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Property profile & analytics
OFF-MARKET
Commercial real estate

10488 Oak Grove Rd Newburgh, IN 47630

Individually Owned
Property ID
US31-2053436
Property summary
AI-generated overview

This exceptional 33.85-acre property, situated at the northeast corner of Epworth Road and Oak Grove Road in Newburgh, Indiana, presents a remarkable investment opportunity. Located at the gateway between Evansville and Newburgh, this land boasts unparalleled visibility and accessibility, with close proximity to major medical facilities, including Deaconess and St. Vincent's Hospitals, serving a population of 500,000. Its strategic location near I-69 and the East side of Evansville offers convenient access to key transportation routes. Currently zoned Agricultural, the property holds significant potential for commercial rezoning, especially considering the adjacent land's pending development for a large sports-related project. The level, farmable land has been cultivated for generations, ensuring a clean slate for development. A smaller 3.59-acre parcel on the southwest corner is also available for separate purchase. The area is further enhanced by the presence of major retailers like Costco, Sam's Club, and Walmart within a 2-mile radius. This property offers excellent ingress/egress from multiple points, maximizing its potential. The asking price is $5,100,000, and potential incentives may be available through Warrick County, Indiana. The APN is 82-04-33-002-873.001-019. This is a rare opportunity to acquire a significant land parcel in a rapidly growing area with high visibility and strong potential for development.

Property profile
Verified
Property type Commercial real estate
APN 82-04-33-002-873.001-019
UPID US31-2053436
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Todd M Dorsey
Todd M Dorsey
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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