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    1948 Northgate Ct Battle Ground, IN 47920

    • Land
    • 1.34 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1948 Northgate Ct

    Lot size
    1.34 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering encompasses two parcels totaling 3.09 acres (1.34 to 1.75 acres per parcel) in Battle Ground, Indiana, conveniently located at 1948 and 1976 Northgate Court, zip code 47920, within Tippecanoe County. The property boasts a highly desirable location, less than a mile from the intersection of I-65 and State Road 43, ensuring excellent accessibility and high traffic volume. Its strategic placement amidst nationally recognized retailers such as Starbucks, Taco Bell, McDonald's, and Wendy's guarantees significant visibility and potential for strong customer traffic. The site is zoned AG and features on-site utilities. This prime location offers unparalleled convenience, situated just seven miles from Downtown Lafayette. The Lafayette Metropolitan Statistical Area (MSA) is known for its robust economy and has been recognized for two consecutive years as the nation's top metro area for career opportunities, indicating a strong and growing market. While gas is restricted on the property, the significant advantages of location, visibility, and access to a thriving market make this a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Battle Ground
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.871
    Latitude
    40.5004

    Comparable in this City

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      4.93 Acres

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      5,040 SF

      Main St

      COMMERCIAL (GENERAL) • 5,040 SF
      Main St, Battle Ground, IN 47920
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    • Value Estimation by Request
      2.79 Acres

      1890 Northgate Ct

      VACANT COMMERCIAL LAND • 2.79 Acres
      1890 Northgate Ct, Battle Ground, IN 47920
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    • Value Estimation by Request
      3.04 Acres

      43rd N 43rd Nn

      VACANT COMMERCIAL LAND • 3.04 Acres
      43rd N 43rd Nn, Battle Ground, IN 47920
      View Details
    • Value Estimation by Request
      6,336 SF

      101 Nn St

      COMMERCIAL (GENERAL) • 6,336 SF
      101 Nn St, Battle Ground, IN 47920
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    • Value Estimation by Request
      9,224 SF

      100 1250th S

      COMMERCIAL (GENERAL) • 9,224 SF
      100 1250th S, Battle Ground, IN 47920-8023
      View Details

    Similar Nearby for Sale

    • $499,000
      4.93 Acres

      Battle Ground Commercial Land

      High-Visibility 4.93-Acre Lot
      0 Sr 43, Battle Ground, IN 47920
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    • Contact for pricing
      1.34 Acres

      Battle Ground Commercial Land

      3.09 Acres, High Visibility, I-65 Access
      1948 Northgate Ct, Battle Ground, IN 47920
      View Details
    • $219,900
      8.01 Acres

      Vacant Land with Building Potential

      8 acres of vacant land ready for development.
      8850 N 275 E, Battle Ground, IN 47920
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    • New
      $80,000
      Pending

      Residential Land in Battle Ground

      2+ acre residential land opportunity in Tippecanoe County.
      7425 N 300 E, Battle Ground, IN 47920
      View Details
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    1948 Northgate Ct
    Battle Ground, IN 47920
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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
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