Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1.88 Acres Off Hart St Vincennes, IN 47591

    Sponsored
    For Sale
    $195,000

    Mixed Use, Vacant - Vincennes, IN

    Type:Mixed Use
    Lot size:
    1.88 Acres
    Days on Market:
    520
    Last Refresh:
    Feb 5 at 8:06 pm

    Property Features for 1.88 Acres Off Hart St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    RA
    APN
    00-00-00-000-000.000-000
    Parking features
    None
    Interior features
    None
    Exterior features
    None
    Lot size
    1.88 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    2023
    Flooring type
    Other
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Heath Klein
    Heath Klein

    Klein Realty and Auction, Inc. (812) 882-2202

    Listing agent Heath Klein (812) 882-2202 License #RB14031758

    Listing date Sep 4, 2024

    MLS# 202332501 Listing URL

    Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Vincennes Commercial Lot For Sale

    This 1.88-acre lot, accessible from Hart Street in Vincennes, Indiana, is a potential commercial property ready for development. The site benefits from easy highway access and the availability of city utilities. It is surrounded by existing commercial properties, offering a promising environment for various business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Vincennes
    County
    Knox
    State
    Indiana
    Longitude
    -87.50204524155
    Latitude
    38.655903956403

    Nearby Similar for Sale

    • $350,000
      0.19 Acres

      Established Restaurant/Bar in Vincennes, IN

      Restaurant/bar with recent upgrades and social media following for sale.
      1008 Main Street Rd, Vincennes, IN 47591
      View Details
    • $229,900
      0.70 Acres

      Mixed-Use Property in Vincennes, IN

      Mixed-use property featuring shop, warehouse, and office space with expansion potential.
      1985 S Old Us 41, Vincennes, IN 47591
      View Details
    • $339,900
      0.11 Acres

      Downtown Vincennes Destination Opportunity

      Prime location with bar equipment, rental income, and expansion potential.
      124 Main Street Rd, Vincennes, IN 47591
      View Details
    • $69,900
      Pending

      Commercial Building in Vincennes, Indiana

      Metal-sided commercial building with parking and storage in Vincennes, IN.
      906 N 10Th St, Vincennes, IN 47591
      View Details
    • New
      $289,900
      2,402 SF

      Vincennes Investment Opportunity

      Remodeled units with potential for various uses.
      1904 Washington Ave, Vincennes, IN 47591
      View Details
    • $139,900
      0.05 Acres

      Downtown Vincennes Office with Potential

      Prime downtown Vincennes office space with flexible configuration options.
      120 N 7Th St, Vincennes, IN 47591
      View Details
    • $570,000
      0.15 Acres

      Historic Bar and Event Space

      Multifunctional building in downtown Vincennes with bar and event space.
      101 N 2Nd St, Vincennes, IN 47591
      View Details
    • $329,900
      3,400 SF

      Vincennes Fourplex with Commercial Space

      Fully occupied fourplex with commercial space in central Vincennes.
      624 Broadway St, Vincennes, IN 47591
      View Details
    • $194,900
      0.08 Acres

      Downtown Vincennes Mixed-Use Building

      Two-story commercial building in historic downtown Vincennes.
      423 Main Street Rd, Vincennes, IN 47591
      View Details
    • $325,000
      14,333 SF

      Vincennes Shop/Warehouse Buildings For Sale

      Shop/warehouse buildings near U.S. Highways 50/41 in Vincennes, Indiana.
      2409 Chestnut St, Vincennes, IN 47591
      View Details
    • $89,999
      1.14 Acres

      Vincennes Special Purpose Property

      Specialty property on 1.136 acres in Vincennes, Indiana.
      2810 Washington Ave, Vincennes, IN 47591
      View Details
    • Contact for pricing
      6,760 SF

      Retail Space on Hart Street

      Retail property with high visibility in a commercial corridor.
      1575 Hart St, Vincennes, IN 47591
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.88 acre commercial lot with highway access in Vincennes.
    Where is this commercial land located?
    The property is located at 1.88 Acres Off Hart St Vincennes, IN.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: - 1.88 Acre lot ready for commercial development.; - Easy highway access.; - City utilities available.
    (812) 291-2202
    Request Owner's contact information
    1.88 Acres Off Hart St Vincennes, IN 47591
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1.88 Acres Off Hart St
    Vincennes, IN 47591
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1.88 Acres Off Hart St Vincennes, IN 47591
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Heath Klein
    Heath Klein
    Real Estate License ID: RB14031758
    (812) 291-2202
    Learn more
    Google sign-in failed. Please try again or use another login method.