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    8000 New Harmony Rd Martinsville, IN 46151

    Pending
    For Sale
    $28,382,000

    Farm - Martinsville, IN

    Type:Farm
    Lot size:
    1,234.00 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 8000 New Harmony Rd

    General Information

    Property type
    Land
    Property subtype
    Farm
    Standard status
    Pending
    Zoning
    Agriculture, Residential
    APN
    551011200001000009
    Lot size
    1,234.00 Acres

    Utilities

    Water front features
    Creek, Stream, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Keller Williams Indianapolis Metro North (317) 846-6300 [email protected]

    Listing agent Halea Kopetsky (317) 846-6300 License #RB15001365

    Listing date Nov 11, 2025

    MLS# 22022009 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

    1234 Acre Development Opportunity

    This 1,234-acre property, featuring serene pastures, rolling hills, and lush dense forest, presents a development opportunity. It includes a 10,000 sq ft steel pole barn equipped with office space, a full kitchen, and a bathroom. The property contains two current structures and is ready to be divided into lots. Natural water features, including ponds and a creek, can assist in lot divisions. All agricultural rights, including timber and topsoil, transfer with the title. The property has easy access to I-69 and is located 10 minutes from Mallow Run Winery, 25 minutes from Morgan Monroe State Forest, and 35 minutes from Indianapolis. The zoning is Agriculture and Residential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.282642
    Latitude
    39.500652

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    FAQs

    What type of property is this?
    Farm - Large acreage near Martinsville, IN, ideal for development.
    Where is this farm located?
    The property is located at 8000 New Harmony Rd Martinsville, IN.
    What is the asking price?
    The asking price for this property is $28,382,000.
    What are key features of this property?
    This property features: - 1.234 acre property ideal for development with diverse landscape.; - Includes a **10,000 sq. ft. steel pole barn** with office space, kitchen, and bathroom.; - Agricultural rights transfer with the title.
    (317) 846-6300
    Request Owner's contact information
    8000 New Harmony Rd Martinsville, IN 46151
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    Martinsville, IN 46151
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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

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    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
    8000 New Harmony Rd Martinsville, IN 46151
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