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    Rensselaer, IN 47978

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

    Current Use by Public Records

    • Land

    Property Details

    Lot size
    175.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional investment opportunity presents 175 acres of productive farmland in Jasper County, Indiana, conveniently located six miles southeast of Rensselaer and seven miles northeast of Remington. The property is offered in three distinct tracts: Tract 1 encompasses 40 acres, with 39.02 acres tillable; Tract 2 comprises 55 acres, featuring 53.5 acres of tillable land; and Tract 3 offers 80 acres, with 77.71 acres suitable for cultivation. Annual real estate taxes are: Tract 1 - $591.51; Tract 2 - $827.20; and Tract 3 - $1,245.50. This versatile land offers significant potential for agricultural endeavors. The property's strategic location provides easy access to local amenities and transportation routes. An online auction will be held on November 21, 2024, commencing at 10:00 AM and concluding at 6:00 PM. Detailed information and registration for bidding are available on the auction website. This is a rare chance to acquire high-quality farmland in a desirable location. Don't miss this opportunity to expand your agricultural holdings or build a strong investment portfolio.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Jasper
    State
    Indiana
    Longitude
    -87.1315
    Latitude
    40.8519

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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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