Technical
Financial
Distress signals
Property profile

4430 Charlestown Rd New Albany, IN 47150

OFF-MARKET
Strip malls
Property ID
US31-1582540
12,284 SF 0.81 ac lot Built 2005
Entity Owned Free & Clear
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Property summary

AI-generated overview

Matthews Center presents a unique retail investment opportunity in northeastern New Albany, Indiana. This vibrant commercial corridor boasts affluent demographics and high traffic volume, situated conveniently near major anchors such as Meijer's, Regal Cinemas, and Northside Christian Church (with over 10,000 members). The property offers a flexible space ranging from 500 to 8,450 contiguous square feet, currently entirely vacant. A total of 8,450 square feet of existing space is available for lease, alongside 3.04 acres and 0.5-acre outlots available for ground lease. The site features excellent visibility and convenient access from Charlestown Road, just one mile north of I-265, a key east-west connector in Southern Indiana. Ample parking is provided with 194 spaces. The property is zoned R-1 and its APN is 22-05-08-500-387.000-008. This location is ideal for a variety of uses, including restaurants, retail stores, banks, or medical offices, making it an attractive proposition for businesses seeking high visibility and strong foot traffic in a thriving community. The minimum divisible space is 500 square feet.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Construction TYPE NOT SPECIFIED
Total area 12,284 SF
Lot 0.81 ac (35,327 SF)
APN 22-05-08-500-387.000-008
UPID US31-1582540

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center

Location

4430 Charlestown Rd New Albany, IN 47150-9569
New Albany metro Census 71005 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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