Office/Warehouse Flex
10844 Stahl Road Newburgh, IN 47630
10844 Stahl Road, Newburgh, IN, 47630
$449,000
For Sale
$449,000
COMMERCIAL - Newburgh, IN
Property Size2,400 SF
Lot Size0.48 Acres
Price / SF$187.08
Days on Market80
Property Features for 10844 Stahl Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 87-12-20-304-002.000-019
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Lot 2 Stahl Road Business Park
- Tax Annual Amount
- 5073
Building Details
- Year built
- 2022
- Flooring type
- Concrete, Laminate
- Roof type
- Metal
Listing agency
RE/MAX REVOLUTION
(812) 573-0030
Listed by
Donovan Wilkins · License #RB14028554
(812) 430-4851
Added: May 4 Updated: Jul 6 at 3:31PM Checked: Jul 22 at 6:06PM
MLS# 202616544
Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2022-built C-1 flex office/warehouse building totals 2,400 square feet, with 800 square feet of finished office space and 1,600 square feet of unfinished warehouse area. The office includes three offices, a training room equipped with a sink, refrigerator, and coffee station, plus one full bath and one half bath. The warehouse features high ceilings measuring 23 feet, two exterior doors, and a 10' x 12' garage door for loading or service access. The building has an aluminum exterior with a brick front, a covered porch, and a metal roof, and is served by mini-splits for heating and air conditioning. Ample parking is provided on a concrete lot.
The property is located in Stahl Road Business Park and sits on a half-acre lot. The site includes a half-acre parcel with exterior parking and direct access to the building’s office and warehouse entries.
Designed for owner-users and operators who want office-ready space alongside practical warehouse capacity, the finished office area supports day-to-day administration and training. The unfinished warehouse layout provides flexibility for storage or light-use operations, while the high ceilings and dedicated garage door support equipment staging and loading. With concrete parking and two exterior doors, the building can accommodate a range of logistics needs that require both workforce space and flexible warehouse volume.
The property is located in Stahl Road Business Park and sits on a half-acre lot. The site includes a half-acre parcel with exterior parking and direct access to the building’s office and warehouse entries.
Designed for owner-users and operators who want office-ready space alongside practical warehouse capacity, the finished office area supports day-to-day administration and training. The unfinished warehouse layout provides flexibility for storage or light-use operations, while the high ceilings and dedicated garage door support equipment staging and loading. With concrete parking and two exterior doors, the building can accommodate a range of logistics needs that require both workforce space and flexible warehouse volume.
Key Highlights
- Commercial office/warehouse in Stahl Road Business Park, built in 2022 (C/1 building) with 2,400 sqft total space
- Includes 800 sqft finished office area with 3 offices, training room (sink, refrigerator, coffee station), plus 1 full bath and 1 half bath
- Spacious 1,600 sqft unfinished warehouse with 23' high ceilings, 2 exterior doors, and a 10' x 12' garage door
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.1k | $20.04 |
| − Vacancy | −$3.4k | −$1.40 |
| EGI | $44.7k | $18.64 |
| − OpEx | −$15.7k | −$6.52 |
| NOI | $29.1k | $12.11 |
2,400 SF · lease $20.04/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$415.3K
$363.4K – $484.6K
NOI $29,074 @ 7.0% cap · market cap 6.48%
Second Best
Office B
$356.4K
$311.9K – $415.8K
NOI $24,948 @ 7.0% cap · market cap 5.56%
Theoretical Best
Specialty Retail
$474.9K
$415.5K – $554.0K
NOI $33,241 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
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FAQs
What type of property is this?
Flex space - New 2022 flex office and warehouse with high-clearance space, finished offices, and both exterior and roll-up access.
Where is this flex space located?
The property is located at 10844 Stahl Road Newburgh, IN.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Commercial office/warehouse in Stahl Road Business Park, built in 2022 (C/1 building) with 2,400 sqft total space; Includes 800 sqft finished office area with 3 offices, training room (sink, refrigerator, coffee station), plus 1 full bath and 1 half bath; Spacious 1,600 sqft unfinished warehouse with 23' high ceilings, 2 exterior doors, and a 10' x 12' garage door
