Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Avon, IN Unimproved Land Title is generated by Realmo AI

    0 Schrier Drive, Avon, IN 46123

    View on Map
    Claim this Listing
    For Sale
    $55,000

    Unimproved Land - Avon, IN

    Type:Unimproved Land
    Lot size:
    0.46 Acres
    Added:
    May 14, 2026
    Days on Market:
    9
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 0 Schrier Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Zoning
    L1
    Standard status
    Active
    APN
    320907215002000022
    Lot size
    0.46 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Todd Cook
    Todd Cook

    Listing agent Todd Cook License #RB14049099

    Listing office Keller Williams Indy Metro S N Emerson Ave Ste 300, Greenwood, IN

    Listing date May 14, 2026

    MLS# 22102191 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

    • Convenient location in a quiet neighborhood.
    • Zoned Light Industrial, offering potential for diverse usage (subject to due diligence).
    • Construction of single or two‑family dwellings is permitted.
    • Not annexed by the City of Avon, under Hendricks County jurisdiction.
    • Nice sized lot.
    • Existing residential homes in the area.

    Overview

    This is a nice-sized lot situated in a quiet neighborhood. The location is suitable for future development plans. The property is zoned Light Industrial (L1). The construction of single or two-family dwellings are allowed, but a permanent foundation must be in place. The neighborhood is under Hendricks County jurisdiction and has not been annexed by the City of Avon. The lot size is 0.46 acres and is located in Avon, Indiana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Avon
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3519597
    Latitude
    39.7615914

    Nearby Similar for Sale

    • $1,499,000
      8,320 SF

      Medical Office Building For Sale

      Solid brick building with medical and legal office spaces.
      7376 Business Center Drive, Avon, IN 46123
      View Details
    • $642,600

      Avon Land for Sale

      10.71 acre agricultural-zoned land available in Avon, Indiana.
      0 County Road 100, Avon, IN 46123
      View Details
    • $649,000

      Avon, Indiana Residential Development Land

      Four acre residential development opportunity in Avon, Indiana.
      8505 E County Road 100 N, Avon, IN 46123
      View Details
    • $3,524,000
      3,020 SF

      New Chipotle with Drive-Thru

      New 15-year NNN lease Chipotle with drive-thru.
      7518 Beechwood Centre Rd, Avon, IN
      View Details
    • $8,700,000
      21,923 SF

      Healthcare Facility Ready For Redevelopment

      Vacant 21,923 SF healthcare facility suitable for redevelopment.
      10241 E County Road 100 N, Avon, IN
      View Details
    • $3,600,000

      9.5-Acre Development Opportunity in Avon

      Premier land parcel for mixed-use, retail, or multifamily development.
      5283 East Main Street, Avon, IN 46123
      View Details
    • $1,995,500
      3,800 SF

      Avon Industrial Development Opportunity

      6.2-acre I-2 zoned parcel with renovated industrial building.
      8369 Kingston Street, Avon, IN
      View Details
    • $1,995,500

      Avon Land For Sale

      Land available in Avon, Indiana.
      8369 Kingston Street S, Avon, IN 46123
      View Details
    • $1,350,000
      7,839 SF

      Retail Space in Busy Corridor

      Retail property in a busy area with ample parking.
      7400 Business Center Dr, Avon, IN
      View Details
    • $225,500

      Avon Avenue Commercial Land

      Commercial land for sale in Avon, Indiana.
      891 N avon avenue, Avon, IN
      View Details
    • Contact for pricing

      Avon Land for Sale

      One acre of land with immediate highway access.
      8550 Kingston St, Avon, IN
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land with dual signalized entry in Avon, Indiana.
      204 Avon Village Dr, Avon, IN
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved land in a quiet Avon neighborhood.
    Where is this land located?
    The property is located at 0 Schrier Drive Avon, IN.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Convenient location in a quiet neighborhood.; Zoned Light Industrial, offering potential for diverse usage (subject to due diligence).; Construction of single or two‑family dwellings is permitted.
    (317) 882-5900
    We can help!
    Listing Contact
    Todd Cook
    Todd Cook
    Real Estate License ID: RB14049099
    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
    0 Schrier Drive, Avon, IN 46123
    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!