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    Property profile & analytics

    2570 New Middletown Elizabeth Rd New Middletown, IN 47160

    • Retail space
    • 10,640 SF
    • 1.25 lot acres
    For Sale
    View listing
    $1,578,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-1391706
    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

    • Dollar General / Dollar Store / Convenience Store

    Property Details for 2570 New Middletown Elizabeth Rd

    Year built
    2023
    Lot size
    1.25 lot acres
    Property size
    10,640 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    31-14-14-300-005.000-022

    Description

    Fee simple ownership of a 10,640 sq ft Dollar General in New Middletown, IN, on a 1.25-acre lot. Built in 2023, this single-story building boasts a new 15-year absolute NNN lease with corporate guarantee, featuring 10% rent bumps at the start of each 5-year option period. The property enjoys a 6.75% cap rate and $106,522 annual NOI. Located on a primary thoroughfare with limited competition and strong demographics, this investment offers significant upside potential. The property is situated near other businesses and essential services, including a fire station and elementary school, ensuring high visibility and consistent customer traffic. The 5-mile trade area boasts over 8,000 residents and 1,600 daytime employees, with average household incomes exceeding $90,000. This is a management-free investment opportunity with a strong tenant and excellent location. The asking price is $1,578,000 ($148.31/sq ft).

    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 Middletown
    County
    Harrison
    State
    Indiana
    Longitude
    -86.0502717
    Latitude
    38.1622615
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    2570 New Middletown Elizabeth Rd
    New Middletown, IN 47160
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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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