0000 St Rd Laurel, IN 47024
This exceptional 101-acre property in Laurel, Indiana, presents a unique investment opportunity. Located in Franklin County, this land boasts recently harvested mature timber, offering potential for sustainable timber harvesting and immediate economic return. The varied topography includes scattered buildable sites with panoramic views, ideal for residential, commercial, or mixed-use development. A well-established trail system enhances recreational opportunities, perfect for hiking, biking, and horseback riding. The property's diverse ecosystem provides an ideal hunting environment, attracting a variety of wildlife. The strategic location and development potential, combined with the existing recreational features, make this a multifaceted investment. Parcel numbers are 24-02-28-300-005.000-010, 8007013104, and 8007013201. The legal description is PT s 1/2 ne SW 28-12-12 19.75a se SW 28-12-12 40a & PT w 1/2 se 28-12-12 11.78a (classified forest & wildlands 28-12-12 68.83a). 2022 taxes were $304.44. This property offers a blend of natural beauty, recreational pursuits, and significant development potential, making it an attractive investment for a wide range of buyers. The address is 0000 St Road 121, Laurel, IN 47024.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.