Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2498 State Rd 3rd 3 New Castle, IN 47362-9036

    • Retail space
    • 6,396 SF
    • 0.91 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Last Sale
    Oct 25, 2024
    Location Intelligence
    Property ID
    US31-1420262
    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

    • Retail space

    Property Details for 2498 State Rd 3rd 3

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.91 lot acres
    Property size
    6,396 SF
    Property type
    Retail space
    APN
    33-07-34-330-308.000-021
    APU
    330734330308000021

    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
    -85.3846
    Latitude
    39.967
    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
    $3,396
    $15,300
    $111,000
    $126,300
    -
    $15,300
    $111,000
    $126,300

    Comparable in this City

    • Value Estimation by Request
      2,380 SF

      217 17th St

      RETAIL STORES (PERSONAL SERVICES) • 2,380 SF
      217 17th St, New Castle, IN 47362-3275
      View Details
    • Value Estimation by Request
      3,675 SF

      2000 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,675 SF
      2000 Main St, New Castle, IN 47362
      View Details
    • Value Estimation
      $315,000
      0.36 Acres

      120 Memorial Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.36 Acres
      120 Memorial Dr, New Castle, IN 47362-4988
      View Details
    • Value Estimation
      $615,000
      23,194 SF

      2121 Memorial Dr

      RETAIL STORES (PERSONAL SERVICES) • 23,194 SF
      2121 Memorial Dr, New Castle, IN 47362-1223
      View Details
    • Value Estimation
      $300,000
      760 SF

      1705 Memorial Dr

      RETAIL STORES (PERSONAL SERVICES) • 760 SF
      1705 Memorial Dr, New Castle, IN 47362-1215
      View Details
    • Value Estimation
      $530,000
      9,600 SF

      3191 State Rd 3rd 3

      RETAIL STORES (PERSONAL SERVICES) • 9,600 SF
      3191 State Rd 3rd 3, New Castle, IN 47362-1318
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • $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
    • $1,500,000

      Land Near I-70 Interchange

      Spacious land parcel near I-70, suitable for various developments.
      E County Road 400 S, 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
      View Details
    • $119,900

      Versatile Home with Garage and Yard

      Convertible duplex with garage, fenced yard, and ample parking.
      1727 Plum St, New Castle, IN 47362
      View Details
    • $211,750
      23.00 Acres

      Prime Agricultural Land in New Castle

      23-acre property with 22+ acres of tillable land.
      E County Road 150 N, New Castle, IN 47362
      View Details

    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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2498 State Rd 3rd 3
    New Castle, IN 47362-9036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.