Office-Warehouse Flex
10844 Stahl Rd Newburgh, IN 47630
New
10844 Stahl Rd, Newburgh, IN, 47630
$449,000
For Sale
$449,000
Newer office and warehouse space in a business park with finished offices, high-ceiling warehouse, and multiple exterior access points.
Property Size2,400 SF
Lot Size0.50 Acres
Price / SF$187.08
Days on Market2
Property Features for 10844 Stahl Rd
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.50 Acres
Building Details
- Year Built
- 2022
Listing agency
RE/MAX REVOLUTION
(812) 430-4851
Listed by
Donovan Wilkins · License #RB14028554
Source
Daubyrealestate
Added: Jul 21 Updated: Jul 22 at 9:07AM Checked: Jul 22 at 9:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX REVOLUTION
Investment Insights
Based on property information with market context.
This commercial office-building/warehouse is a C-1 building built in 2022 and totals 2,400 square feet. The finished office portion totals 800 square feet and includes three offices, a training room with a sink, refrigerator, and coffee station, plus one full bathroom and one half bathroom. The remaining 1,600 square feet is an unfinished warehouse with high ceilings measuring 23 feet, two exterior doors, and a 10' x 12' garage door.
The building is constructed with aluminum and a brick front, with a covered porch and a metal roof. It is equipped with mini-splits for heat and air. There is ample parking on a concrete lot, and the property sits on a half-acre site within Stahl Road Business Park.
The combination of finished office improvements and an unfinished high-clearance warehouse makes the layout well-suited for operations that need both administrative space and flexible storage or workspace.
The building is constructed with aluminum and a brick front, with a covered porch and a metal roof. It is equipped with mini-splits for heat and air. There is ample parking on a concrete lot, and the property sits on a half-acre site within Stahl Road Business Park.
The combination of finished office improvements and an unfinished high-clearance warehouse makes the layout well-suited for operations that need both administrative space and flexible storage or workspace.
Key Highlights
- Commercial office/warehouse built in 2022 in Stahl Road Business Park (C‑1 building)
- Total 2,400 SF: 800 SF finished office space plus 1,600 SF unfinished warehouse with 23' high ceilings
- Office suite includes 3 offices, a training room with sink, refrigerator, and coffee station, plus 1 full bath and 1 half bath
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
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Sweetwater Event Center — 8335 Eagle Lake Dr, Evansville, IN 47715
FAQs
What type of property is this?
Flex space - Newer office and warehouse space in a business park with finished offices, high-ceiling warehouse, and multiple exterior access points.
Where is this flex space located?
The property is located at 10844 Stahl Rd 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 built in 2022 in Stahl Road Business Park (C‑1 building); Total 2,400 SF: 800 SF finished office space plus 1,600 SF unfinished warehouse with 23' high ceilings; Office suite includes 3 offices, a training room with sink, refrigerator, and coffee station, plus 1 full bath and 1 half bath
