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    4441 Reas Ln New Albany, IN 47150

    Picture of Land at Reas Ln 4441, New Albany, IN
    Under Contract
    For Sale
    $2,500,000

    Cross Property - New Albany, IN

    Lot size:
    97.38 Acres
    Days on Market:
    809
    Last Refresh:
    Dec 5 at 7:06 am

    Property Features for 4441 Reas Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    22050100002100007
    Lot size
    97.38 Acres

    Building Details

    Architectural style
    Other

    Baker Commercial Real Estate (812) 285-0900 [email protected]

    Listing agent Jim Baker (812) 285-0900

    Listing date Sep 19, 2023

    MLS# 202308434 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

    97.38 Acres in New Albany

    This 97.38-acre site, located near the New Albany Industrial Park, offers development potential for industrial or residential use. The property has close access to I-265 at Grantline Road. The site also contains a considerable amount of marketable timber. Potential development plans as a residential or industrial subdivision are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.836023
    Latitude
    38.352883

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    FAQs

    What type of property is this?
    Land - 97.38 acre site suitable for industrial or residential development.
    Where is this land located?
    The property is located at 4441 Reas Ln New Albany, IN.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - 97.38 acre site suitable for industrial or residential development.; - Excellent location near New Albany Industrial Park.; - Close access to I-265 at Grantline Road.
    (812) 285-0900
    Request Owner's contact information
    4441 Reas Ln 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
    4441 Reas Ln New Albany, IN 47150
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