Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12150 Us Hwy 421 Monticello, IN 47960-4705
    Back to Search
    Property profile & analytics

    12150 Us Hwy 421 Monticello, IN 47960-4705

    View on Map
    • Commercial land
    • 0.09 lot acres
    Off-Market
    Last Sale Dec 31, 2020
    Property ID
    US31-3094470
    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 12150 Us Hwy 421

    Lot size
    0.09 lot acres
    Property type
    Commercial land
    APN
    08-04-03-000-228.000-011
    APU
    80403000228000011

    Description

    This exceptional 0.07-acre commercial lot presents a unique investment opportunity in the thriving Monticello, Indiana market. Located at 12150 N US Hwy 421, this property boasts a highly visible street frontage, ideal for a variety of commercial ventures. The strategic location offers excellent accessibility and exposure to a significant volume of daily traffic, ensuring high visibility for any business established here. The land is currently vacant, providing a blank canvas for development tailored to specific business needs. This presents a rare chance to build a custom structure perfectly suited to your operational requirements, maximizing efficiency and profitability. The asking price of $499,000 reflects the prime location and development potential of this property. Given the scarcity of available commercial land in this area, this represents a compelling investment opportunity for entrepreneurs and developers seeking a foothold in a growing market. The property's size makes it suitable for a range of commercial uses, from small retail spaces to professional offices, or even a complementary business to existing establishments in the area. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. All interested parties are advised to conduct their own due diligence regarding zoning regulations and permitted uses. The property is ready for immediate development, offering a swift path to realizing your business goals.

    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
    Monticello
    County
    Carroll
    State
    Indiana
    Longitude
    -86.7537
    Latitude
    40.7251
    CBSA code
    29200
    CBSA name
    LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $77
    $7,600
    $0.00
    $7,600
    -
    $7,600
    $0.00
    $7,600

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.01 Acres
      Main St, Monticello, IN 47960
      View Details
    • Value Estimation by Request
      0.20 Acres

      222 Marion St

      VACANT COMMERCIAL LAND • 0.20 Acres
      222 Marion St, Monticello, IN 47960-2135
      View Details
    • Value Estimation by Request
      0.18 Acres

      512 Northwestern Ave

      VACANT COMMERCIAL LAND • 0.18 Acres
      512 Northwestern Ave, Monticello, IN 47960-1546
      View Details
    • Value Estimation by Request
      0.10 Acres

      Pirates Roost Rd

      VACANT COMMERCIAL LAND • 0.10 Acres
      Pirates Roost Rd, Monticello, IN 47960
      View Details
    • Value Estimation by Request
      0.11 Acres

      2773 Shafer Dr

      VACANT COMMERCIAL LAND • 0.11 Acres
      2773 Shafer Dr, Monticello, IN 47960-8708
      View Details
    • Value Estimation by Request
      0.14 Acres

      1041 Shafer Dr

      VACANT COMMERCIAL LAND • 0.14 Acres
      1041 Shafer Dr, Monticello, IN 47960
      View Details

    Similar Nearby for Sale

    • $125,000
      0.96 Acres

      Prime Commercial Land in Monticello

      Nearly 1-acre commercial land parcel in high-traffic location.
      6Th St, Monticello, IN 47960
      View Details
    • $60,000
      0.71 Acres

      Monticello Commercial Land Opportunity

      B-2 zoned lot in a growing Monticello area.
      Foxwood Lot 4 Ct, Monticello, IN 47960
      View Details
    • $75,000
      0.98 Acres

      Monticello Corner Commercial Development Opportunity

      0.97-acre corner lot zoned B-2 in Monticello, Indiana.
      Foxwood Lot 1 Ct, Monticello, IN 47960
      View Details
    • $70,000
      0.86 Acres

      Monticello Commercial Corner Lot

      Commercial land for sale in Monticello, Indiana.
      Foxwood Lot 2 Ct, Monticello, IN 47960
      View Details
    • $134,900
      1.88 Acres

      Prime Commercial Land in Monticello

      1.875 acres of commercial land with high visibility.
      Gordon Rd, Monticello, IN 47960
      View Details
    • $60,000
      0.42 Acres

      Monticello Commercial Land Opportunity

      B-2 zoned commercial land for sale in Monticello, Indiana.
      Foxwood Lot 3 Ct, Monticello, IN 47960
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,440 SF

      Downtown Retail & Office Space

      Retail and office space in downtown Lafayette with prime frontage.
      623 S Main St, Monticello, IN 47960
      View Details
    • $2,000 /Mo
      1,827 SF

      Downtown Monticello Office Space

      1,827 SF office space for rent in Monticello.
      116 Constitution Plz, Monticello, IN 47960
      View Details
    • New
      $1,785 /Mo
      3,014 SF

      Retail Building on US 24

      Retail building for lease with highway frontage and parking.
      706 W Broadway St, Monticello, IN 47960
      View Details
    • $2,500 /Mo
      4,260 SF

      Monticello Restaurant/Bar Opportunity

      4,260 SF restaurant/bar space available for rent in Monticello.
      912 S Main St, Monticello, IN 47960
      View Details
    • Contact for pricing

      Retail Space on Broadway Street

      1,642 SF retail space in established Monticello strip center.
      1110 W Broadway St, Monticello, IN 47960
      View Details
    • $8 SF/Yr
      11,100 SF

      R&J Plaza: Monticello Retail Space

      High-exposure retail space available in prime location.
      1017 6Th St, Monticello, IN 47960
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12150 Us Hwy 421
    Monticello, IN 47960-4705
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12150 Us Hwy 421, Monticello, IN, 47960
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!