Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial/Office Space Near Highway 261 Title is generated by Realmo AI

    5812 Prospect Dr, Newburgh, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

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

    Type:INDUSTRIAL
    Property size:
    8,360 SF
    Lot size:
    1.23 Acres
    Price / SF:
    $89/SF
    Added:
    Nov 24, 2025
    Days on Market:
    174
    Last Refresh:
    Apr 5 at 8:47 pm

    Property Features for 5812 Prospect Dr

    General Information

    Standard status
    Active
    Size
    8,360 SF
    Lot size
    1.23 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Kenneth M. Newcomb, Jr.

    Listing agent Kenneth M. Newcomb, Jr.

    Listing office F.C. Tucker Commercial

    Listing date Nov 24, 2025

    Source Moodyscre

    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 F.C. Tucker Commercial

    HighLights

    • 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.
    • Office Space: Features 8 private offices, a reception area, 2 restrooms, a file room, and a small kitchen.
    • Lay Down Yard: Perfect for equipment and/or supply storage.
    • Convenient Location: Situated just north of Newburgh Proper and east of Highway 261.

    Overview

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    • Martin Brothers Storage — 5833 Prospect Lane A, Newburgh, IN 47630
    • A1 Maxi Storage — 5300 Vann Rd, Newburgh, IN 47630

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.355
    Latitude
    37.986

    Nearby Similar for Sale

    • $449,000

      Newburgh Office/Showroom & Warehouse Space

      2022-built office/warehouse with high ceilings and ample parking.
      10844 Stahl Road, Newburgh, IN 47630
      View Details
    • $1,500,000
      18,800 SF

      Two-Building Office Campus For Sale

      Well-maintained office campus in Newburgh, Indiana, ideal for various uses.
      5422 Darlington Rd, Newburgh, IN 47630
      View Details
    • $1,500,000

      Two-Building Office Campus For Sale

      Well-maintained office campus in Newburgh, Indiana, ideal for various uses.
      5422 Darlington Rd, Newburgh, IN 47630
      View Details
    • $3,135,000
      12,172 SF

      Medical Center Investment Opportunity

      Two-tenant medical center in Newburgh, Indiana for sale.
      4311 Old Indiana 261, Newburgh, IN
      View Details

    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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kenneth M. Newcomb, Jr.
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5812 Prospect Dr, Newburgh, IN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!