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    Property profile & analytics

    Waverly Park Rd Martinsville, IN 46151

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Waverly Park Rd

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 258.687-acre agricultural property boasts unparalleled visibility from Interstate I-69, offering significant development potential. Located in Morgan County, Indiana, near Martinsville (zip code 46151), this expansive tract includes approximately 161.8 tillable acres, ideal for farming operations. The land is conveniently situated just 15 miles south of I-465, providing easy access to major transportation routes. Currently, there are no existing leases, making it immediately available for acquisition. The seller is offering this property as a single, non-divisible parcel. This represents a compelling investment opportunity, especially considering the recent price reduction to $5,044,396.50, translating to $19,500 per gross acre. The property's strategic location and substantial acreage make it a rare find in the market. Serious inquiries are encouraged. Coordinates: Latitude 39.5467237, Longitude -86.2811594. Address: N Waverly Park Rd, Martinsville, IN 46151.

    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
    Morgan
    State
    Indiana
    Longitude
    -86.2812
    Latitude
    39.5467

    Comparable in this City

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      1,234.00 Acres

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      1.00 Acre

      383 Grand Valley Blvd

      Land • 1.00 Acre
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      113.95 Acres

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      Land • 113.95 Acres
      0 R 37, Martinsville, IN 46151
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      2.93 Acres

      1313 Morton Ave

      Land • 2.93 Acres
      1313 Morton Ave, Martinsville, IN 46151
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      Egbert Rd

      Land
      0 Egbert Rd, Centerton, IN 46151
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    • Value Estimation by Request
      12.48 Acres

      1000 Blue Bluff Rd

      Land • 12.48 Acres
      1000 Blue Bluff Rd, Martinsville, IN 46151
      View Details

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    Similar Nearby for Lease

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    Waverly Park Rd
    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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