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    640 Birk Rd Martinsville, IN 46151

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    For Lease
    Contact for pricing

    2,521 SF retail space available for sublease.

    Property size:
    2,521 SF
    Lot size:
    0.98 Acres

    Property Features for 640 Birk Rd

    General Information

    Size
    2,521 SF
    Lot size
    0.98 Acres

    Source: Veritas Realty Agent Shannon Hunt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Available For Sublease

    This 2,521 SF retail space is available for sublease with a significant term remaining. It is located in Walmart-anchored outlot shops that underwent new renovations completed in 2021. The property features an interstate pylon sign with available panel(s) and billboard visibility to I-69, which sees 32,316 cars per day, with access to two different I-69 interchanges. The location is across from Martinsville High School with 1,487 students and IU Health Morgan with 265 employees. Martinsville is the county seat of Morgan County, which has a population of 70,116 and is situated between Indianapolis and Bloomington, IN.
    Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.409275
    Latitude
    39.4185108

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    FAQs

    What type of property is this?
    Strip mall - 2,521 SF retail space available for sublease.
    Where is this strip mall located?
    The property is located at 640 Birk Rd Martinsville, IN.
    What are key features of this property?
    This property features: - Billboard visibility to I-69 (32,316 cars per day) and access to two I-69 interchanges.; - Located in a Walmart anchored outlot shops with new renovations completed in 2021.; - **2,521 SF available for sublease with significant term remaining.**
    (317) 472-1800
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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

    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
    640 Birk Rd Martinsville, IN 46151
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