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    County Road 150 New Castle, IN 47362

    • Land
    • 23.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 County Road 150

    Lot size
    23.00 lot acres
    Property type
    Land

    Description

    Exceptional investment opportunity: 23+/- acres of prime Henry County, Indiana land in New Castle (zip code 47362) is now available for $200,000. This property features approximately 21+/- acres of FSA cropland currently under an open farm lease for 2024, offering immediate income potential. The diverse soil composition includes CrA Crosby silt loam, MmB2 Miamian silt loam, LhC3 Losantville clay loam, LeC2 Losantville silt loam, Cy Cyclone silty clay loam, LhD3 Losantville clay loam, CeB2 Celina silt loam, and EdC2 Eldean silt loam, ensuring high fertility and productivity. The land boasts a Weighted Average Productivity Index (WAPI) of 135.6. Beyond its agricultural potential, this strategically located property presents significant development opportunities for future home sites or other commercial ventures. Its versatile nature makes it an attractive asset for investors, developers, and farmers alike. Located on E County Rd 150 N, this property offers a unique blend of income generation and future growth potential. Don't miss this chance to acquire a highly productive and versatile land parcel in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Henry
    State
    Indiana
    Longitude
    -85.3452
    Latitude
    39.9531

    Comparable in this City

    • Value Estimation by Request
      0.86 Acres

      3167 In-3

      Land • 0.86 Acres
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      0.89 Acres

      5223 In-3

      Land • 0.89 Acres
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      281.00 Acres

      0000 Muncie Pike

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      1.00 Acre

      000 Wittenbraker Ave

      Land • 1.00 Acre
      000 Wittenbraker Ave, New Castle, IN 47362
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    • Value Estimation by Request
      1.20 Acres

      Memorial Dr

      Land • 1.20 Acres
      0 Memorial Dr, New Castle, IN 47362
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    • Value Estimation by Request
      20.00 Acres

      County Road 275

      Land • 20.00 Acres
      0 County Road 275, New Castle, IN 47362
      View Details

    Similar Nearby for Sale

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      Wittenbraker Ave Commercial Land

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      0.89 Acres

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      Spacious land parcel near I-70, suitable for various developments.
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    Similar Nearby for Lease

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      1,848 SF

      Retail Space on Memorial Drive

      Retail space with high visibility and traffic count.
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      Retail Space in New Castle

      Retail space available for lease in New Castle, Indiana.
      427-501 S Memorial Dr, New Castle, IN 47362
      View Details
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    County Road 150
    New Castle, IN 47362
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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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