Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    7900 200 Greenfield, IN 46140

    • Land
    • 128.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 7900 200

    Lot size
    128.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 128-acre agricultural property presents a rare opportunity for investors seeking prime farmland in Hancock County, Indiana. Located at 7900 E 200 S, Greenfield, IN 46140, this expansive tract is zoned for agriculture (AGRICULTURE). The asking price is $1,907,200, translating to a land value of $14,900 per acre. The property boasts approximately 13 acres of wooded area situated in the northwest corner, while the remaining acreage is tillable, ideal for cultivation. The total acreage is approximate. Please note that property taxes are estimated due to the parcel's division across three separate tax tracts. This significant landholding offers substantial potential for agricultural operations or long-term investment in a highly desirable location. Given the scarcity of such large, productive farmland tracts, this property represents a compelling investment opportunity. The property's location in Greenfield, Indiana provides convenient access to local amenities and transportation networks. Serious inquiries are encouraged to explore the full potential of this remarkable agricultural asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.654
    Latitude
    39.7569

    Comparable in this City

    • Value Estimation by Request
      360.00 Acres

      2866 North St

      Land • 360.00 Acres
      2866 North St, Greenfield, IN 46140
      View Details
    • Value Estimation by Request
      31.00 Acres

      Opportunity Pkwy

      Multifamily properties • 31.00 Acres
      0 Opportunity Pkwy, Greenfield, IN 46140
      View Details
    • Value Estimation by Request
      16.60 Acres

      3083 800

      Land • 16.60 Acres
      3083 800, Greenfield, IN 46140
      View Details
    • Value Estimation by Request
      74.00 Acres

      350 North St

      Land • 74.00 Acres
      350 North St, Greenfield, IN 46140
      View Details
    • Value Estimation by Request
      19.69 Acres

      1487 State St

      Land • 19.69 Acres
      1487 State St, Greenfield, IN 46140
      View Details
    • Value Estimation by Request
      3.80 Acres

      3097 Mt Comfort Rd

      Land • 1 SF
      3097 Mt Comfort Rd, Greenfield, IN 46140
      View Details

    Similar Nearby for Sale

    • $789,000

      Greenfield Commercial Property with Living

      Versatile commercial property with office, living space, and barns.
      3542 W Us Highway 40, Greenfield, IN 46140
      View Details
    • $775,000
      5.00 Acres

      Prime Greenfield Industrial Land

      ±5 Acres, I-70 Access, $775K
      7352 300, Greenfield, IN 46140
      View Details
    • $799,000
      0.70 Acres

      Greenfield Commercial Land, IN

      0.7-acre prime commercial lot
      1022 State St, Greenfield, IN 46140
      View Details
    • $7,680,000
      159.07 Acres

      Greenfield Residential Development Land

      159 Acres, Prime Location, Utilities Available
      0 400, Greenfield, IN 46140
      View Details
    • $489,000
      4.12 Acres

      Greenfield Commercial Land - 4 Acres

      Prime Greenfield location, 4.122 acres, IBP zoning.
      2949 800, Greenfield, IN 46140
      View Details
    • Contact for pricing

      131 Acres Development Site

      131-acre development site in a growing submarket.
      2866 W 300 N, Greenfield, IN 46140
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      524,300 SF

      Commercial Land for Lease

      40 acres available for lease or build-to-suit.
      3826 W 300 N, Greenfield, IN 46140
      View Details
    • Contact for pricing

      Divisible Land in Growing Area

      Divisible commercial land with development options and excellent visibility.
      3097 N 600 W, Greenfield, IN 46140
      View Details
    • Contact for pricing
      377,781 SF

      Prime Hancock County Warehouse

      Modern warehouse space, immediate occupancy.
      6887 350N, Greenfield, IN 46140
      View Details
    • Contact for pricing
      15,600 SF

      Gateway Shoppes Retail Space

      Greenfield, IN Retail Opportunity
      2250 Hugar L Phelps Dr, Greenfield, IN 46140
      View Details
    • Contact for pricing
      8,000 SF

      Greenfield Retail Build-to-Suit

      Prime Greenfield location, build-to-suit restaurant opportunity.
      1022 State St, Greenfield, IN 46140
      View Details
    • $8,000 /Mo
      2,768 SF

      Mount Comfort Office/Residential Property

      Four-bedroom home with office space near Mount Comfort exit.
      2972 N 700 W, Greenfield, IN 46140
      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.
    7900 200
    Greenfield, IN 46140
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.