Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Schnucks Center Title is generated by Realmo AI

    8301-8437 Bell Oaks Dr, Newburgh, IN

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available in a Schnucks-anchored shopping center.

    Type:RETAIL
    Property size:
    5,220 SF
    Lot size:
    13.60 Acres
    Added:
    Apr 11, 2024
    Days on Market:
    786
    Last Refresh:
    May 20 at 9:12 pm

    Property Features for 8301-8437 Bell Oaks Dr

    General Information

    Standard status
    Active
    Size
    5,220 SF
    Lot size
    13.60 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 8301-8437 Bell Oaks Dr Contact us

    We can help!

    Listing Contact
    Kyle Nageleisen
    Kyle Nageleisen

    Listing agent Kyle Nageleisen

    Listing office Midland Atlantic Properties

    Listing date Apr 11, 2024

    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 Midland Atlantic Properties

    HighLights

    • Schnucks Grocery Anchored Center (94,958 Square Feet)
    • Strong Traffic Counts: 35,000 ADT Along Indiana State Route 66
    • Located in Newburgh, IN, a Prominent Suburb of Evansville, IN
    • Part of the Evansville Metropolitan Area with a Population of 362,263 (2017)
    • Host of Strong National/Regional Tenants (H&R Block, Great Clips, Edward Jones, PostNet, Etc.)
    • Largest Metropolitan Area in the Illinois‑Indiana‑Kentucky Tri‑state Area

    Overview

    This retail space is located within a 94,958 square foot shopping center anchored by Schnucks grocery store. The center hosts a variety of national and regional tenants, including H&R Block, Great Clips, Edward Jones, and PostNet. The location benefits from strong traffic counts of 35,000 ADT along Indiana State Route 66. Situated in Newburgh, Indiana, a suburb of Evansville, the property is part of the Evansville metropolitan area, which has a population of 362,263 (2017) and is the largest metropolitan area in the Illinois-Indiana-Kentucky tri-state area. The available space is 5,220 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Bell Oaks Shopping Center — 8301 Bell Oaks Dr, Newburgh, IN 47630
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Jay C Food Store, 7844 W State Road 66, Newburgh, IN 47630

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.404
    Latitude
    37.9751

    Nearby Similar for Lease

    • $18 SF/Yr
      2,450 SF

      Retail Space Near Super Wal-Mart

      Prime retail space in high-traffic Newburgh Commons Shopping Center.
      8680 High Pointe Dr, Newburgh, IN 47630
      View Details
    • $13 SF/Yr
      1,500 SF

      New Small-Bay Industrial Development

      Small-bay industrial bays for contractors, light manufacturing, and distribution.
      7390 Peachwood Dr, Newburgh, IN 47630
      View Details
    • $1,600/Mo
      3,550 SF

      Customizable Office Suite in Newburgh

      2,000 SF office suite in established medical corridor.
      5055 S Newburgh Plaza Drive, Newburgh, IN 47630
      View Details
    • $9 SF/Yr
      6,968 SF

      Newburgh Office Space For Lease

      Two-story office building in high-growth area, minutes from Evansville.
      4266 Bell Rd, Newburgh, IN 47630
      View Details
    • $13 SF/Yr
      1,500 SF

      Newburgh Industrial Bays For Lease

      Small-bay industrial development with flexible build-outs, immediate occupancy.
      7390 Peachwood Dr, Newburgh, IN 47630
      View Details
    • $23 SF/Yr

      Prime Commercial Space with Drive-Thru

      High-visibility commercial space with drive-thru in Newburgh, Indiana.
      3922 Orchard Lane, Newburgh, IN 47630
      View Details
    • $9 SF/Yr

      Newburgh Office Space For Lease

      Class A office space in high-growth Newburgh, Indiana.
      4266 Bell Rd, Newburgh, IN 47630
      View Details
    • Contact for pricing

      Retail Space in Lowell, Indiana

      New retail space under construction with high visibility.
      17980-9 Brandywine Dr, Newburgh, IN 46356
      View Details
    • Contact for pricing
      5,419 SF

      Retail Space in Newburgh, IN

      Retail space available for lease with high visibility.
      4011 IN-261, Newburgh, IN
      View Details
    • $17 SF/Yr

      Retail Space in Newburgh

      Retail space available immediately in Newburgh, Indiana.
      707 State St, Newburgh, IN 47630
      View Details
    • $12 SF/Yr
      10,000 SF

      Office Space with I-69 Visibility

      Office space for lease with high visibility and convenient location.
      5177 Rosebud Ln, Newburgh, IN
      View Details
    • $18 SF/Yr

      Retail Space in Newburgh Commons

      Retail space ideal for restaurant, retail, or professional services.
      8680 High Pointe Dr, Newburgh, IN 47630
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a Schnucks-anchored shopping center.
    Where is this shopping center located?
    The property is located at 8301-8437 Bell Oaks Dr Newburgh, IN.
    What are key features of this property?
    This property features: Schnucks Grocery Anchored Center (94,958 Square Feet); Strong Traffic Counts: **35,000 ADT Along Indiana State Route 66**; Located in Newburgh, IN, a Prominent Suburb of Evansville, IN
    (513) 792-5000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Nageleisen
    Kyle Nageleisen
    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
    8301-8437 Bell Oaks 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!