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    Property profile & analytics

    5724 Blazing Star Rd Monrovia, IN 46157

    • Mixed-use properties
    • 5,100 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-1977410
    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

    • Mixed-use properties

    Property Details for 5724 Blazing Star Rd

    Year built
    2013
    Lot size
    5.00 lot acres
    Property size
    5,100 SF
    Property type
    Mixed-use properties

    Description

    This exceptional 5,100 square foot mixed-use property in Monrovia, Indiana, presents a unique blend of rustic aesthetics and modern functionality. Situated on a sprawling 5-acre lot, the property boasts a main building featuring three bedrooms and two and a half bathrooms. The main floor showcases polished concrete floors, contributing to a stylish, modern feel within the rustic design. Enhanced insulation is provided by double-walled exterior construction. Recent interior and exterior painting ensures a fresh, inviting atmosphere. The property includes substantial garage space: a 30' x 40' four-bay concrete floor garage with striking 10' x 12' castle-style side doors, and an attached 30' x 50' three-bay gravel floor garage featuring 12-foot bay doors and a convenient service door. Additional covered parking is available in a 5-6 bay carport, offering versatile use as covered parking or potential animal stalls. Several outbuildings are present, with one fully equipped with vinyl flooring and utilities, ideal for a home office or studio. Security is a key feature, with a 12-foot security fence encompassing the backyard, incorporating a coded gliding gate system and a sophisticated security system for enhanced peace of mind. This one-of-a-kind property is perfect for car enthusiasts, those working from home, individuals seeking space for a small farm, or anyone appreciating ample outdoor space and unique architectural details. Priced at $599,900, this property offers an unparalleled opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Morgan
    State
    Indiana
    Longitude
    -86.50986
    Latitude
    39.51216

    Comparable in this City

    • Contact for pricing
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    • $2,800,000
      86.00 Acres

      86 Acres Monrovia Development Land

      Prime Indiana commercial land, ideal for housing.
      8881 Baltimore Rd, Monrovia, IN 46157
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    Similar Nearby for Sale

    • Contact for pricing
      80.00 Acres

      Monrovia, IN: 80-Acre Industrial Land

      Prime 80-acre industrial site near I-70.
      39 & Keller Hl Rd, Monrovia, IN 46157
      View Details
    • $2,800,000
      86.00 Acres

      86 Acres Monrovia Development Land

      Prime Indiana commercial land, ideal for housing.
      8881 Baltimore Rd, Monrovia, IN 46157
      View Details
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    Monrovia, IN 46157
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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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