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    Property profile & analytics

    490 Indiana Ave New Castle, IN 47362-4911

    • Retail space
    • 3,750 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Mar 22, 2022
    Location Intelligence
    Property ID
    US31-2151927
    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 490 Indiana Ave

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.70 lot acres
    Property size
    3,750 SF
    Property type
    Retail space
    APN
    33-12-15-110-127.000-016
    APU
    331215110127000016

    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
    -85.3793
    Latitude
    39.9292
    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
    $2,607
    $36,500
    $50,400
    $86,900
    -
    $36,500
    $50,400
    $86,900

    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

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      Convertible duplex with garage, fenced yard, and ample parking.
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    • $250,000
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      Prime Commercial Land, New Castle, IN

      1.2-acre lot, high visibility, C-1 zoning.
      0 Memorial Dr, New Castle, IN 47362
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      Wittenbraker Ave Commercial Land

      Prime Henry County location, high traffic.
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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
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    490 Indiana Ave
    New Castle, IN 47362-4911
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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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