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    475-525 Memorial Dr New Castle, IN 47362

    • Retail properties
    • 91,648 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 475-525 Memorial Dr

    Property size
    91,648 SF
    Property type
    Retail properties

    Description

    This exceptional retail opportunity encompasses 91,648 square feet of prime commercial space located at 475-525 & 601 S. Memorial Dr, New Castle, Indiana, 47362. The property offers multiple tenancy options, with three spaces currently available, ranging from a minimum of 1,000 square feet to a maximum contiguous space of 3,000 square feet. A total of 6,500 square feet is currently vacant and ready for immediate occupancy. The property is classified as retail store space and is situated in Henry County, Indiana. Ample parking is provided with 569 spaces available for customers and employees. This location presents a high-visibility opportunity for businesses seeking to establish or expand their presence in a thriving market. The property's strategic location ensures excellent accessibility and high foot traffic, making it an ideal choice for a variety of retail ventures. Interested parties are encouraged to inquire about lease terms and availability for these exceptional retail spaces. The property is conveniently located in New Castle, offering easy access to major transportation routes and a strong local customer base.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Henry
    State
    Indiana
    Longitude
    -85.382
    Latitude
    39.9271

    Comparable in this City

    • Value Estimation by Request
      2,940 SF

      2004 Memorial Dr

      Restaurants • 2,940 SF
      2004 Memorial Dr, New Castle, IN 47362
      View Details
    • Value Estimation by Request

      2006 Memorial Dr

      Office space
      2006 Memorial Dr, New Castle, IN 47362
      View Details
    • Value Estimation by Request
      9,600 SF

      3191 In-3

      Neighborhood centers • 9,600 SF
      3191 In-3, New Castle, IN 47362
      View Details
    • Value Estimation by Request
      1.21 Acres

      1007 16th St

      PARKING LOT • 1.21 Acres
      1007 16th St, New Castle, IN 47362-4320
      View Details
    • Value Estimation by Request
      0.40 Acres

      1811 Riley Rd

      CAR WASH • 0.40 Acres
      1811 Riley Rd, New Castle, IN 47362
      View Details
    • Value Estimation by Request
      2,380 SF

      217 17th St

      RETAIL STORES (PERSONAL SERVICES) • 2,380 SF
      217 17th St, New Castle, IN 47362-3275
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Retail Space in New Castle

      Retail space available for lease in New Castle, Indiana.
      427-501 S Memorial Dr, New Castle, IN 47362
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    • Contact for pricing
      1,848 SF

      Retail Space on Memorial Drive

      Retail space with high visibility and traffic count.
      1902 S Memorial Dr, New Castle, IN 47362
      View Details
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    475-525 Memorial Dr
    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
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