Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Blue Blf Road/Lincoln Hl Rd Martinsville, IN 46151

    • Land
    • 159.27 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Blue Blf Road/Lincoln Hl Rd

    Lot size
    159.27 lot acres
    Property type
    Land

    Description

    This exceptional 159.27-acre commercial land parcel presents a unique investment opportunity in Martinsville, Indiana. Strategically located near Interstate I-69, this property offers convenient access to major transportation routes, placing it within a 25-mile radius of Indianapolis. The land is comprised of four contiguous parcels, currently zoned for Agricultural and Low Density Residential use, providing flexibility for a variety of development projects. Multiple access points enhance accessibility and usability. The asking price has been significantly reduced to $1,592,700, representing an attractive price per acre of $10,000. Given its size, location, and zoning, this property is ideal for developers seeking a substantial land holding with significant potential for future growth and development. The property's proximity to various amenities further enhances its appeal. This is a rare opportunity to acquire a large, well-situated tract of land in a growing area. The address is Blue Bluff Road/Lincoln Hill Road, Martinsville, IN 46151.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Monroe
    State
    Indiana
    Longitude
    -86.4184
    Latitude
    39.4744

    Comparable in this City

    • Value Estimation by Request
      2.93 Acres

      1313 Morton Ave

      Land • 2.93 Acres
      1313 Morton Ave, Martinsville, IN 46151
      View Details
    • Value Estimation by Request

      Egbert Rd

      Land
      0 Egbert Rd, Centerton, IN 46151
      View Details
    • Value Estimation by Request
      113.95 Acres

      R 37

      Land • 113.95 Acres
      0 R 37, Martinsville, IN 46151
      View Details
    • Value Estimation by Request
      1,234.00 Acres

      8000 New Harmony Rd

      Farms • 1,234.00 Acres
      8000 New Harmony Rd, Martinsville, IN 46151
      View Details
    • Value Estimation by Request
      1.83 Acres

      1379 Morton Ave

      Land • 1.83 Acres
      1379 Morton Ave, Martinsville, IN 46151
      View Details
    • Value Estimation by Request
      1.00 Acre

      383 Grand Valley Blvd

      Land • 1.00 Acre
      383 Grand Valley Blvd, Martinsville, IN 46151
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Martinsville, IN Commercial Land

      15.25 Acres, Multifamily Potential
      0 Mahalasville Rd, Martinsville, IN 46151
      View Details
    • Contact for pricing
      5.95 Acres

      Martinsville Commercial Land Opportunity

      5.95 Acres, Prime Commercial Location
      383 Grand Valley Blvd, Martinsville, IN 46151
      View Details
    • $900,000
      1.83 Acres

      Martinsville Commercial Land - I-69 Access

      Prime 1.83-acre commercial lot, ideal for development.
      1379 Morton Ave, Martinsville, IN 46151
      View Details
    • Contact for pricing
      2.93 Acres

      I-69 & SR 39 Commercial Land

      High-traffic location, divisible parcels.
      1313 Morton Ave, Martinsville, IN 46151
      View Details
    • $500,000
      0.80 Acres

      Prime Martinsville Farmland

      Three I-2 zoned parcels, ideal for retail.
      1201 Ohio St, Martinsville, IN 46151
      View Details
    • Contact for pricing

      Martinsville Outlot Parcels For Sale

      Outlot parcels available near I-69 and Indianapolis International Airport.
      1201 S Ohio St, Martinsville, IN 46151
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,044 SF

      Restaurant Space with Drive-Thru

      3,044 SF restaurant space with drive-thru and pylon signage.
      2235 Burton Ln, Martinsville, IN 46151
      View Details
    • Contact for pricing
      4,265 SF

      Freestanding Restaurant Building with Drive-Thru

      4,265 SF former Steak N Shake with drive-thru for lease.
      650 Birk Rd, Martinsville, IN 46151
      View Details
    • $9,945 /Mo
      58,754 SF

      Martinsville Retail Space Available

      Retail property available for lease in Martinsville, Indiana.
      2020-2138 Burton Ln, Martinsville, IN 46151
      View Details
    • $2,500 /Mo
      43,124 SF

      Versatile Commercial/Industrial Building in Martinsville

      5,000 sq ft building with office and manufacturing space.
      400 E Mahalasville Dr, Martinsville, IN 46151
      View Details
    • $3,000 /Mo
      2,116 SF

      Martinsville Office Space For Rent

      Former Farm Credit building with flexible office space available for rent.
      1209 E Morgan St, Martinsville, IN 46151
      View Details
    • $252 SF/Yr
      2,000 SF

      Morgan Street Office Building

      Versatile Office Space - 2,000 sq ft
      1209 Morgan St, Martinsville, IN 46151
      View Details
    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.
    Blue Blf Road/Lincoln Hl Rd
    Martinsville, IN 46151
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.