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    Property profile & analytics

    514 Spg St New Castle, IN 47362-4909

    • Warehouses
    • 4,884 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Last Sale
    May 27, 2022
    Location Intelligence
    Property ID
    US31-2140370
    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

    • Warehouses

    Property Details for 514 Spg St

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.80 lot acres
    Property size
    4,884 SF
    Property type
    Warehouses
    APN
    33-12-10-340-127.000-016
    APU
    331210340127000016

    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
    -85.3781
    Latitude
    39.9336
    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
    $4,026
    $21,400
    $112,800
    $134,200
    -
    $21,400
    $112,800
    $134,200

    Comparable in this City

    • Value Estimation by Request
      39,108 SF

      125 County Rd 400th S

      WAREHOUSE, STORAGE • 39,108 SF
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    • Value Estimation by Request
      3,740 SF

      Memorial Dr

      WAREHOUSE, STORAGE • 3,740 SF
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    • Value Estimation
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      387 State Rd 38

      WAREHOUSE, STORAGE • 46,305 SF
      387 State Rd 38, New Castle, IN 47362-9786
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    • Value Estimation
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      23,420 SF

      2001 Troy Ave

      WAREHOUSE, STORAGE • 23,420 SF
      2001 Troy Ave, New Castle, IN 47362-5365
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    • Value Estimation
      $635,000
      4,500 SF

      3509 State Rd 3rd 3

      MINI-WAREHOUSE, STORAGE • 4,500 SF
      3509 State Rd 3rd 3, New Castle, IN 47362
      View Details
    • Value Estimation
      $335,000
      3,720 SF

      1400 25th St

      STORAGE YARD, OPEN STORAGE • 3,720 SF
      1400 25th St, New Castle, IN 47362
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail Space in New Castle

      Retail space available for lease in New Castle, Indiana.
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    • Contact for pricing
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      Retail Space on Memorial Drive

      Retail space with high visibility and traffic count.
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      View Details
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    514 Spg St
    New Castle, IN 47362-4909
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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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