Sign Up Successful!
You now have access to more from Realmo!
    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

    Eugene Ct, Unit 19 Aurora, IN 47001

    Sponsored
    For Sale
    $320,000

    LAND - Aurora, IN

    Lot size:
    20.28 Acres
    Days on Market:
    111
    Last Refresh:
    Feb 2 at 9:06 pm

    Property Features for Eugene Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    15-08-12-100-195.000-019
    Lot size
    20.28 Acres

    We can help!

    Listing Contact
    Deborah Lakin

    Lohmiller Real Estate (812) 584-6880

    Listing agent Deborah Lakin

    Listing date Oct 15, 2025

    MLS# 206176 Listing URL

    Copyright © 2026 Southeastern Indiana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wooded Acreage in Aurora, Indiana

    This property features 20.28 acres of wooded land located in Sangri-La Estates, Manchester, Indiana. The site includes paths through a wildlife sanctuary, creeks, and mature timber. Water and electric utilities are available at the street. There are two approved septic sites and no Home Owners Association. Building covenants and additional information are available. The property has multiple potential building sites.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Aurora
    County
    Dearborn
    State
    Indiana
    Longitude
    -84.903463
    Latitude
    39.129096

    Nearby Similar for Sale

    • $785,000
      50,000 SF

      Former School Redevelopment Opportunity

      Expansive 15-acre campus with adaptive reuse potential.
      9387 Sr 48, Aurora, IN 47001
      View Details
    • New
      $799,000
      0.99 Acres

      Turnkey Restaurant with Waterfront Access

      Turnkey restaurant with deep water access and high visibility location.
      617 Green Blvd, Aurora, IN 47001
      View Details
    • $309,900
      0.13 Acres

      Turn-Key Restaurant with Apartments

      Turn-key pizza restaurant with additional retail and apartment income.
      327 2Nd St, Aurora, IN 47001
      View Details
    • $288,500
      0.64 Acres

      Historic Aurora Office Building For Sale

      Historic building in Aurora, Indiana, suitable for various businesses.
      724 Green Blvd, Aurora, IN 47001
      View Details
    • New
      $450,000
      41.00 Acres

      Aurora, Indiana Marina Opportunity

      41-acre marina property on the Ohio River.
      Green Blvd, Aurora, IN 47001
      View Details
    • $1,499,900
      1.69 Acres

      Aurora Commercial Investment Opportunity

      High-traffic location, three buildings, 1.69 acres.
      541 Green Blvd, Aurora, IN 47001
      View Details
    • $439,900
      0.65 Acres

      Aurora Commercial Building & Land

      Prime Aurora location, over 9500 sq ft.
      203 3Rd St, Aurora, IN 47001
      View Details
    • $180,000
      0.56 Acres

      Aurora Restaurant/Office Opportunity

      Prime Aurora location, versatile space, huge potential.
      501 George St, Aurora, IN 47001
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 20+ acre wooded residential land with building potential.
    Where is this residential land & home lot located?
    The property is located at Eugene Ct, Unit 19 Aurora, IN.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - 20 acres of beautifully wooded land offering privacy and natural beauty.; - Two approved septic sites, simplifying the building process.; - Water and electric available at the street, providing essential utilities.
    (812) 537-1023
    Request Owner's contact information
    Eugene Ct, Unit 19 Aurora, IN 47001
    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.
    Eugene Ct, Unit 19
    Aurora, IN 47001
    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
    Eugene Ct, Unit 19 Aurora, IN 47001
    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

    We can help!
    Listing Contact
    Deborah Lakin
    Real Estate License ID: RB22000109
    (812) 537-1023
    Learn more
    Google sign-in failed. Please try again or use another login method.