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    Property profile & analytics

    2175 Memorial Dr New Castle, IN 47362-1223

    • Turn key restaurants
    • 3,079 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimation
    $905,000
    Location Intelligence
    Property ID
    US31-2189900
    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 2175 Memorial Dr

    Year built
    2006
    Lot size
    0.84 lot acres
    Property size
    3,079 SF
    Property type
    Turn key restaurants
    APN
    33-12-21-400-424.000-016
    APU
    331221400424000016

    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
    -85.386
    Latitude
    39.9096
    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
    $25,773
    $445,700
    $413,400
    $859,100
    -
    $445,700
    $413,400
    $859,100

    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
      $340,000
      6,312 SF

      1327 Broad St

      RESTAURANT • 6,312 SF
      1327 Broad St, New Castle, IN 47362-4204
      View Details
    • Value Estimation
      $400,000
      11,113 SF

      14 County Rd 25th W

      RESTAURANT • 11,113 SF
      14 County Rd 25th W, New Castle, IN 47362-9784
      View Details
    • Value Estimation by Request
      3,120 SF

      524 Memorial Dr

      RESTAURANT • 3,120 SF
      524 Memorial Dr, New Castle, IN 47362-4910
      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.
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    • $125,000
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      Wittenbraker Ave Commercial Land

      Prime Henry County location, high traffic.
      000 Wittenbraker Ave, New Castle, IN 47362
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    • $3,300,000
      25,404 SF

      I-70 Visible Redevelopment Opportunity

      5.7 acres with high visibility and redevelopment potential.
      5243 S State Road 3, New Castle, IN 47362
      View Details
    • Contact for pricing
      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
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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
      View Details
    • 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

    Property Visit Statistics

    • Visits by month
      44.0k
    • Visitors by month
      21.0k
    • Avg Time on site
      11 min
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    2175 Memorial Dr
    New Castle, IN 47362-1223
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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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