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    Property profile & analytics

    4051 State Rte Sheridan, IN 46069

    • Land
    • 19.00 lot acres
    For Sale
    View listing
    $1,350,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4051 State Rte

    Lot size
    19.00 lot acres
    Property type
    Land

    Description

    This exceptional 19-acre property in Sheridan, Indiana, presents a unique investment opportunity. Situated along the planned extension of the Monon Trail, just north of Sheridan's downtown area, this land offers unparalleled potential. The property includes a substantial barn, suitable for agricultural use or conversion into an event space or party barn, along with two additional outbuildings. A three-bedroom ranch-style home is also situated on the property. Its prime location offers easy access to the amenities of Sheridan while enjoying a tranquil setting. The proximity to the future Monon Trail extension promises significant future value appreciation, making this land ideal for redevelopment into custom homes or a thriving event center. The property's size and existing structures provide flexibility for a variety of development scenarios, catering to diverse investment strategies. The asking price is $1,350,000. The property is located at 4051 State Rte 38, Sheridan, IN 46069, in Hamilton County. The lot size is 19 acres. Co-op opportunities are available.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.2303
    Latitude
    40.1419

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    4051 State Rte
    Sheridan, IN 46069
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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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