totaling approximately 80.55+/- acres in Noble County, Indiana, split into two tracts. Tract 1 includes 62.1+/- acres with 57+/- acres of tillable, productive farmland and frontage on both SR 5 and CR 125 S, along with a stated potential building site. Tract 2 totals 19.4+/- acres and is fully wooded, marketed for hunting and recreation with a stated potential building site.

    The wooded tract adjoins the Tri-County Fish & Wildlife Area along the east property line and is adjacent to the Tri-County on the north side across CR 125 S. Road frontage is approximately 1,786'+/- on SR 5 and 1,553'+/- on CR 125 S for Tract 1, with approximately 428'+/- of road frontage on CR 125 S for Tract 2.

    The property may suit buyers seeking a farmland holding with established tillable acres, as well as those interested in owning contiguous wooded ground suitable for hunting. The seller states the buyer of the tillable land will receive a credit at closing related to cash rent for 57+/- acres, and the tract descriptions indicate flexibility to bid on either tract or purchase the entire property.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Cromwell
    County
    Noble
    State
    Indiana
    Longitude
    -85.64086
    Latitude
    41.333557

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Productive tillable acreage with adjoining woods offers flexible options for agricultural use and potential building sites.
    Where is this agricultural land / farmland located?
    The property is located at TBD 125 S Cromwell, IN.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 80.55+/- acres total in Noble County, Indiana, with 57+/- tillable productive farmland acres plus 19.43+/- acres of woods; Tract 1 offers 57+/- tillable acres and potential building site with frontage on SR 5 (1,786'+/-) and CR 125 S (1,553'+/-); Tract 1 cash rent credit at closing: $150 per acre for 57+/- acres, totaling $8,550
    (260) 417-4838
    We can help!
    Listing Contact
    Gary Bailey
    Learn More
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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.

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