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    5055 S Newburgh Plz Dr Newburgh, IN 47630

    View on Map
    Sponsored
    For Lease
    $1,600 /Mo ($5 SF/Yr)

    Office, Professional,Vacant - Newburgh, IN

    Type:Office
    Property size:
    3,550 SF
    Lot size:
    0.47 Acres
    Days on Market:
    35
    Last Refresh:
    Mar 23 at 1:06 am

    Property Features for 5055 S Newburgh Plz Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Kitchen, Office
    APN
    87-12-34-209-009.000-019
    Parking
    10
    Parking features
    Paved or Surfaced
    Interior features
    Drywall, 110 Volts, Handicap Access, Alley, Office Space
    Exterior features
    Fence, None
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Size
    3,550 SF
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Expense value
    2000
    Expense
    Security Deposit

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1974
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Fathera

    Keller Williams Capital Realty

    Listing agent Sarah Fathera License #RB25000213

    Listing date Feb 16, 2026

    MLS# 202539927 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Customizable Office Suite in Newburgh

    This 2,000 square foot suite is located in an established commercial area of Newburgh, Indiana, offering cost-effective space suitable for various professional and commercial uses. The unit is in a partial build-out condition, providing an opportunity to customize the space. The layout includes a front office leading to a large back room, a dedicated kitchen/break room, a private restroom, and a separate IT room. It features a dedicated front entrance and rear exit. The gross lease includes water, sewer, trash, and lawn maintenance, with the tenant responsible for gas and electric. Ample on-site parking is available for clients and staff. The property also features excess land behind the building, offering potential for outdoor employee areas or other uses, subject to local zoning approval. The location provides immediate proximity to existing medical and dental clinics. The landlord is offering a $2,000 credit/allowance toward tenant updates with a minimum 12-month lease term.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Map

    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.39770482
    Latitude
    37.96136388

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    FAQs

    What type of property is this?
    Medical Office Space - 2,000 SF office suite in established medical corridor.
    Where is this medical office space located?
    The property is located at 5055 S Newburgh Plz Dr Newburgh, IN.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Customizable 2,000 SF suite in established medical corridor with $2,000 tenant improvement allowance.; - Cost-effective rent at $1,600/month with gross lease including water, sewer, trash, and lawn maintenance.; - Ample on-site parking for clients and staff.
    (619) 820-1349
    Request Owner's contact information
    5055 S Newburgh Plz Dr Newburgh, IN 47630
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    Newburgh, IN 47630
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5055 S Newburgh Plz Dr Newburgh, IN 47630
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    We can help!
    Listing Contact
    Sarah Fathera
    Real Estate License ID: RB25000213
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