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

    15055 Gray Rd Noblesville, IN 46062

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    20 acres of highly visible land in Noblesville, Indiana.

    Lot size:
    19.32 Acres

    Property Features for 15055 Gray Rd

    General Information

    Standard status
    Active
    Lot size
    19.32 Acres

    We can help!

    Listing Contact
    Derek Manis
    Source: Crexi

    Listing Agency: FC Tucker Co., Inc Listing Agent: Derek Manis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Land in Growth Corridor

    This offering presents an opportunity to acquire approximately 20 acres of land situated in a growth corridor. The parcel is surrounded by established residential and commercial developments and benefits from existing infrastructure, daily traffic, and nearby amenities. The land is largely level and expansive, making it suitable for development. The property's location and visibility enhance its strategic appeal and future potential. Proceeds from the sale will fund animal welfare, with significant donations to Hamilton County Humane Society and The Animal Protection League.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Noblesville
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.0872164
    Latitude
    40.0065872

    Nearby Similar for Sale

    • $590,400
      2,460 SF

      Flex Space in Bergen Business Park

      Premium end unit near Hamilton Town Center and I-69.
      14226 Bergen Blvd, Noblesville, IN 46060
      View Details
    • $1,159,200
      5,040 SF

      Noblesville Flex Space Opportunity

      5,040 SF flex space near Hamilton Town Center.
      14214 Bergen Blvd, Noblesville, IN 46060
      View Details
    • $350,000
      Pending

      Noblesville Duplex: Investment Opportunity

      Fully leased duplex in high-demand Noblesville location.
      1419 S 9Th St, 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
    • $475,000
      1,766 SF

      Mixed-Use Property in Noblesville, IN

      Mixed-use property featuring a home and pole barn.
      3849 E 216Th St, 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 46060
      View Details
    • $509,000

      Historic Noblesville Manufacturing Opportunity

      Versatile industrial property with historic significance in a growing community.
      16506 Strawtown Ave, Noblesville, IN 46060
      View Details
    • $2,500,000
      1,136 SF

      Noblesville Ranch and Farm Land

      40-acre ranch and farm land with 1136 sqft property.
      18483 Mallery Rd, Noblesville, IN 46060
      View Details
    • Contact for pricing

      Corporate Leased School in Noblesville

      20-year corporate lease in high-growth Indianapolis suburb.
      250 S Harbour Dr, Noblesville, IN 46062
      View Details
    • $350,000
      1 SF

      Noblesville Mixed-Use Investment Opportunity

      6.4 Acres, Multiple Units Available
      14358 Bergen Blvd, Noblesville, IN 46060
      View Details
    • $340,000
      2.06 Acres

      Noblesville Commercial Land - 2 Acres

      Prime Hamilton County location, zoned for diverse businesses.
      14076 Cyntheanne Rd, Noblesville, IN 46060
      View Details
    • Contact for pricing
      3,725 SF

      Noblesville Retail Investment Opportunity

      NNN leased retail property in prime Noblesville corridor.
      17833 Foundation Dr, Noblesville, IN 46060
      View Details

    FAQs

    What type of property is this?
    Commercial land - 20 acres of highly visible land in Noblesville, Indiana.
    Where is this commercial land located?
    The property is located at 15055 Gray Rd Noblesville, IN.
    What are key features of this property?
    This property features: - 20 acres of prime, highly visible land in a top growth corridor.; - Ideal for institutional, educational, mixed-use, or planned projects.; - Surrounded by established residential and commercial developments with strong infrastructure.
    Request Owner's contact information
    15055 Gray Rd Noblesville, IN 46062
    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.
    15055 Gray Rd
    Noblesville, IN 46062
    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
    15055 Gray Rd Noblesville, IN 46062
    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
    Derek Manis
    Real Estate License ID: RB14023732
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!