Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Mixed-Use Commercial Property Title is generated by Realmo AI

    1334 Broad Street, New Castle, IN 47362

    View on Map
    Claim this Listing
    New
    For Sale
    $179,000

    Mixed Use - New Castle, IN

    Type:Mixed Use
    Property size:
    4,630 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $38/SF
    Added:
    May 20, 2026
    Days on Market:
    4
    Last Refresh:
    May 23 at 4:06 am

    Property Features for 1334 Broad Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Zoning
    C1 Local Business
    Parking features
    On Street
    Standard status
    Active
    APN
    331210440233000016
    Size
    4,630 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Jon Kindred

    Listing agent Jon Kindred License #RB16000524

    Listing office Real Broker, LLC Lantern Rd Ste 275, INDIANAPOLIS, IN

    Listing date May 20, 2026

    MLS# 22103121 Listing URL

    Copyright © 2026 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.

    HighLights

    • Prime downtown location on Broad Street with excellent visibility and accessibility.
    • Versatile commercial property suitable for various business opportunities.
    • Dual access from Broad Street and Fleming Street.
    • Substantial 4,630 SF + basement.
    • Includes a second‑floor apartment with private entry and downtown views.
    • Recent updates to roof, second story windows, electrical, HVAC, and facade.

    Overview

    Located in downtown New Castle on Broad Street, this mixed-use commercial property offers visibility and accessibility with access from both Broad Street and Fleming Street. The property has a total of 4,630 square feet plus a basement. The main floor includes a front unit with 2,165 square feet, a large display room, an office or storage room, a half bath, and basement access. The rear unit offers 1,300 square feet with a warehouse-style area, an office or storage room, a half bath, and a separate entrance. A second-floor apartment with a private entry offers views of downtown Broad Street, four rooms, and a half bathroom. Recent updates include the roof, second-story windows, electrical, HVAC, and facade. The property is zoned C1 Local Business and sits on a lot of 0.08 acres. The unique setup makes this property ideal for a variety of business opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Henry
    State
    Indiana
    Longitude
    -85.369486
    Latitude
    39.931521

    Nearby Similar for Sale

    • $74,900

      Mechanic Shop with Office Space

      Mechanic shop with office, car lot, or retail potential.
      2710 Broad Street, New Castle, IN 47362
      View Details
    • $175,000
      5,490 SF

      Multi-Family 5+ - New Castle, IN

      2702 Broad Street, New Castle, IN 47362
      View Details
    • $1,920,000
      760 SF

      Scooter’s Coffee NNN Asset

      760 SF Scooter’s Coffee absolute NNN asset for sale.
      1705 S Memorial Dr, New Castle, IN
      View Details
    • $69,500
      8,102 SF

      Mechanic Shop with Office Space

      Mechanic shop with office, bathroom, and parking. Endless possibilities.
      2710 Broad Street, New Castle, IN 47362
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Downtown New Castle property with retail, warehouse, and apartment.
    Where is this mixed-use property located?
    The property is located at 1334 Broad Street New Castle, IN.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: Prime downtown location on Broad Street with excellent visibility and accessibility.; Versatile commercial property suitable for various business opportunities.; Dual access from Broad Street and Fleming Street.
    (765) 465-9409
    We can help!
    Listing Contact
    Jon Kindred
    Real Estate License ID: RB16000524
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1334 Broad Street, New Castle, IN 47362
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!