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    5223 In-3 New Castle, IN 47362

    Sponsored
    For Sale
    Contact for pricing

    High-traffic location, multiple parcels available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a unique investment opportunity. Strategically located just north of I-70, exit 123, near New Castle, Indiana, this property boasts high visibility with an impressive 42,076 AADT. The listing encompasses three parcels totaling approximately 10.6 acres. Parcel 1, spanning 3.05 acres, is zoned HB1 (Highway Business 1). Parcels 2 and 3, totaling 8.55 acres, are zoned GB (General Business). Parcel 2, measuring 0.89 acres, is a former gas station with a state-issued NFA. This multi-parcel offering provides flexibility

    Property Features for 5223 In-3

    General Information

    Property type
    Land
    Lot Size
    38,768 SF

    HighLights

    • 10.6‑acre multi‑parcel commercial land offering near I‑70, Exit 123, New Castle, IN, boasting 42,076 AADT.
    • 3.05‑acre Parcel 1 zoned HB1 (Highway Business 1).
    • 0.89‑acre Parcel 2 zoned GB (General Business), former gas station with NFA.
    • 7.66‑acre Parcel 3 zoned GB (General Business). Parcel 1 can be purchased separately or with Parcels 2 & 3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Castle
    County
    Henry
    State
    Indiana
    Longitude
    -85.4109746
    Latitude
    39.8561426

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    FAQs

    What type of property is this?
    Land - High-traffic location, multiple parcels available.
    Where is this land located?
    The property is located at 5223 In-3 New Castle, IN.
    What are key features of this property?
    This property features: 10.6-acre multi-parcel commercial land offering near I-70, Exit 123, New Castle, IN, boasting 42,076 AADT.; 3.05-acre Parcel 1 zoned HB1 (Highway Business 1).; 0.89-acre Parcel 2 zoned GB (General Business), former gas station with NFA.
    (248) 721-1409
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    5223 In-3 New Castle, IN 47362
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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
    5223 In-3 New Castle, IN 47362
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