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    5363 W State Road 38 New Castle, IN 47362

    For Sale
    $249,900

    Industrial - New Castle, IN

    Type:Industrial
    Property size:
    7,250 SF
    Lot size:
    0.33 Acres
    Days on Market:
    154
    Last Refresh:
    Dec 11 at 11:06 pm

    Property Features for 5363 W State Road 38

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    Zoning
    commercial
    APN
    331103400133000014
    Size
    7,250 SF
    Lot size
    0.33 Acres

    Building Details

    Year built
    1977
    Architectural style
    Other

    TurnKey Realty of Indiana, LLC (317) 498-7847 [email protected]

    Listing agent Brittany Burke (317) 318-9525 License #RB14038357

    Listing date Jul 11, 2025

    MLS# 22012132 Listing URL

    Copyright © 2025 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.

    Overview

    Versatile Industrial Property Near New Castle

    This industrial property, located near New Castle, Indiana, offers 6,000 square feet of industrial space and 1,250 square feet of office or apartment space. Situated on State Road 38, it provides accessibility and is also located minutes from I69 and I70. The property is suitable for various business ventures, including manufacturing and warehousing. The office or apartment space can function as a workspace or living quarters for on-site management. The total living area is 7,250 square feet, situated on a 0.33-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Map

    City
    New Castle
    County
    Henry
    State
    Indiana
    Longitude
    -85.48716
    Latitude
    39.950914

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    FAQs

    What type of property is this?
    Industrial property - Industrial building with office/apartment space near New Castle, Indiana.
    Where is this industrial property located?
    The property is located at 5363 W State Road 38 New Castle, IN.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - 6,000 sq. ft. of industrial space suitable for manufacturing, warehousing, and more; - Features 1,250 sq. ft. of office/apartment space for workspace or on-site living; - Located minutes from New Castle on SR 38
    (317) 318-9525
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    New Castle, IN 47362
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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
    5363 W State Road 38 New Castle, IN 47362
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