Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Carmel Residential Lots For Sale Title is generated by Realmo AI

    912 W Auman Drive, Carmel, IN 46032

    View on Map
    Claim this Listing
    Pending
    $435,000

    Residential Lots - Carmel, IN

    Property size:
    960 SF
    Lot size:
    0.32 Acres
    Added:
    Feb 23, 2026
    Days on Market:
    97
    Last Refresh:
    May 31 at 3:06 pm

    Property Features for 912 W Auman Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Pending
    APN
    291031102015000018
    Size
    960 SF
    Lot size
    0.32 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    James Miller
    James Miller

    Listing agent James Miller License #RB15000046

    Listing office Trueblood Real Estate North Street Suite 350, Fishers, IN

    Listing date Feb 23, 2026

    MLS# 22085017 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.

    HighLights

    • New build lot in downtown Carmel's hottest redevelopment area (Auman Subdivision).
    • Walking/biking distance to restaurants, shopping, community events in downtown Carmel.
    • Close proximity to the new $300 million Gramercy and Marketplace mixed‑use development.
    • Large lot size: 75' x 183' (.32 acre) suitable for a sizable home and backyard living space.
    • Buyer can choose their own builder.
    • Existing detached three‑car garage.

    Overview

    This property presents an opportunity to own a new build lot within the Auman Subdivision, situated in downtown Carmel. The location provides convenient access to restaurants, shopping, community events, and other amenities. The property is near the upcoming Gramercy and Marketplace mixed-use development. The lot measures 75' x 183', totaling 0.32 acres, offering space for a home and backyard living area. An existing 960 square foot home with three bedrooms and one bath is present on the property, but is not available for interior showings. The home includes an attached one-car garage and a detached three-car garage and is built on a slab. Buyers have the option to select their own builder.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.122096
    Latitude
    39.96774

    Nearby Similar for Sale

    • $4,200,000
      12,385 SF

      Renovated Commercial Building in Carmel

      Fully renovated 12,385 SF commercial building for sale in Carmel.
      10455 N College Avenue, Carmel, IN 46280
      View Details
    • $799,900

      Carmel Commercial Land in Weston

      Prime commercial lot in high-growth Carmel location.
      0 Weston Pointe Drive, Carmel, IN 46032
      View Details
    • $1,000,000

      Residential Lot on Crooked Stick

      Residential lot available on Crooked Stick Golf Course.
      10837 Thunderbird Drive, Carmel, IN 46032
      View Details
    • $199,000

      Carmel Residential Lot Opportunity

      0.53-acre residential lot in Carmel, build your dream home!
      10307 Orchard Park Drive S, Carmel, IN 46280
      View Details
    • $750,000

      Carmel Residential Lots For Sale

      Prime residential land in a desirable Carmel location.
      320 2nd Street NE, Carmel, IN 46032
      View Details
    • $1,495,000

      Carmel Arts District Corner Lot

      Prime corner lot in Carmel's Arts & Design District.
      41 1st Avenue SW, Carmel, IN 46032
      View Details
    • Contact for pricing

      Carmel Retail Outlots on 146th

      2.7± acres available in a walkable, connected community.
      7249 E 146th St, Carmel, Indiana 46033
      View Details
    • $11,000,000
      84,963 SF

      Two-Building Office Portfolio in Carmel

      Two-building office portfolio totaling ±84,963 RSF on 7.64 acres.
      11405-11495 N Pennsylvania St, Carmel, IN
      View Details
    • $4,250,000
      18,138 SF

      Carmel Office Building For Sale

      18,138 SqFt office building in Carmel, Indiana.
      695 Pro-Med Ln, Carmel, IN 46032
      View Details
    • $9,750,000

      Carmel Office Building For Sale

      Office building for sale in Carmel, Indiana.
      10 W 106th St, Carmel, IN 46032
      View Details
    • $4,250,000
      1,760 SF

      Furnished Office Space For Rent

      Turnkey, furnished office space with secure access and pond views.
      695 Pro Med Ln, Carmel, IN
      View Details
    • $3,250,000
      14,018 SF

      Carmel Office/Flex Building For Sale

      14,018 SF office/flex building in Carmel's business corridor.
      11690 Technology Dr, Carmel, IN 46032
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lots in downtown Carmel redevelopment area, close to amenities.
    Where is this residential land & home lot located?
    The property is located at 912 W Auman Drive Carmel, IN.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: New build lot in downtown Carmel's hottest redevelopment area (Auman Subdivision).; Walking/biking distance to restaurants, shopping, community events in downtown Carmel.; Close proximity to the new $300 million Gramercy and Marketplace mixed‑use development.
    (317) 409-8777
    We can help!
    Listing Contact
    James Miller
    James Miller
    Real Estate License ID: RB15000046
    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

    Thank You for Inquiry
    912 W Auman Drive, Carmel, IN 46032
    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!