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    Property profile & analytics

    285 Morton Ave Martinsville, IN 46151

    • Lifestyle centers
    • 63,000 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 285 Morton Ave

    Year built
    1989
    Property size
    63,000 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Monroe
    State
    Indiana
    Longitude
    -86.4311
    Latitude
    39.4165

    Comparable in this City

    • Value Estimation by Request
      11,086 SF

      35 -49 Blvd

      Lifestyle centers • 11,086 SF
      0 35 -49 Blvd, Martinsville, IN 46151
      View Details
    • Value Estimation by Request

      2028-2138 Burton Ln

      Lifestyle centers
      2028-2138 Burton Ln, Martinsville, IN 46151
      View Details
    • Value Estimation
      $340,000
      4,050 SF

      1299 Morgan St

      SHOPPING CENTER, STRIP CENTER • 4,050 SF
      1299 Morgan St, Martinsville, IN 46151-1748
      View Details
    • Value Estimation by Request
      44,380 SF

      361 Grand Vly Blvd, Unit 399

      SHOPPING CENTER, STRIP CENTER • 44,380 SF
      361 Grand Vly Blvd, Martinsville, IN 46151-5851
      View Details
    • Value Estimation
      $325,000
      4,630 SF

      569 Morton Ave, Unit 589

      SHOPPING CENTER, STRIP CENTER • 4,630 SF
      569 Morton Ave, Martinsville, IN 46151-2754
      View Details
    • Value Estimation
      $295,000
      4,276 SF

      605 Morton Ave, Unit 607

      SHOPPING CENTER, STRIP CENTER • 4,276 SF
      605 Morton Ave, Martinsville, IN 46151-2756
      View Details

    Similar Nearby for Sale

    • $675,000
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      Downtown Martinsville Mixed-Use

      9,968 sq ft, Updated, Prime Location
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      Prime Walgreens Retail Investment

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      Prime Martinsville Retail Land

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      Martinsville Retail Space - Prime Location

      High-traffic retail space, 0.74 acres.
      332 252 Ln, Martinsville, IN 46151
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    Similar Nearby for Lease

    • $12 SF/Yr
      16,354 SF

      Martinsville Plaza Retail Center

      High-traffic retail space available.
      2028-2138 Burton Ln, Martinsville, IN 46151
      View Details
    • $2,500 /Mo
      2,500 SF

      Versatile Commercial/Industrial Property in Martinsville

      Mixed-use property with high visibility and flexible commercial options.
      400 E Mahalasville Dr, Martinsville, IN 46151
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    • $252 SF/Yr
      2,000 SF

      Morgan Street Office Building

      Versatile Office Space - 2,000 sq ft
      1209 Morgan St, Martinsville, IN 46151
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    • $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
    • $3,425 /Mo
      56,000 SF

      Martinsville Retail Space Available

      Retail property available for lease in Martinsville, Indiana.
      2028 Burton Ln, Martinsville, IN 46151
      View Details
    • Contact for pricing
      2,521 SF

      Retail Space Available For Sublease

      2,521 SF retail space available for sublease.
      640 Birk Rd, Martinsville, IN 46151
      View Details
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    285 Morton Ave
    Martinsville, IN 46151
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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
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