8000 New Harmony Rd Martinsville, IN 46151
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.