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    County Road 275 New Castle, IN 47362

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

    Current Use by Public Records

    • Land

    Property Details for 0 County Road 275

    Lot size
    20.00 lot acres
    Property type
    Land

    Description

    This exceptional investment opportunity presents 20+/- acres of highly productive farmland located in Henry County, Indiana, near Middletown. The property boasts significant road frontage on two sides, providing convenient access. The land's multi-generational history of fertile tillable ground ensures income-producing potential. A WAPI score of 150.1 and a P/I score of 71.9 (above area average) demonstrate high productivity and value. Primarily composed of Crosby silt loam soil, this land is ideal for various agricultural uses. Its layout also allows for potential subdivision into multiple homesites, adding to its versatility. The property's APN is 33-06-33-000-101.000-013, and the 2022 taxes were $585.44. This is a rare opportunity to acquire a productive and versatile property in a desirable location. The legal description is Pt S1/2 Ne1/4 Nw1/4 33 18 9 20 A. Asking price is $275,000.

    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
    -85.519
    Latitude
    39.9719

    Comparable in this City

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      281.00 Acres

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      1.00 Acre

      000 Wittenbraker Ave

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      1.20 Acres

      Memorial Dr

      Land • 1.20 Acres
      0 Memorial Dr, New Castle, IN 47362
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    Similar Nearby for Sale

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      0.89 Acres

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      Wittenbraker Ave Commercial Land

      Prime Henry County location, high traffic.
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      New Castle Land Parcels

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      Land Near I-70 Interchange

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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.
      1902 S Memorial Dr, New Castle, IN 47362
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      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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    County Road 275
    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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