3777 Haley DrNewburgh, IN 47630

Property Details for 3777 Haley Dr

Year built

1998

Construction

WOOD

Lot size

1.69 AC

Property size (Sq ft)

14,796 SF

Property type

Medical offices

Property subtype

Medical centers

APN

87-12-23-303-006.000-019

APU

871223303006000019

Description

This exceptional investment opportunity presents a 14,796-square-foot Class B executive office building located at 3777 Haley Drive, Newburgh, Indiana, 47630. The property, built in 1998 and renovated in 2024, sits on a 1.69-acre lot (APN: 87-12-23-303-06.000-019) and boasts excellent visibility from State Road 261. Currently 100% occupied by a single tenant under a NNN lease, this property offers a stable cash flow with a net operating income (NOI) of $62,500 and a 7.27% cap rate. The asking price is $860,000, translating to $58.12 per square foot. The tenant recently signed a 7+ year renewal in 2024, demonstrating strong tenancy. The building features 9,300 square feet on the first floor and benefits from a new roof installed in 2023. The property is zoned C-4, providing flexibility for future use. This offering presents a compelling opportunity to acquire a well-maintained, high-performing asset significantly below replacement cost with below-market rent. The property's strong tenant history and favorable lease terms make it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,556,040

  6.5%

  $2,359,421

  7%

  $2,190,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,273,640

  Geo Method

  $1,273,640

• Alternative Use

  Use

  Valuation

  Residential

  $2,925,682

  Hospitality

  $2,679,909

  Educational

  $2,229,653

  Medical

  $2,306,334

  Retail

  $3,468,349

Location Insight

City

Newburgh

County

Warrick

State

Indiana

Latitude

37.9803

Longitude

-87.3885

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].