Financial
Distress signals
Property profile

5223 In-3 New Castle, IN 47362

OFF-MARKET
Land
0.89 ac lot
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Property summary

AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity. Strategically located just north of I-70, exit 123, near New Castle, Indiana, this property boasts high visibility with an impressive 42,076 AADT. The listing encompasses three parcels totaling approximately 10.6 acres. Parcel 1, spanning 3.05 acres, is zoned HB1 (Highway Business 1). Parcels 2 and 3, totaling 8.55 acres, are zoned GB (General Business). Parcel 2, measuring 0.89 acres, is a former gas station with a state-issued NFA. This multi-parcel offering provides flexibility

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

Location intelligence

Which uses thrive at this corner?
Best fit: Bakery
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Bakery8.2
Wholesale Shop8.0
Breakfast7.2

Location

5223 In-3 New Castle, IN 47362
County assessor · not on file Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1720 F, New Castle, IN 47362-2615 $20,000 Aug 2025 2,792 SF
208 Main, New Castle, IN 47362-4215 $165,000 Jan 2025 4,920 SF
1120 Race, New Castle, IN 47362-4623 $20,000 May 2024 2,000 SF
2600 Outer, New Castle, IN 47362-2065 $470,000 Sep 2023 3,960 SF
2101 Broad, New Castle, IN 47362-3536 $175,000 Jul 2023 4,332 SF
408 25th, New Castle, IN 47362-3718 $15,000 May 2023 896 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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