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    11011 State Road 37 New Haven, IN 46774
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    11011 State Road 37 New Haven, IN 46774

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    • Commercial land
    For Sale
    $3,900,000
    View Listing →
    Commercial Land in Growing Area For Sale
    $3,900,000

    Commercial Land in Growing Area

    Land in fast-growing area with high traffic counts.

    11011 State Road 37, New Haven, IN 46774
    View Listing
    Property ID
    US31-0229008
    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

    • Commercial land

    Property Details for 11011 State Road 37

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    This site in in a very fast growing area. You have Wal-Mart Store, Meijer's Store, Kohl's Store, Menards Store, and many more. Traffic counts over 15,000 per day on US-37 and over 30,000 cars per day on I-469.

    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
    New Haven
    County
    Allen
    State
    Indiana
    Longitude
    -85.00189
    Latitude
    41.1404

    Comparable in this City

    • $4,500,000
      20.66 Acres

      Prime Land in Growing Area

      Land in fast-growing area with high traffic counts.
      11011 State Road 37, New Haven, IN 46774
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    • $1,300,000
      21.71 Acres

      21.7 Acre Development Opportunity

      21.7 acres suitable for apartments, assisted living, or medical facilities.
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    • $565,000
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      Commercial Land with High Exposure

      High-exposure commercial land in a growing area with high traffic.
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    • $1,100,000

      Prime Development Land Opportunity

      2-acre commercial land near upcoming sports complex.
      4213 Minnich Rd, New Haven, IN 46774
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    • $795,000
      17.70 Acres

      Commercial Land in New Haven

      17.7 acres of land suitable for commercial or retail.
      15030 Us 30 Rd, New Haven, IN 46774
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    • Contact for pricing
      771,012 SF

      Commercial Land For Sale

      Excellent location for commercial or retail use.
      15030 Us 30 Rd, New Haven, IN 46774
      View Details

    Similar Nearby for Sale

    • $4,500,000
      20.66 Acres

      Prime Land in Growing Area

      Land in fast-growing area with high traffic counts.
      11011 State Road 37, New Haven, IN 46774
      View Details
    • $1,100,000

      Prime Development Land Opportunity

      2-acre commercial land near upcoming sports complex.
      4213 Minnich Rd, New Haven, IN 46774
      View Details
    • $565,000
      1.08 Acres

      Commercial Land with High Exposure

      High-exposure commercial land in a growing area with high traffic.
      12020 Us-30 Rd E, New Haven, IN 46774
      View Details
    • $1,300,000
      21.71 Acres

      21.7 Acre Development Opportunity

      21.7 acres suitable for apartments, assisted living, or medical facilities.
      4521 Schwartz Rd, New Haven, IN 46774
      View Details
    • $795,000
      17.70 Acres

      Commercial Land in New Haven

      17.7 acres of land suitable for commercial or retail.
      15030 Us 30 Rd, New Haven, IN 46774
      View Details
    • Contact for pricing
      771,012 SF

      Commercial Land For Sale

      Excellent location for commercial or retail use.
      15030 Us 30 Rd, New Haven, IN 46774
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Haven Industrial Park Land

      Industrial park land for lease near major transportation routes.
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      Industrial Property with Truck Scale

      Industrial property for rent with truck scale and potential rail.
      15012 Edgerton Rd, New Haven, IN 46774
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      Industrial Property in New Haven

      Industrial property for rent in New Haven, Indiana.
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    • $12 SF/Yr

      Retail Suites For Lease

      Retail suites available in Kroger and Planet Fitness anchored center.
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      Retail Space in New Haven

      Retail space in a high-traffic commercial area near Fort Wayne.
      910 Lincoln Hwy W, New Haven, IN 46774
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    • Contact for pricing

      Industrial Space Available Q1 2024

      Up to 200,000 SF available in Q1 2024.
      15501 Dawkins Rd, New Haven, IN 46774
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    New Haven, IN 46774
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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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