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    Property profile & analytics

    8122 State Rd 261 Newburgh, IN 47630

    • Retail space
    • 1,260 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $405,000
    Last Sale
    Jun 15, 2021
    Location Intelligence
    Property ID
    US31-2703441
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 8122 State Rd 261

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.40 lot acres
    Property size
    1,260 SF
    Property type
    Retail space
    APN
    87-12-27-400-145.000-019
    APU
    871227400145000019

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.3982
    Latitude
    37.9622
    CBSA code
    21780
    CBSA name
    EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,377
    $75,000
    $84,800
    $159,800
    -
    $75,000
    $84,800
    $159,800

    Comparable in this City

    • Value Estimation by Request
      9,075 SF

      100 State St

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    • Value Estimation by Request
      1,124 SF

      218 Jennings St

      RETAIL STORES (PERSONAL SERVICES) • 1,124 SF
      218 Jennings St, Newburgh, IN 47630-1110
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    • Value Estimation by Request
      3,168 SF

      8245 High Pointe Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,168 SF
      8245 High Pointe Dr, Newburgh, IN 47630-3070
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    • Value Estimation
      $380,000
      3,900 SF

      4111 Merchant Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,900 SF
      4111 Merchant Dr, Newburgh, IN 47630-2551
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    • Value Estimation by Request
      9,100 SF

      6933 Sharon Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,100 SF
      6933 Sharon Rd, Newburgh, IN 47630-1930
      View Details
    • Value Estimation by Request
      9,700 SF

      4877 State Rte 261

      RETAIL STORES (PERSONAL SERVICES) • 9,700 SF
      4877 State Rte 261, Newburgh, IN 47630-2838
      View Details

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    Similar Nearby for Lease

    • $21 SF/Yr
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      Prime Commercial Space with Drive-Thru

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    • $10 SF/Yr
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      State Road 66 Retail Space

      Prime Retail/Restaurant Opportunity, 1,250 SF
      7777 In-66, Newburgh, IN 47630
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    8122 State Rd 261
    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
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