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    2140 N Morgan Rd Taswell, IN 47175
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    2140 N Morgan Rd Taswell, IN 47175

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    • Campgrounds
    For Sale
    $1,695,000
    View Listing →
    Profitable Campground Near Patoka Lake For Sale
    $1,695,000

    Profitable Campground Near Patoka Lake

    86-acre property with cabins, campground, and income potential.

    2140 N Morgan Road, Taswell, IN 47175
    View Listing
    Property ID
    US31-1543474
    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

    • White Oaks Cabins Near Patoka Lake / Construction Company / General Contractor

    Property Details for 2140 N Morgan Rd

    Property type
    Campgrounds
    Property subtype
    Short term rental properties

    Description

    Very popular AirBNB / VRBO / Short Term Rental Property located on 86 wooded acres in Southern Indiana about 7 minutes away from Patoka Lake. With over $200,000 gross income and 1200 nights booked in the past 9 months, this property is poised to have a fantastic 2023. The property is in a secluded l ... ocation and allows people to get away from everything for a few days. This property consists of: 8 Log Cabins currently being rented on a nightly basis and 8 Space Campground with water & electric 2 Older Cabins that need rehabbed Approximately $50,000 in timber on the property Development opportunity to build more cabins, tiny houses, glamping, etc on the property Great Hunting Land Perfect for a group that would like hunting ground that pays for itself or for an owner operator looking for an extra income stream. Online booking system in place for easy online management of direct bookings, Airbnb, and VRBO New furniture, mattresses, some hot tubs added, upgraded appliances, and more 3 ponds on the property, 2 creeks Trails on the property Perfect Recreational Property With Income www.WhiteOaksCabins.org for more photos Great location near Patoka Lake, Holiday World, French Lick, Marengo Cave, Hoosier National Forest, more Many Value Add Opportunities including adding RVâs to the campground rent out nightly, Owner Financing May Be Available with $300,000 down and 2 year balloon Income / Expense Details available after signing a Confidentiality Agreement

    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
    Taswell
    County
    Crawford
    State
    Indiana
    Longitude
    -86.530083
    Latitude
    38.366849

    Comparable in this City

    • $150,000
      1,140 SF

      Updated Farmhouse on 4.26 Acres

      Updated farmhouse with horse barn and drive-through garage on 4.26 acres.
      588 Belcher Rd, Taswell, IN 47175
      View Details
    • $70,000
      2.49 Acres

      Land in Taswell, Indiana

      2.49 acre lot for sale in Taswell, Indiana.
      2148 N Highfill Chapel Rd, Taswell, IN 47175
      View Details
    • New
      $68,000
      3.11 Acres

      Taswell Land with Creek

      3.1-acre residential land near Little Patoka Boat Ramp.
      W Jericho Rd, Taswell, IN 47175
      View Details
    • $70,000
      108,464 SF

      Taswell Land Parcel For Sale

      Large land parcel available in Taswell, Indiana.
      2148 North Highfill Chapel Rd, Taswell, IN 47175
      View Details

    Similar Nearby for Sale

    • $150,000
      1,140 SF

      Updated Farmhouse on 4.26 Acres

      Updated farmhouse with horse barn and drive-through garage on 4.26 acres.
      588 Belcher Rd, Taswell, IN 47175
      View Details
    • New
      $68,000
      3.11 Acres

      Taswell Land with Creek

      3.1-acre residential land near Little Patoka Boat Ramp.
      W Jericho Rd, Taswell, IN 47175
      View Details
    • $70,000
      2.49 Acres

      Land in Taswell, Indiana

      2.49 acre lot for sale in Taswell, Indiana.
      2148 N Highfill Chapel Rd, Taswell, IN 47175
      View Details
    • $70,000
      108,464 SF

      Taswell Land Parcel For Sale

      Large land parcel available in Taswell, Indiana.
      2148 North Highfill Chapel Rd, Taswell, IN 47175
      View Details
    View Listing
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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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