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    4945 E Indiana Beach Rd Monticello, IN 47960
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    4945 E Indiana Beach Rd Monticello, IN 47960

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    • Resorts
    Off-Market
    Property ID
    US31-1606266
    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

    • Resorts

    Property Details for 4945 E Indiana Beach Rd

    Year built
    1953
    Property type
    Resorts
    Property subtype
    Short term rental properties

    Description

    Lake Shafer Resort Property â?? A Prime Waterfront Retreat near Indiana Beach Nestled along the serene shores of Lake Shafer, this resort-style property offers an exceptional opportunity for investors or those seeking a picturesque lakeside retreat. Located just minutes from the vibrant attractions ... of Indiana Beach, this property is the ultimate destination for relaxation and entertainment. 6 Rental Units: A variety of cozy accommodations perfect for short-term or long-term stays, each with unique charm and comfort to meet guest needs. Inground Pool: A sparkling pool surrounded by a spacious deck area, ideal for lounging or hosting outdoor gatherings. Multiple Decks & Multilevel Designs: Expansive decks provide breathtaking views of the lake, with plenty of space for outdoor dining, grilling, or simply soaking up the sun. Waterfront Views: Enjoy direct access to Lake Shafer with stunning views of the water from almost every corner of the property. A private dock adds convenience for boating, fishing, or watersports. The main house features two spacious bedrooms, a dedicated office space, and an open-concept living and dining area, offering a comfortable and private living option for the owner or property manager. Flexible potential as a short-term rental business or private family compound. This Lake Shafer gem is a rare find with endless possibilities for investors or those looking to create a dream lakeside lifestyle. Donâ??t miss the chance to own this unique and highly desirable waterfront property!

    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
    White
    State
    Indiana
    Longitude
    -86.7754626
    Latitude
    40.7922249

    Comparable in this City

    • Contact for pricing

      Waterfront Multifamily Resort Opportunity

      55-unit waterfront multifamily asset near Indiana Beach.
      4983 E Indiana Beach Rd, Monticello, IN 47960
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      0.66 Acres

      Turnkey Lakefront Resort Opportunity

      Premier lakefront resort with updated units and strong rental potential.
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    • $1,199,990
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      Lake Freeman Multi-Purpose Property

      3.90-acre mixed-use property with lake frontage in Monticello, Indiana.
      11810 W 820 North Crossroads, Monticello, IN 47960
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    • $225,000
      2,133 SF

      Monticello Duplex: Investment Opportunity

      Well-maintained duplex in Monticello, Indiana, ideal for investment.
      318 S Illinois St, Monticello, IN 47960
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    • $199,000
      0.05 Acres

      Downtown Monticello Office Space

      Prime office space for sale in downtown Monticello, Indiana.
      116 Constitution Plz, Monticello, IN 47960
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    • $1,299,000
      3,376 SF

      Lakefront Resort Hotel Investment

      Turnkey Hotel, High ROI, Lake Shafer
      5088 Indiana Beach Rd, Monticello, IN 47960
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Waterfront Multifamily Resort Opportunity

      55-unit waterfront multifamily asset near Indiana Beach.
      4983 E Indiana Beach Rd, Monticello, IN 47960
      View Details
    • $1,050,000
      0.66 Acres

      Turnkey Lakefront Resort Opportunity

      Premier lakefront resort with updated units and strong rental potential.
      2373 N Untalulti Dr, Monticello, IN 47960
      View Details
    • $1,199,990
      2,900 SF

      Lake Freeman Multi-Purpose Property

      3.90-acre mixed-use property with lake frontage in Monticello, Indiana.
      11810 W 820 North Crossroads, Monticello, IN 47960
      View Details
    • $225,000
      2,133 SF

      Monticello Duplex: Investment Opportunity

      Well-maintained duplex in Monticello, Indiana, ideal for investment.
      318 S Illinois St, Monticello, IN 47960
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    • $699,000
      5.40 Acres

      Monticello Self-Storage Investment Opportunity

      60-unit self-storage facility with expansion potential on 5.4 acres.
      1626 N State Road 39, Monticello, IN 47960
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    • $199,000
      0.05 Acres

      Downtown Monticello Office Space

      Prime office space for sale in downtown Monticello, Indiana.
      116 Constitution Plz, Monticello, IN 47960
      View Details

    Similar Nearby for Lease

    • $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
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    • 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
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    • $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
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    • $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
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    • 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
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    • 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
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    Monticello, IN 47960
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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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    4945 E Indiana Beach Rd, Monticello, IN, 47960
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