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    8 +/- Acres Recreational Westminster, IN 21157

    • Land
    • 8.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 8 +/- Acres Recreational

    Lot size
    8.00 lot acres
    Property type
    Land

    Description

    This exceptional 8-acre recreational property in Carroll County, Indiana, presents a unique opportunity for various uses. Located just south of Burnettsville and easily accessible via paved County Road 350 West, the land offers a blend of potential homesite, hunting, and agricultural uses. A substantial 32' x 48' barn, featuring a partial concrete floor and electricity, is already in place, providing ample storage or workshop space. Approximately 1.5 acres are currently farmed, ideal for a garden or livestock grazing. The property's excellent wildlife habitat is enhanced by nearby water sources and its proximity to expansive crop fields, promising successful hunting. Its convenient location also places it within a short driving distance of the Wabash River, Lake Shaffer, and Lake Freeman, offering additional recreational opportunities. The asking price is $145,000, making this a compelling investment for those seeking a versatile rural property with significant potential. The property's zoning and permitted uses should be independently verified.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Carroll
    State
    Indiana
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    8 +/- Acres Recreational
    Westminster, IN 21157
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    Realmo Value Estimation

    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.

    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.

    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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