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    Property profile & analytics

    8881 Baltimore Rd Monrovia, IN 46157

    • Commercial real estate
    • 86.00 lot acres
    For Sale
    View listing
    $2,800,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-1696525
    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

    • Commercial real estate

    Property Details for 8881 Baltimore Rd

    Lot size
    86.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 86-acre parcel presents a compelling investment opportunity in the rapidly expanding town of Monrovia, Indiana. Strategically located just south of Interstate 70, this commercially zoned property offers unparalleled access to major transportation routes, placing it within a convenient 30-minute commute of downtown Indianapolis. The land is designated as Rural Residential zoning, presenting a unique chance to contribute to the significant housing demand in one of Indiana's fastest-growing areas. Monrovia itself is experiencing explosive growth, making this property particularly attractive for developers seeking to capitalize on the burgeoning population and the need for new residential options. The expansive acreage provides ample space for a variety of development projects, catering to the current and projected future needs of the community. The property's address is 8881 N Baltimore Rd, Monrovia, IN 46157. This location offers a blend of rural tranquility and convenient access to urban amenities, making it an ideal location for a diverse range of residential developments. The asking price for this significant land holding is $2,800,000. Serious inquiries are encouraged.

    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
    -86.4833461
    Latitude
    39.5580867
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    8881 Baltimore Rd
    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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