Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    16300 191st St Noblesville, IN 46060-9231

    • Mobile home & RV parks
    • 1,156 SF
    • 18.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0295176
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Harris Hills / Mobile Home Park

    Property Details for 16300 191st St

    Year built
    1960
    Lot size
    18.00 lot acres
    Property size
    1,156 SF
    Property type
    Mobile home & RV parks
    APN
    29-08-29-000-029.000-016
    APU
    290829000029000016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Noblesville
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.8726
    Latitude
    40.069
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,279
    $204,700
    $38,400
    $243,100
    -
    $204,700
    $38,400
    $243,100

    Comparable in this City

    • Value Estimation by Request
      1.04 Acres

      13888 State Rd 32nd E

      MOBILE HOME PARK, TRAILER PARK • 1.04 Acres
      13888 State Rd 32nd E, Noblesville, IN 46060-8858
      View Details
    • Value Estimation by Request
      3.17 Acres

      12581 Strawtown Ave

      MOBILE HOME PARK, TRAILER PARK • 3.17 Acres
      12581 Strawtown Ave, Noblesville, IN 46060-6968
      View Details
    • Value Estimation
      $4,050,000
      1,200 SF

      300 Nixon St

      MOBILE HOME PARK, TRAILER PARK • 1,200 SF
      300 Nixon St, Noblesville, IN 46060-1403
      View Details
    • Value Estimation by Request
      1.07 Acres

      13900 State Rd 32nd 7th E Lot, Unit 7

      MOBILE HOME PARK, TRAILER PARK • 1.07 Acres
      13900 State Rd 32nd 7th E Lot, Noblesville, IN 46060-8859
      View Details
    • Value Estimation by Request
      1.17 Acres

      21695 State Rd 37th N

      CAMPGROUND, RV PARK • 1.17 Acres
      21695 State Rd 37th N, Noblesville, IN 46060-6952
      View Details
    • Value Estimation
      $3,900,000
      1.00 Acre

      300 Nixon St

      MOBILE HOME PARK, TRAILER PARK • 1.00 Acre
      300 Nixon St, Noblesville, IN 46060-1403
      View Details

    Similar Nearby for Sale

    • $350,000
      Pending

      Noblesville Duplex: Investment Opportunity

      Fully leased duplex in high-demand Noblesville location.
      1419 S 9Th St, Noblesville, IN 46060
      View Details
    • $1,300,000

      Noblesville Residential Land - $1.3M

      Prime 2.95-Acre Residential Lot, Great Redevelopment Potential
      14098 Marilyn Rd, Noblesville, IN 46060
      View Details
    • Contact for pricing
      1.06 Acres

      Noblesville Commercial Land - Prime Location

      High-traffic retail lot, excellent visibility.
      0 146Th St, Noblesville, IN 46060
      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
    • $12,500,000
      37,173 SF

      Class A Office Building

      Modern 37,173 SF office building in Noblesville, Indiana.
      350 Westfield Rd, Noblesville, IN 46060
      View Details
    • Contact for pricing

      Noblesville Commercial Land - 27 Acres

      Prime Noblesville location, I-69 access, development ready.
      141st St & Olio Rd, Noblesville, IN 46060
      View Details

    Similar Nearby for Lease

    • $1,950 /Mo
      1,730 SF

      Spacious Condo in Hamilton County

      Two-bedroom condo with modern amenities and convenient location.
      9713 Springcress Dr, Noblesville, IN 46060
      View Details
    • Contact for pricing
      14,652 SF

      Noblesville Warehouse Space Available

      ±8,569 SF Warehouse Space in Noblesville, IN
      15470 Endeavor Dr, Noblesville, IN 46060
      View Details
    • Contact for pricing
      201,432 SF

      Noblesville Warehouse Space Available

      201,432 SF warehouse space for lease in Noblesville, Indiana.
      14469 Olio Rd, Noblesville, IN 46060
      View Details
    • $13 SF/Yr
      1,000 SF

      Noblesville Flex Space For Rent

      1,000 SF flex space with 20' clear height.
      15295 Endeavor Dr, Noblesville, IN 46060
      View Details
    • $35 SF/Yr
      10,200 SF

      Noblesville Office Space Available

      Office space available for lease in Noblesville, Indiana.
      230 Conner St, Noblesville, IN 46060
      View Details
    • $35 SF/Yr
      30,600 SF

      Noblesville Executive Office Space

      Class A Office, 30,600 SF Available
      242 Westfield Rd, Noblesville, IN 46060
      View Details
    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.
    16300 191st St
    Noblesville, IN 46060-9231
    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

    Google sign-in failed. Please try again or use another login method.