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Property profile & analytics
FOR SALE
Commercial land

8950 High Pointe Dr Newburgh, IN 47630

5.12 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US31-0077365
Property summary
AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in the affluent Newburgh, Indiana suburb, situated within the Evansville MSA. The property, encompassing 2 to 5.12 acres, is ideally located at 8950 High Pointe Dr, Newburgh, IN 47630, and boasts high visibility along State Road 66, experiencing over 40,000 vehicles daily. The site benefits from a strong shadow anchor presence, including Walmart, Deaconess Hospital, and a future Meijer, ensuring substantial foot traffic and consumer draw. This prime location is already home to a diverse range of established businesses such as McAlister's Deli, a proposed Culver's, Burger King, Penn Station, and Popeye's, creating a vibrant and thriving commercial environment. The property is available for sale, ground lease, or build-to-suit arrangements, providing flexibility to suit various development plans. This presents a rare chance to establish a presence in a high-growth area with exceptional accessibility and strong surrounding businesses. The asking price is $850,000.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 5.12 ac (223,027 SF)
APN 87-12-22-309-028.000-019
UPID US31-0077365
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
Newburgh True Blue Holdings LLC · 3 yrs held
Newburgh True Blue Holdings LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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