Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Aurora, Indiana Title is generated by Realmo AI

    Lower Dillsboro Road, Aurora, IN 47001

    View on Map
    Claim this Listing
    For Sale
    $48,500

    LAND - Aurora, IN

    Lot size:
    5.51 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    32
    Last Refresh:
    May 31 at 5:06 pm

    Property Features for Lower Dillsboro Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    15-07-31-300-005.003-002
    Lot size
    5.51 Acres

    Utilities

    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Jeff McGownd

    Listing agent Jeff McGownd

    Listing office Keller Williams Realty Services 118 Walnut Street, Florence, IN

    Listing date Apr 30, 2026

    MLS# 207356 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.

    HighLights

    • 5+ acre property offering privacy and potential.
    • Partially wooded land with open space.
    • Water and electric available on the property.
    • Creek access across the road.
    • Desirable location on Lower Dillsboro Road in Aurora, IN.
    • Opportunity to build a dream home or invest for the future.

    Overview

    This 5+ acre property on Lower Dillsboro Road in Aurora, IN, offers a mix of partially wooded land and open space, providing a setting for privacy. Creek access is available across the road. Water and electric are available. The property is located in Dearborn County, Indiana, and has a residential zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Aurora
    County
    Dearborn
    State
    Indiana
    Longitude
    -84.929663
    Latitude
    39.04849

    Nearby Similar for Sale

    • $259,900
      2,607 SF

      Well-Maintained Triplex in Aurora, Indiana

      Three-unit property with stable rental income and long-term tenants.
      580 Indiana Avenue, Aurora, IN 47001
      View Details
    • $35,000
      1,980 SF

      Aurora Investment Property with Potential

      Duplex with triplex conversion potential, ideal for renovation.
      129 W Conwell, Aurora, IN 47001
      View Details
    • $399,000

      Aurora Marina Opportunity on Ohio River

      41-acre marina property on the Ohio River in Aurora, Indiana.
      Green Boulevard, Aurora, IN 47001
      View Details
    • $330,000
      2,420 SF

      New Luxury Duplex in Aurora

      New construction duplex with attached garages. One unit leased.
      190 Powers, Aurora, IN 47001
      View Details
    • $45,000

      Residential Land in Aurora, Indiana

      Double lot in a quiet cul-de-sac, ready for building.
      Schipper Court, Aurora, IN 47001
      View Details
    • $22,500

      Residential Lot in Aurora, Indiana

      Residential building lot in a sought-after Aurora neighborhood.
      Indian Ridge Drive, Aurora, IN 47001
      View Details
    • $125,000

      7.4 Acres with Creek Frontage

      7.4 acres with creek frontage and valley views in Aurora.
      7690 Hartford Pike, Aurora, IN 47001
      View Details
    • $320,000

      Wooded Acreage in Aurora, Indiana

      20+ acre wooded residential land with building potential.
      Eugene lot: 19, Aurora, IN 47001
      View Details
    • $1,025,000

      Aurora Commercial Land For Sale

      High-visibility commercial land near US 50 and major retailers.
      Links Way lot: 8, Aurora, IN 47001
      View Details
    • $449,900

      46.7 Acres with Creek Frontage

      46.7 acre lot with creek frontage for recreation.
      1 Hartford Pike, Aurora, IN 47001
      View Details
    • $200,000

      Land with Overlook in Aurora

      Residential land with amazing views overlooking Aurora and the Ohio River.
      12431 Siemantel Avenue lot: 90-92, Aurora, IN 47001
      View Details
    • $124,000

      Residential Land in Aurora, Indiana

      Spacious lots for custom homes with utilities available.
      4 Plano Trail Lane lot: 4, Aurora, IN 47001
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5+ acre residential land with utilities in Aurora, Indiana.
    Where is this residential land & home lot located?
    The property is located at Lower Dillsboro Road Aurora, IN.
    What is the asking price?
    The asking price for this property is $48,500.
    What are key features of this property?
    This property features: 5+ acre property offering privacy and potential.; Partially wooded land with open space.; Water and electric available on the property.
    (859) 240-0727
    We can help!
    Listing Contact
    Jeff McGownd
    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
    Lower Dillsboro Road, Aurora, IN 47001
    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!