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New Castle Plaza 427-525 S Memorial Dr

100,578 SF 94% Leased Retail Building New Castle, IN 47362 $11,318,640 CAD ($113 CAD/SF) 7.05% Cap Rate

Financial Summary (Actual - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
100,578 SF
Building Class
B
Year Built/Renovated
1965/1987
Price
$11,318,640 CAD
Price Per SF
$113 CAD
Cap Rate
7.05%
NOI
$798,182 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
15’
Building FAR
0.19
Lot Size
12.12 AC
Zoning
Commercial
Parking
502 Spaces (4.99 Spaces per 1,000 SF Leased)
Frontage
806 ft on S Memorial Dr

Amenities

  • Pylon Sign
  • Tenant Controlled HVAC

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 433
  • 7,500 SF
  • Retail
  • In-Line
  • Apr 2028

Inline, retail.

  • 455
  • 3,000 SF
  • Retail
  • In-Line
  • Now

Former shoe store. Inline. Call owner for rental rate.

  • 511
  • 2,500 SF
  • Retail
  • In-Line
  • Now

Inline retail. Former women's spa. Call owner for rental rate.

  • 525
  • 1,000 SF
  • Retail
  • In-Line
  • Now

Former hair salon. Inline. Call owner for rental rate.

Space Size Space Use Position Available
433 7,500 SF Retail In-Line Apr 2028
455 3,000 SF Retail In-Line Now
511 2,500 SF Retail In-Line Now
525 1,000 SF Retail In-Line Now

433

Size
7,500 SF
Space Use
Retail
Position
In-Line
Available
Apr 2028

455

Size
3,000 SF
Space Use
Retail
Position
In-Line
Available
Now

511

Size
2,500 SF
Space Use
Retail
Position
In-Line
Available
Now

525

Size
1,000 SF
Space Use
Retail
Position
In-Line
Available
Now

433

Size 7,500 SF
Space Use Retail
Position In-Line
Available Apr 2028

Inline, retail.

455

Size 3,000 SF
Space Use Retail
Position In-Line
Available Now

Former shoe store. Inline. Call owner for rental rate.

511

Size 2,500 SF
Space Use Retail
Position In-Line
Available Now

Inline retail. Former women's spa. Call owner for rental rate.

525

Size 1,000 SF
Space Use Retail
Position In-Line
Available Now

Former hair salon. Inline. Call owner for rental rate.

Nearby Major Retailers

Rent-A-Center
Kroger Bakery
ALDI
Applebee's
The YMCA
First Financial Bank
Hot Head Burritos
Crossfit NC
Buffalo Wild Wings
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
33-12-15-110-115.000-016
Land Assessment
$1,414,191 CAD (2023)
Improvements Assessment
$3,489,940 CAD (2023)
Total Assessment
$4,904,131 CAD (2023)
  • Listing ID: 33925225

  • Date on Market: 2024-11-19

  • Last Updated:

  • Address: 427-525 S Memorial Dr, New Castle, IN 47362

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