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    8110 Co Rd 1400 Westport, IN 47283

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    8110 Co Rd 1400 Westport, IN 47283

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    • Land
    • 21.40 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 8110 Co Rd 1400

    Lot size
    21.40 lot acres
    Property type
    Land

    Description

    This exceptional 21.4-acre property in Decatur County, Indiana, presents a unique investment opportunity. Currently operating as a campground, it features 12 established RV campsites with potential for expansion to 15, a convenient on-site dump station, and ample space for additional recreational facilities. The property boasts a stunning 10-acre lake stocked with bass, crappie, bluegill, and catfish, offering breathtaking waterfront views. Included is a separate 1-acre parcel, also with lake access. The campground is enhanced by shaded areas with mature trees and a secure gated entrance. Its prime location offers easy access to Wyaloosing Golf Course (8 minutes away) and major cities like Columbus, IN (20 minutes), Indianapolis, Cincinnati, and Louisville (approximately 1 hour 15 minutes). This versatile land is ideal for a campground expansion, corporate retreat, residential development, or private recreational haven. The property's combination of established infrastructure, natural beauty, and convenient location makes it a truly exceptional offering. The asking price is $430,000. The address is 8110 W Co Rd 1400 S, Westport, IN 47283.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Westport
    County
    Decatur
    State
    Indiana
    Longitude
    -85.633
    Latitude
    39.1319

    Comparable in this City

    • Value Estimation by Request
      5,004 SF

      207 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,004 SF
      207 Main St, Westport, IN 47283
      View Details
    • Value Estimation by Request
      896 SF

      8110 County Rd 1400th S

      CAMPGROUND, RV PARK • 896 SF
      8110 County Rd 1400th S, Westport, IN 47283-9345
      View Details
    • Value Estimation by Request
      20.39 Acres

      State Rd 3rd 3

      CAMPGROUND, RV PARK • 20.39 Acres
      State Rd 3rd 3, Westport, IN 47283
      View Details
    • Value Estimation by Request
      2.59 Acres

      110 State Rd 3rd 8th Trlr, Unit 8

      MOBILE HOME PARK, TRAILER PARK • 2.59 Acres
      110 State Rd 3rd 8th Trlr, Westport, IN 47283-9688
      View Details
    • Value Estimation by Request
      816 SF

      Nwn W St

      COMMERCIAL (GENERAL) • 816 SF
      Nwn W St, Westport, IN 47283
      View Details
    • Value Estimation by Request
      2,484 SF

      212 12th E Main St

      COMMERCIAL (GENERAL) • 2,484 SF
      212 12th E Main St, Westport, IN 47283-9484
      View Details

    Similar Nearby for Sale

    • $330,000
      36.00 Acres

      Westport Farm Land For Sale

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      W Co Rd 1100 S, Westport, IN 47283
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    • $1,750,500
      200.99 Acres

      200+ Acres of Pristine Land

      Pristine 200+ acre land with tillable acreage, woods, and creeks.
      11182 S County Road 280 W, Westport, IN 47283
      View Details
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    8110 Co Rd 1400
    Westport, IN 47283
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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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