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    Property profile & analytics

    1507 Memorial Dr New Castle, IN 47362-1222

    • Turn key restaurants
    • 4,288 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Last Sale
    Jun 21, 2023
    Location Intelligence
    Property ID
    US31-1607698
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1507 Memorial Dr

    Year built
    1976
    Construction
    WOOD
    Lot size
    1.05 lot acres
    Property size
    4,288 SF
    Property type
    Turn key restaurants
    APN
    33-12-15-330-107.000-016
    APU
    331215330107000016

    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
    -85.3838
    Latitude
    39.9178
    CBSA code
    35220
    CBSA name
    NEW CASTLE, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,122
    $160,100
    $77,300
    $237,400
    -
    $160,100
    $77,300
    $237,400

    Comparable in this City

    • 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
    • Value Estimation by Request
      4,081 SF

      23 Executive Dr

      RESTAURANT • 4,081 SF
      23 Executive Dr, New Castle, IN 47362-8719
      View Details
    • Value Estimation
      $145,000
      7,686 SF

      1451 Memorial Dr

      RESTAURANT • 7,686 SF
      1451 Memorial Dr, New Castle, IN 47362-4900
      View Details

    Similar Nearby for Sale

    • $1,920,000
      760 SF

      Scooter’s Coffee NNN Asset

      760 SF Scooter’s Coffee absolute NNN asset for sale.
      1705 S Memorial Dr, New Castle, IN 47362
      View Details
    • $69,500
      0.19 Acres

      Mechanic Shop with Office Space

      Mechanic shop with office, car lot potential, warehousing, retail.
      2710 Broad St, New Castle, IN 47362
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      0.89 Acres

      Prime I-70 Commercial Land

      High-traffic location, multiple parcels available.
      5223 In-3, New Castle, IN 47362
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    • Contact for pricing

      New Castle Land Parcels

      Three parcels totaling 10.6 AC near I-70 for sale.
      5223 Indiana 3, New Castle, IN 47362
      View Details
    • $249,900
      7,250 SF

      Versatile Industrial Property Near New Castle

      Industrial building with office/apartment space near New Castle, Indiana.
      5363 W State Road 38, New Castle, IN 47362
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    • $119,900

      Versatile Home with Garage and Yard

      Convertible duplex with garage, fenced yard, and ample parking.
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    Similar Nearby for Lease

    • 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
    • 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
      View Details

    Property Visit Statistics

    • Visits by month
      3.0k
    • Visitors by month
      2.6k
    • Avg Time on site
      11 min
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    1507 Memorial Dr
    New Castle, IN 47362-1222
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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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