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    8680 High Pointe Dr Newburgh, IN 47630

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    8680 High Pointe Dr Newburgh, IN 47630

    View on Map
    • Strip malls
    • 11,790 SF
    • 2.81 lot acres
    For Lease
    $1,420,000
    View Listing →
    Retail Space in Newburgh Commons For Lease
    $1,420,000

    Retail Space in Newburgh Commons

    Retail space ideal for restaurant, retail, or professional services.

    8680 High Pointe Dr, Newburgh, IN 47630
    View Listing
    Property ID
    US31-1946143
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • U-Vet Animal Clinic / Veterinary Clinic
    • Finley Tobacco and Vape (Smoke Shop) / (Bike/Boat/Book/etc) Store
    • GameStop / Arcade & Gaming Center / Electronics & Wireless Store
    • Jimmy John's / Take-out & Catering / Catering Service
    • Yu Jimmy DVM / Veterinary Clinic

    Property Details for 8680 High Pointe Dr

    Year built
    2010
    Construction
    WOOD
    Lot size
    2.81 lot acres
    Property size
    11,790 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    87-12-22-303-017.000-019
    APU
    871222303017000019

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,368,000
      Market price range: $353k - $2.28M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,200,000
      Current use
      RETAIL STORES
      $1,090,000
      Change: -9% Conversion: Easy
      RESTAURANT
      $1,075,000
      Change: -10% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.4061
    Latitude
    37.9799
    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
    $22,512
    $952,300
    $560,900
    $1,513,200
    -
    $952,300
    $560,900
    $1,513,200

    Comparable in this City

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      9,100 SF

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      8177 Bell Oaks Dr, Newburgh, IN 47630-2559
      View Details
    • Value Estimation
      $690,000
      1,400 SF

      7933 Bell Oaks Dr

      SHOPPING CENTER, STRIP CENTER • 1,400 SF
      7933 Bell Oaks Dr, Newburgh, IN 47630-2503
      View Details
    • Value Estimation by Request
      1,400 SF

      7937 Bell Oaks Dr

      SHOPPING CENTER, STRIP CENTER • 1,400 SF
      7937 Bell Oaks Dr, Newburgh, IN 47630-2503
      View Details
    • Value Estimation
      $785,000
      35,017 SF

      108 Market St

      SHOPPING CENTER, STRIP CENTER • 35,017 SF
      108 Market St, Newburgh, IN 47630
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    • Value Estimation
      $1,810,000
      91,290 SF

      7844 Fruitwood Ln

      SHOPPING CENTER, STRIP CENTER • 91,290 SF
      7844 Fruitwood Ln, Newburgh, IN 47630-8028
      View Details
    • Value Estimation by Request
      5,100 SF

      7530 Peachwood Dr

      SHOPPING CENTER, STRIP CENTER • 5,100 SF
      7530 Peachwood Dr, Newburgh, IN 47630-2693
      View Details

    Similar Nearby for Sale

    • $650,000

      Prime Commercial Land Opportunity

      1.16-acre commercial land for sale in Newburgh, Indiana.
      261 State St, Newburgh, IN 47630
      View Details
    • Contact for pricing

      Newburgh Land for Sale

      Land available in high-traffic Newburgh shopping and restaurant area.
      8200 High Pointe Dr, Newburgh, IN 47630
      View Details
    • $650,000

      Prime Commercial Land Opportunity

      1.16-acre commercial land for sale in a thriving location.
      261 State St, Newburgh, IN 47630
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    • $53,500
      0.16 Acres

      Residential Land in Pebble Creek

      Residential land for sale in Pebble Creek Subdivision.
      8511 Pebble Crk Dr, Newburgh, IN 47630
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    • $50,000
      0.33 Acres

      Residential Land in Hillside Meadow

      Land for new home construction in Newburgh, Indiana.
      1 Hillside Trl, Newburgh, IN 47630
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      Land For Sale in Newburgh

      Land available in high traffic shopping and restaurant area.
      8200 High Pointe Dr, Newburgh, IN 47630
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    Similar Nearby for Lease

    • Contact for pricing
      2,052 SF

      Retail Space in Growing Corridor

      Multi-tenant retail shopping center in Newburgh, Indiana for lease.
      8887 High Pointe Dr, Newburgh, IN 47630
      View Details
    • $18 SF/Yr

      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
    • Contact for pricing
      5,220 SF

      Retail Space in Schnucks Center

      Retail space available in a Schnucks-anchored shopping center.
      8301-8437 Bell Oaks Dr, Newburgh, IN 47630
      View Details
    • Contact for pricing

      Retail Space in Newburgh

      Retail space available immediately in Newburgh, Indiana.
      707 State St, Newburgh, IN 47630
      View Details
    • $18 SF/Yr
      12,000 SF

      End-Cap Retail Space with Drive-Through

      High-visibility retail space in Newburgh Commons Shopping Center.
      8680 High Pointe 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 Ln, Newburgh, IN 47630
      View Details
    View Listing
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    Newburgh, IN 47630
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    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
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