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    5812 Prospect Dr Newburgh, IN 47630

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    For Sale
    $750,000

    Industrial/office space zoned M-2 with warehouse and shop areas.

    Property size:
    8,360 SF
    Lot size:
    1.23 Acres

    Property Features for 5812 Prospect Dr

    General Information

    Size
    8,360 SF
    Lot size
    1.23 Acres

    Source: F.C. Tucker Commercial Agent Kenneth M. Newcomb, Jr.

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

    Overview

    Industrial/Office Space Near Highway 261

    This industrial and office property is located just north of Newburgh and east of Highway 261. Zoned M-2, the property allows for manufacturing, warehousing, and office use. The building features a reception entrance with double glass doors, eight private offices, two restrooms, a file room, and a small kitchen. The rear of the building includes two warehouse and shop areas. The larger warehouse and shop area is heated and has an overhead door. The smaller warehouse and shop area, along with the rest of the building, has central HVAC. The lot is rocked, providing parking in the front and back of the building. The remaining rear lot is suitable as a lay-down yard for equipment or supplies. The property size is 8360 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Spa & Massage Building Supply Auto Repair Shop Hotel & Motel Pharmacy Gym & Fitness Department Store Kitchen & Bath Storage Facility Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Martin Brothers Storage, A1 Maxi Storage

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.355006
    Latitude
    37.985955

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    FAQs

    What type of property is this?
    Warehouse - Industrial/office space zoned M-2 with warehouse and shop areas.
    Where is this warehouse located?
    The property is located at 5812 Prospect Dr Newburgh, IN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Zoned M-2: Ideal for manufacturing, warehousing, and office uses.; - Two Warehouse/Shop Areas: Includes a larger HEATED area with an overhead door.; - Central HVAC Throughout: Enjoy climate control in the entire building.
    (812) 204-4004
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    5812 Prospect Dr Newburgh, IN 47630
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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
    5812 Prospect Dr Newburgh, IN 47630
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