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Property profile & analytics
OFF-MARKET
Land

8000 New Harmony Rd Martinsville, IN 46151

1234 ac lot
Property ID
Property summary
AI-generated overview

This expansive 1,234-acre property in Martinsville, Indiana, presents a unique large-scale development opportunity. Located just off I-69, this strategically positioned land offers seamless connectivity, situated only 35 minutes from Indianapolis, 10 minutes from Mallow Run Winery, and 25 minutes from Morgan-Monroe State Forest. The property boasts a diverse landscape, including serene pastures, rolling hills, dense forests, and natural water features such as ponds and a creek. This idyllic setting provides an exceptional backdrop for a variety of projects, ranging from residential subdivisions and estate homes to equestrian communities, corporate retreats, or eco-friendly developments. The property is zoned AG and is owner-occupied. The asking price is $28,382,000. Multiple parcels are included in this offering. This is a truly rare opportunity to acquire a significant landholding with exceptional potential for future growth and development in a desirable location. The property's combination of natural beauty and convenient access to major transportation routes makes it an ideal investment for discerning developers seeking a prime location for a large-scale project.

Property profile
Verified
Property type Land
Lot 1234 ac (53,753,040 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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