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    4224 Mel Smith Rd New Albany, IN 47150

    Under Contract
    For Sale
    $425,000

    Cross Property - New Albany, IN

    Lot size:
    5.49 Acres
    Days on Market:
    222
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 4224 Mel Smith Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Commercial
    APN
    0084382003
    Lot size
    5.49 Acres

    Building Details

    Architectural style
    Other

    GreenTree Real Estate Services (502) 930-0727 [email protected]

    Listing agent Kelly Tillett (502) 930-0727

    Listing date Apr 28, 2025

    MLS# 2024010083 Listing URL

    Copyright © 2025 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    5.492 Acres in Growing Area

    This 5.492-acre wooded tract of land is situated in a growing part of New Albany, Indiana. The property is zoned for commercial use. Its location offers convenient access, being just minutes from I-265. Development of the land is subject to planning and zoning approval.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Church On the Rock Church

    Suggested Use

    Realty agency Dental Office Building Supply Clothing Store Gym & Fitness Wholesale Shop Auto Parts Store Kitchen & Bath Daycare Center Electronics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.811445
    Latitude
    38.361035

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    FAQs

    What type of property is this?
    Commercial land - Wooded land tract in a growing part of New Albany.
    Where is this commercial land located?
    The property is located at 4224 Mel Smith Rd New Albany, IN.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - 5.492 acre wooded tract; - Conveniently located in growing part of New Albany; - Minutes from I265
    (502) 930-0727
    Request Owner's contact information
    4224 Mel Smith Rd New Albany, IN 47150
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    New Albany, IN 47150
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    Realmo Value Estimation

    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.

    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.

    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
    4224 Mel Smith Rd New Albany, IN 47150
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