Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Us 31 & Sr. 28 Tipton, IN 46072

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Us 31 & Sr. 28 Tipton, IN 46072

    View on Map
    • Land
    • 12.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Us 31 & Sr. 28

    Lot size
    12.00 lot acres
    Property type
    Land

    Description

    This exceptional 12-acre vacant land parcel presents a unique investment opportunity in Tipton County, Indiana. Strategically located at the intersection of US 31 and State Road 28, in the Campbell Crossing area, this property boasts unparalleled visibility and accessibility from major roadways. The site is fully serviced with utilities, making it ideal for immediate development. The land is described as "shovel-ready," indicating it's prepared for construction, minimizing delays and maximizing efficiency. While this specific listing encompasses 12 acres, there is flexibility in acreage options, with both smaller (approximately 2-acre) and larger (approximately 5-acre) shovel-ready sites available within a larger 137-acre tract. This location benefits from being in a rapidly expanding area, promising strong future growth potential. The property's zip code is 46072. The precise coordinates are latitude 40.2775005 and longitude -86.1316361. This presents a compelling opportunity for developers seeking a well-situated, readily developable site in a thriving Indiana market. Additional acreage is available for those seeking larger-scale projects. Interested parties should inquire about pricing and available acreage options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tipton
    County
    Tipton
    State
    Indiana
    Longitude
    -86.1316
    Latitude
    40.2775

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      In-28

      Farms • 2,623,837 SF
      0 In-28, Tipton, IN 46072
      View Details
    • Value Estimation by Request
      35.66 Acres

      6022 In-28

      Land • 35.66 Acres
      6022 In-28, Tipton, IN 46072
      View Details
    • Value Estimation by Request
      137.00 Acres

      31 And Sr 28

      Farms • 137.00 Acres
      31 And Sr 28, Tipton, IN 46072
      View Details
    • Value Estimation by Request
      12.00 Acres

      28 Us 31 & State Rd

      Land • 12.00 Acres
      28 Us 31 & State Rd, Tipton, IN 46072
      View Details
    • Value Estimation by Request
      0.08 Acres

      118 Es St

      VACANT COMMERCIAL LAND • 0.08 Acres
      118 Es St, Tipton, IN 46072-2040
      View Details
    • Value Estimation by Request
      2.60 Acres

      105 207th W

      INDUSTRIAL - VACANT LAND • 2.60 Acres
      105 207th W, Tipton, IN 46072
      View Details

    Similar Nearby for Sale

    • $450,000
      10.00 Acres

      Commercial Land in Growing Tipton

      10 acres of annexed land suitable for multiple development types.
      1130 E Jefferson Hwy, Tipton, IN 46072
      View Details
    • $450,000
      10.00 Acres

      Tipton Land Ready For Development

      10 acres of land annexed into the city of Tipton.
      1030 E Jefferson St, Tipton, IN 46072
      View Details
    • $54,000
      1.00 Acre

      Residential Lot in Quaint Tipton

      One-acre residential lot near Tipton, Indiana, ideal for building.
      4073 W 100 S, Tipton, IN 46072
      View Details
    • Contact for pricing

      85 Acres Agricultural Land For Sale

      85 acres of agricultural land with highway frontage.
      W 600, Tipton, IN 46072
      View Details
    • $35,000
      Pending

      Residential Lot in Tipton County

      Residential lot in Tipton, Indiana, near US31.
      8762 W 400 S, Tipton, IN 46072
      View Details
    • $95,000
      Pending

      5-Acre Wooded Residential Lot

      5-acre wooded lot suitable for residential construction in Tipton, IN.
      4148 E Indiana 28, Tipton, IN 46072
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Us 31 & Sr. 28
    Tipton, IN 46072
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!