You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Golf courses & driving ranges

4620 Charlestown Rd New Albany, IN 47150-9557

1,600 SF 17.68 ac lot Built 1991
Individually Owned 1-yr Hold Free & Clear
Property ID
US31-2330760
Property summary
AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in New Albany, Indiana. The property boasts a highly desirable location on Charlestown Road, just one mile north of I-265, ensuring excellent accessibility and high visibility. The expansive lot encompasses approximately 0.47 acres to 16.98 acres, providing ample space for a variety of commercial developments. Its strategic placement offers significant advantages, situated near a thriving retail corridor. Nearby establishments include major retailers such as Meijer, Regal Cinemas, and Kohl's, along with a diverse selection of restaurants including Tumbleweed, Cluckers, Starbucks, Bearno's Pizza, Jimmy John's, Penn Station, Qdoba, Graeter's, KFC, and Quizno's. This prime location ensures high traffic volume and strong potential for attracting customers. The asking price for this exceptional property is $700,000. The property's size and location make it ideal for a wide range of commercial uses, presenting a compelling opportunity for investors seeking a high-impact development project in a rapidly growing area. The property is zoned for commercial use (verification of zoning is recommended). This is a rare opportunity to acquire a significant parcel of land in a prime location with excellent visibility and access to major transportation routes.

Property profile
Verified
Property type Golf courses & driving ranges
Use group DRIVING RANGE (GOLF)
Year built 1991
Construction WOOD
Total area 1,600 SF
Lot 17.68 ac (770,141 SF)
APN 22-05-08-500-076.000-007
UPID US31-2330760
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Golfer's Paradise Driving Range Golf Course
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Reimagine Golf New Albany Propco Ll · 1 yrs held
Reimagine Golf New Albany Propco Ll
since 2024
3 recorded transactions
2024
Price N/A
2024
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4620 Charlestown Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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