Flex Space with Finished Offices and
For Sale
$449,000
10844 Stahl Road, Newburgh, IN 47630
COMMERCIAL - Newburgh, IN
Property Size2,400 SF
Lot Size0.48 Acres
Price / SF$187.08
Days on Market93
Property Features for 10844 Stahl Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Stahl Road Business Park
Directions
From Lloyd Expressway, go North on Epworth, left on Stahl, building is down on the right.
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
Legal Description
Lot 2 Stahl Road Business Park
Amenities
covered porch
mini-splits
training room
Building Details
Year built
2022
Flooring type
Laminate, Concrete
Roof type
Metal
Listing Agency:
RE/MAX REVOLUTION · RE/MAX International
(812) 573-0030
Listed By:
Donovan Wilkins · License #RB14028554
(812) 430-4851
Added: May 4
Changed: Aug 3
Last Checked: Aug 4 at 5:06AM
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.
Flex space commercial office/warehouse building in Stahl Road Business Park, totaling 2,400 SF and built in 2022. The finished office area totals 800 SF and includes three offices, a training room with sink, refrigerator, and coffee station, plus one full bath and one half bath. The remaining 1,600 SF is an unfinished warehouse with high ceilings (23'), two exterior doors, and a 10' x 12' garage door.
The building is constructed of aluminum with a brick front, covered porch, and a metal roof. Heating and air are provided by mini-splits, and the flooring includes laminate in the office areas and concrete in the warehouse. An ample parking area is provided on a concrete lot on a 0.48-acre parcel at 10844 Stahl Road, Newburgh, IN 47630.
The building is constructed of aluminum with a brick front, covered porch, and a metal roof. Heating and air are provided by mini-splits, and the flooring includes laminate in the office areas and concrete in the warehouse. An ample parking area is provided on a concrete lot on a 0.48-acre parcel at 10844 Stahl Road, Newburgh, IN 47630.
Key Highlights
- 2,400 SF total flex space building built in 2022
- Finished office area totals 800 SF with three offices plus training room, full bath, and half bath
- Unfinished warehouse totals 1,600 SF with 23' high ceilings
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 47630, IN
38,309
Population
15,620
Households
2.5
Avg Household Size
41
Median Age
44%
College-Educated
97%
High-School Grad
47.0 sq mi
ZIP Area
815
Density / Sq Mi
$101,462
Median Household Income
$53,105
Median Earnings
$1,108
Median Rent
$255,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - C-1 zoned flex space in Stahl Road Business Park with finished office areas and a high-ceiling warehouse.
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: 2,400 SF total flex space building built in 2022; Finished office area totals 800 SF with three offices plus training room, full bath, and half bath; Unfinished warehouse totals 1,600 SF with 23' high ceilings
