Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    S County Rd 125 W New Castle, IN 47385

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Strategically located property with General Business and Highway Business zoning.

    Type:Land
    Added:
    Apr 29, 2024
    Days on Market:
    718
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for S County Rd 125 W

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Jass Samra

    Listing agent Jass Samra License #Indiana

    Listing office KW Commercial Indy Metro Northeast

    Listing date Apr 29, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Indy Metro Northeast

    Overview

    Spiceland/New Castle Commercial Opportunity

    This property, located off HWY 70 in the Spiceland/New Castle area, presents a commercial opportunity with General Business (GB) and Highway Business (HB) zoning. This dual zoning designation offers versatility for commercial development. Permitted uses include retail, restaurants, office space, hotels, fueling stations, and medical facilities. The site is situated on a high-traffic corridor near HWY 70, providing visibility, accessibility, and connectivity. This site presents an opportunity for entrepreneurs and investors to benefit from future growth and expanding development in the area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    New Castle
    County
    Henry
    State
    Indiana
    Longitude
    -85.409631
    Latitude
    39.916327

    Nearby Similar for Sale

    • $15,999

      Wooded Residential Lot in New Castle

      Serene 0.55-acre wooded lot with city access.
      00 N Main 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
    • $263,000

      Prime Commercial Development Opportunity

      4-acre corner parcel in growing mixed-use corridor.
      0001 Emerson Ave, New Castle, IN 47362
      View Details
    • $1,500,000

      Land Near I-70 Interchange

      Spacious land parcel near I-70, suitable for various developments.
      E County Road 400 S, New Castle, IN
      View Details
    • $15,999

      Land For Sale

      Land available for sale in New Castle, Indiana.
      00 N Main Street, New Castle, IN 47362
      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
    • Contact for pricing

      Land Parcels Near I-70

      Three land parcels totaling 10.6 AC near I-70.
      5223 IN-3 , New Castle, IN
      View Details
    • Contact for pricing

      Land Parcels Near I-70

      Three land parcels totaling 10.6 AC near I-70.
      5223 IN-3, New Castle, IN
      View Details
    • Contact for pricing

      Land Parcels Near I-70

      Three land parcels totaling 10.6 acres with I-70 visibility.
      5223 IN-3, New Castle, IN 47362
      View Details
    • $250,000

      Commercial Land on Memorial Drive

      1.20 acre commercial development land with high visibility.
      N Memorial Dr, New Castle, IN 47362
      View Details
    • $125,000

      Commercial Development Lots in New Castle

      Commercial development lots with high visibility in established commercial corridor.
      000 Wittenbraker Avenue, New Castle, IN 47362
      View Details

    FAQs

    What type of property is this?
    Commercial land - Strategically located property with General Business and Highway Business zoning.
    Where is this commercial land located?
    The property is located at S County Rd 125 W New Castle, IN.
    What are key features of this property?
    This property features: Dual GB/HB zoning allows for diverse commercial uses.; Located on a high‑traffic corridor near HWY 70, providing excellent visibility and accessibility.; Strong investment potential due to zoning flexibility and future growth.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jass Samra
    Real Estate License ID: Indiana
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!