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    4311 Old Indiana 261 Newburgh, IN

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    For Sale
    $3,135,000

    Two-tenant medical center in Newburgh, Indiana for sale.

    Property size:
    12,172 SF
    Lot size:
    3.18 Acres

    Property Features for 4311 Old Indiana 261

    General Information

    Size
    12,172 SF
    Lot size
    3.18 Acres

    Source: SVN | The Martin Group Agent Richard A. Clements

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Center Investment Opportunity

    This property offers the opportunity to acquire a fee simple interest in a two-tenant medical center located in Newburgh, Indiana, part of the Evansville MSA. The building has 12,172 square feet of leasable area. DaVita Dialysis occupies approximately 9,672 square feet. The remaining space is occupied by a wellness center. The weighted average lease term (WALT) is 5.05 years, and both tenants have multiple five-year renewal options. The leases include annual rental increases of 3%. DaVita Dialysis, founded in 1994, is a major provider of kidney care in the U.S.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.41
    Latitude
    37.94

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    FAQs

    What type of property is this?
    Medical office - Two-tenant medical center in Newburgh, Indiana for sale.
    Where is this medical office located?
    The property is located at 4311 Old Indiana 261 Newburgh, IN.
    What is the asking price?
    The asking price for this property is $3,135,000.
    What are key features of this property?
    This property features: - Two-tenant medical center investment property.; - DaVita Dialysis is a major tenant, occupying approximately 9,672 SF.; - Weighted Average Lease Term (WALT) is 5.05 years.
    (812) 746-8569
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    Realmo Value Estimation

    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.

    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.

    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
    4311 Old Indiana 261 Newburgh, IN
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