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    Hendricks County Rd Mooresville, IN 46168

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    Hendricks County Rd Mooresville, IN 46168

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    • Land
    • 30.27 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hendricks County Rd

    Lot size
    30.27 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 30.27-acre agricultural property in Hendricks County, Indiana, presents a compelling investment opportunity. Located near Plainfield, IN, with a Mooresville mailing address and zip code 46168 (APN: 321522400004000011), this land is currently utilized for farming, with existing tenant rights extending to the conclusion of the current crop season. The property is zoned for agricultural use, offering a multitude of potential development avenues. Its strategic location benefits from the proximity of municipal water and electricity, enhancing its versatility and appeal. The planned addition of an I-70 interchange in the vicinity promises significant future growth and increased property value. This makes this parcel an attractive option for both established agricultural operations seeking expansion and forward-thinking investors anticipating the area's development trajectory. The asking price for this expansive tract is $900,000. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3926
    Latitude
    39.6307

    Comparable in this City

    • Value Estimation by Request
      268.00 Acres

      8875 County Road 825

      Farms • 268.00 Acres
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      14.49 Acres

      13 Plainfield Park

      Land • 14.49 Acres
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      4.87 Acres

      40 Cor Us Eddie Way & Us Hwy

      Land • 4.87 Acres
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      1.53 Acres

      1200 Edwards Dr

      Land • 1.53 Acres
      1200 Edwards Dr, Plainfield, IN 46168
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    • Value Estimation by Request
      2.07 Acres

      Swift Dr

      Land • 2.07 Acres
      0 Swift Dr, Plainfield, IN 46168
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    • Value Estimation by Request
      3.47 Acres

      40 And Eddy Way

      Land • 3.47 Acres
      40 And Eddy Way, Plainfield, IN 46168
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    Similar Nearby for Sale

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      Plainfield Development Opportunity: 14 Acres

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    • $290,000
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      Residential Lot in Plainfield

      Residential lot suitable for building a custom home.
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      Outlot Fronting Walmart Neighborhood Market

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      2.09 Acre Office District Site

      2.09 acre site zoned for office, medical, educational uses.
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    • $900,000
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      Commercial Land on Highway 40

      2.87 acres of commercial land with highway frontage.
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    Similar Nearby for Lease

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      2597 E Main St, Plainfield, IN 46168

      Commercial land
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      Prime Commercial Outlot for Lease

      Approximately one acre outlot available for ground lease.
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      Renovated Health Destination Space

      Renovated 20,000 SF building with high foot traffic.
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      3,493 SF

      Office Space Near I-70

      Office space available with convenient highway access and ample parking.
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      402,932 SF

      Plainfield Warehouse and Distribution Center

      Prime location near Indianapolis Airport and major interstates.
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      41,412 SF

      Retail Space Available for Lease

      41,412 SF retail space with high traffic and connectivity.
      2551-2575 E Main St, Plainfield, IN 46168
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    Hendricks County Rd
    Mooresville, IN 46168
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    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
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