Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Balsam Ln, New Carlisle, IN 46552

    View on Map
    For Sale
    Contact for pricing

    Two parcels of land ready for development in Hudson Lake.

    Lot size:
    0.32 Acres
    Added:
    Dec 19, 2025
    Days on Market:
    162
    Last Refresh:
    May 29 at 2:38 pm

    Property Features for Balsam Ln

    General Information

    Standard status
    Active
    Property type
    Land, Residential land & home lots
    Lot size
    0.32 Acres

    We can help!

    Listing Contact
    Deborah Vance
    Deborah Vance

    Listing agent Deborah

    Listing office

    Listing date Dec 19, 2025

    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    New Carlisle
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.5554
    Latitude
    41.722217

    Nearby Similar for Sale

    • $4,602,500

      Prime Commercial Land Opportunity

      36.82 acres in established industrial park near major businesses.
      31890 Edison Road, New Carlisle, IN 46552
      View Details
    • $945,000

      Development Land in New Carlisle

      32 acres for residential development near future AWS campus.
      Approx 32 Acres N 850 E, New Carlisle, IN 46552
      View Details
    • $32,500

      Spacious Residential Lot in Subdivision

      0.78-acre lot in a lively New Carlisle subdivision.
      55420 Forest Cove Court, New Carlisle, IN 46552-8228
      View Details
    • $150,000

      3.9 Acres Corner Lot Land

      3.9 acres corner lot, ideal for homesite or development.
      0 US 20 Highway, New Carlisle, IN 46552
      View Details
    • $25,000

      Residential Lot in New Carlisle

      1.239 acre residential lot in a desirable New Carlisle area.
      E Chicago Road, New Carlisle, IN 46552
      View Details
    • $2,080,000
      10,296 SF

      Retail Investment Opportunity in Indiana

      10,296 SF retail building in a high-traffic area.
      8989 U.S. Highway 20, New Carlisle, IN 46552
      View Details
    • $445,000

      Commercial Land Development Opportunity

      Commercial land for sale with frontage on West Michigan.
      860 W Michigan St, New Carlisle, IN
      View Details
    • $75,000

      LAND - New Carlisle, IN

      N Hudson Blvd, New Carlisle, IN 46552
      View Details
    • $12,500

      LAND - New Carlisle, IN

      Pansy Ln, New Carlisle, IN 46552
      View Details
    • $475,000

      Mixed-Use Building with Drive-Thru

      Former bank building with drive-thru and customizable space.
      118 E Michigan Street, New Carlisle, IN 46552
      View Details
    • Contact for pricing

      Prime Industrial Land Opportunity

      43.5 acres of high-visibility land on SR 2.
      56160 Timothy Road, New Carlisle, IN 46552
      View Details
    • $15,167,750

      233 Acres Near Battery Plant

      Large land parcel near upcoming battery plant in New Carlisle.
      VL NW Corner Spruce Rd & Chicago, New Carlisle, IN 46552
      View Details

    FAQs

    What type of property is this?
    Land - Two parcels of land ready for development in Hudson Lake.
    Where is this land located?
    The property is located at Balsam Ln New Carlisle, IN.
    What is the asking price?
    The asking price for this property is Off market.
    (219) 221-5079
    We can help!
    Listing Contact
    Deborah Vance
    Deborah Vance
    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

    Thank You for Inquiry
    Balsam Ln, New Carlisle, IN 46552
    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!