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Property profile & analytics
OFF-MARKET
Land

3167 In-3 New Castle, IN 47362

0.86 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.86-acre commercial land parcel presents a unique investment opportunity in New Castle, Indiana. Situated directly in front of the only Walmart Supercenter in Henry County, this outparcel benefits from the high volume of traffic generated by this major retailer. The property boasts prime frontage on SR 3/S. Memorial Drive, a heavily trafficked thoroughfare, and features a signalized entry for convenient access. Its location in the county seat ensures high visibility and accessibility. The surrounding area is vibrant with a mix of retail, restaurant, and educational establishments, including well-known national chains such as GameStop, Sally Beauty, White Castle, and Steak & Shake, as well as Ivy Tech Community College. This strategic location offers significant potential for a variety of commercial uses, capitalizing on the substantial foot and vehicle traffic generated by the adjacent Walmart and neighboring businesses. The property's size and visibility make it an ideal site for a variety of commercial developments. The address is 3167 IN-3, New Castle, IN 47362, within Henry County.

Property profile
Verified
Property type Land
Lot 0.86 ac (37,462 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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