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    3175 In-3 New Castle, IN 47362

    • Restaurants
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Restaurants

    Property Details for 3175 In-3

    Property type
    Restaurants

    Description

    This exceptional 2,584 square foot restaurant property, formerly a White Castle, presents a unique investment or lease opportunity in New Castle, Indiana. Located at 3175 IN-3, this single-tenant building boasts a highly desirable drive-thru configuration, complete with all necessary restaurant equipment including a hood system and walk-in cooler. The property is situated on an outlot adjacent to the only Walmart Supercenter in Henry County, ensuring high traffic volume and excellent brand visibility. The strategic location at a signalized intersection provides exceptional accessibility and exposure to a large customer base. Further enhancing its appeal, the site features a prominent pylon sign and a spacious parking area with capacity for 35 vehicles. This turnkey operation is ready for immediate occupancy, offering a significant advantage for prospective buyers or lessees seeking a well-established and conveniently located restaurant space. The property's size, equipment, and prime location in a thriving retail area make it an ideal investment for experienced restaurateurs or those seeking a profitable venture in a high-demand market. The address is 3175 IN-3, New Castle, IN 47362. The property is available for sale or lease.

    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
    -85.3863
    Latitude
    39.8874

    Comparable in this City

    • Value Estimation by Request
      2,940 SF

      2004 Memorial Dr

      Restaurants • 2,940 SF
      2004 Memorial Dr, New Castle, IN 47362
      View Details
    • Value Estimation by Request
      9,600 SF

      3191 In-3

      Neighborhood centers • 9,600 SF
      3191 In-3, New Castle, IN 47362
      View Details
    • Value Estimation
      $415,000
      3,320 SF

      711 Memorial Dr

      RESTAURANT • 3,320 SF
      711 Memorial Dr, New Castle, IN 47362-4954
      View Details
    • Value Estimation by Request
      5,012 SF

      109 Memorial Dr

      RESTAURANT • 5,012 SF
      109 Memorial Dr, New Castle, IN 47362-4947
      View Details
    • Value Estimation by Request
      3,524 SF

      1486 Memorial Dr

      RESTAURANT • 3,524 SF
      1486 Memorial Dr, New Castle, IN 47362-4903
      View Details
    • Value Estimation
      $905,000
      3,079 SF

      2175 Memorial Dr

      RESTAURANT • 3,079 SF
      2175 Memorial Dr, New Castle, IN 47362-1223
      View Details

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      Mechanic Shop with Office Space

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    Similar Nearby for Lease

    • Contact for pricing
      1,848 SF

      Retail Space on Memorial Drive

      Retail space with high visibility and traffic count.
      1902 S Memorial Dr, New Castle, IN 47362
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    • Contact for pricing
      7,500 SF

      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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    3175 In-3
    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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