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    1040 E 4Th St Rochester, IN 46975
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    1040 E 4Th St Rochester, IN 46975

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    • Industrial land
    For Sale
    $143,000
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    Industrial Land in Rochester, Indiana For Sale
    $143,000
    11.00 Acres

    Industrial Land in Rochester, Indiana

    11 acres of industrial land with city utilities available.

    1040 E 4th St, Rochester, IN 46975
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    Property ID
    US31-0957926
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 1040 E 4Th St

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    11 Acres Zoned Industrial, in the City Limits of Rochester, IN. City Water & Sewer available. Possible Economic Assistance available, based on job creation and wages. Great location - Close State Highways, 25 & 14, and US 31, the major North / South corridor through Indiana. Rochester is in a very unique location. Within 1 Hour of South Bend (location of the Indiana Toll Road) and Kokomo. Within 1 1/2 Hours Ft. Wayne and Indianapolis. Less then 2 hours to downtown Chicago. Rochester with our Historic Downtown, Shopping and Restaurants. Located on Beautiful Lake Manitou; Great Park System; Golf Course's and Bicycle / Walking Path (over 40 miles. Call today to schedule a visit to review the amenities we have to offer !

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Fulton
    State
    Indiana
    Longitude
    -86.201691
    Latitude
    41.071608

    Comparable in this City

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      Prime Commercial Corner Lot Available

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      Drive-Thru ATM on 0.444 Acres

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      Drive-Thru ATM For Sale

      Drive-thru ATM on 0.444 acres, Rochester, Indiana.
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      Prime Commercial Land For Sale

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      Drive-Thru ATM on 0.444 Acres

      Drive-thru ATM for sale near Kroger and Peace Tree Village.
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    • $185,000
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      Prime Commercial Corner Lot Available

      Exceptional commercial land opportunity near US 31 & SR 25.
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      14,756 SF

      Redevelopment Opportunity in Rochester, Indiana

      Former Walgreens available for redevelopment or immediate occupancy.
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    • $249,900
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      405 Madison St, Rochester, IN 46975

      Commercial real estate • 0.33 Acres
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    • $775,000
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      Wabash Ave Industrial Warehouse

      66,500 SF Warehouse, Fully Leased
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    Similar Nearby for Lease

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      77,000 SF

      Industrial Warehouse Space Available

      77,000 SF industrial warehouse for lease.
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      Industrial Building in Rochester, Indiana

      Industrial space for lease near US 31 in Rochester.
      4366 N Old Us Highway 31, Rochester, IN 46975
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      New Construction Flex Warehouse Space

      New construction flex warehouse space available for lease in Rochester.
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      Shopping Center with Ample Parking

      Shopping center available for rent with plenty of parking.
      2312 E State Road 14, Rochester, IN 46975
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    View Listing
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    Rochester, IN 46975
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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.

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