550 South St Lafayette, IN 47901
This exceptional 95-acre agricultural property presents a unique investment opportunity. Located in Lafayette, Indiana, near the intersection of US 231 and the Raineybrook Subdivision, this transitional farmland boasts approximately 90 FSA tillable acres, ideal for expansion or development. Its strategic location offers convenient access to Lafayette's amenities while maintaining a rural setting. The property is classified as Surety WAPI 150.5, indicating its high-quality soil. This online auction, scheduled for November 12th, 2024, from 12 PM to 5 PM EST, offers phone bidding for added convenience. Don't miss this chance to acquire a valuable asset in a rapidly growing area. The property is zoned for agricultural use ("Ag") and presents significant potential for future development given its proximity to established residential areas. Detailed information, including the bidder packet, is available. This is an excellent addition to any farmland portfolio or investment strategy. The property is being sold by the Ronald E and Katherine O Denhart Trust.
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
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.