Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11891 E 196th Street Noblesville, IN 46060

    View on Map
    For Sale
    $485,000

    Residential Lots - Noblesville, IN

    Lot size:
    4.00 Acres
    Added:
    Feb 13, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 11891 E 196th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential, agricultural
    Standard status
    Active
    APN
    290727000002000016
    Lot size
    4.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Fernandez

    Listing agent Robert Fernandez License #RB19000265

    Listing office CENTURY 21 Scheetz Lakeridge Drive, Indianapolis, IN

    Listing date Feb 13, 2026

    MLS# 22081975 Listing URL

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Noblesville, Indiana

    This 4-acre parcel is suitable for building a new home. The basement lot includes an easement for drainage, septic requirements from the county, and an existing newer well. A driveway permit for a u-shaped drive has been obtained. The current home on the property is being sold as-is and will need to be removed before occupancy of a new home is allowed. The property is located in Noblesville, Indiana, in Hamilton County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply HVAC Service Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Noblesville
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.955707
    Latitude
    40.073217

    Nearby Similar for Sale

    • $590,400

      Flex Space in Bergen Business Park

      Premium end unit near Hamilton Town Center and I-69.
      14226 Bergen Boulevard, Noblesville, IN 46060
      View Details
    • $1,159,200

      Noblesville Flex Space Opportunity

      5,040 SF flex space near Hamilton Town Center.
      14214 Bergen Boulevard, Noblesville, IN 46060
      View Details
    • $1,799,000

      Noblesville Land on High-Visibility Corridor

      2.2-acre parcel with unmatched exposure and seamless connectivity.
      4844 Conner Street, Noblesville, IN 46060
      View Details
    • $300,000

      Commercial Land in Downtown Noblesville

      Commercial land near Federal Hill Commons, White River, and downtown.
      265 John Street, Noblesville, IN 46060
      View Details
    • $645,000

      Noblesville Land in Cumberland Pointe

      1.96 acres of vacant land in high-demand commercial park.
      15380 Endeavor Drive, Noblesville, IN 46060
      View Details
    • $1,798,000

      Noblesville Land Development Opportunity

      25.69 acres of agricultural land in growing Noblesville area.
      16550 E 156th Street, Noblesville, IN 46060
      View Details
    • $299,900
      2,000 SF

      Historic Schoolhouse with Garden Potential

      Historic schoolhouse (built in 1898) with garden and redevelopment potential.
      14520 E State Road 38 E, Noblesville, IN 46060
      View Details
    • $599,900

      10-Acre Wooded Residential Lots

      Private, wooded 10-acre residential lots in Noblesville, Indiana.
      0 Cyntheanne Road, Noblesville, IN 46060
      View Details
    • $350,000

      Noblesville Duplex: Investment Opportunity

      Fully leased duplex in high-demand Noblesville location.
      1419 S 9th Street, Noblesville, IN 46060
      View Details
    • $475,000
      1,766 SF

      Mixed-Use Property in Noblesville, IN

      Mixed-use property featuring a home and pole barn.
      3849 E 216th Street, Noblesville, IN 46062
      View Details
    • $375,000

      Downtown Noblesville Corner Property

      Exceptional corner property in Downtown Noblesville, ideal for professional offices.
      285 John St, Noblesville, IN
      View Details
    • $399,000

      Historic Noblesville Manufacturing Opportunity

      Versatile industrial property with historic significance in a growing community.
      16506 Strawtown Ave, Noblesville, IN
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4-acre residential lot with well, suitable for building.
    Where is this residential land & home lot located?
    The property is located at 11891 E 196th Street Noblesville, IN.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: 4‑acre parcel provides ample space to build a custom dream home; Newer well already installed on the property; Basement lot offers potential for specific architectural designs
    (317) 844-5111
    We can help!
    Listing Contact
    Robert Fernandez
    Real Estate License ID: RB19000265
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!