Add Listing
    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

    2810 WASHINGTON Avenue Vincennes, IN 47591

    View on Map
    Picture of Nursery and garden centers at 2810 WASHINGTON Avenue, Vincennes, IN
    For Sale
    $89,999

    Special Purpose - Vincennes, IN

    Lot size:
    1.14 Acres
    Added:
    Aug 10, 2025
    Days on Market:
    234
    Last Refresh:
    Mar 31 at 5:06 pm

    Property Features for 2810 WASHINGTON Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Parking features
    Off Street
    Interior features
    Drywall, Other
    Exterior features
    Other
    Standard status
    Active
    APN
    42-12-14-204-003.000-022
    Lot size
    1.14 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1893

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Floors in Building
    2
    Roof type
    Asphalt, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Jay Foster

    Listing agent Jay Foster License #RB14051914

    Listing office RE/MAX REVOLUTION 106 S Fifth St., Princeton, IN

    Listing date Aug 10, 2025

    MLS# 202531654 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.

    Overview

    Vincennes Special Purpose Property

    This specialty property is located in Vincennes, Indiana, specifically at 2810 WASHINGTON Avenue, within Knox County. The lot encompasses 1.136 acres. It is classified under property types that include nursery and garden centers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nursery and garden centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Simpson Nursery Company — 1504 Old Wheatland Rd, Vincennes, IN 47591

    Location Insight

    • Map
    • Local Demand
    City
    Vincennes
    County
    Knox
    State
    Indiana
    Longitude
    -87.493167
    Latitude
    38.688439

    Nearby Similar for Sale

    • $299,900

      Operating Kennel Business For Sale

      Actively operating kennel business with 20 dog kennels.
      433 S Hickory Corner Road, Vincennes, IN 47591
      View Details
    • $289,900
      2,402 SF

      Vincennes Investment Opportunity

      Remodeled units with potential for various uses.
      1904 Washington Avenue, Vincennes, IN 47591
      View Details
    • $194,900

      Downtown Vincennes Mixed-Use Building

      Two-story commercial building in historic downtown Vincennes.
      423 Main Street, Vincennes, IN 47591
      View Details
    • $229,900

      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
    • $329,900
      3,400 SF

      Vincennes Fourplex with Commercial Space

      Fully occupied fourplex with commercial space in central Vincennes.
      624,628,634,638 Broadway Street, Vincennes, IN 47591
      View Details
    • $570,000

      Historic Bar and Event Space

      Multifunctional building in downtown Vincennes with bar, dining, and patio.
      101 N 2nd Street, Vincennes, IN 47591
      View Details
    • $139,900

      Downtown Vincennes Office with Potential

      Prime downtown Vincennes office space with flexible configuration options.
      120 & 122 N 7th Street, Vincennes, IN 47591
      View Details
    • $325,000

      Vincennes Shop/Warehouse Buildings For Sale

      Shop/warehouse buildings near U.S. Highway 50/U.S. Highway 41 interchange.
      2409 Chestnut Street, 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 Street, Vincennes, IN 47591
      View Details
    • $299,900
      2,944 SF

      Operating Kennel Business For Sale

      Actively operating kennel business with 20 dog kennels for sale.
      433 S Hickory Corner Rd, Vincennes, IN 47591
      View Details
    • $1,740,000
      10,125 SF

      CVS Absolute NNN Asset

      10,125 SF CVS NNN property for sale.
      1500 Hart St, Vincennes, IN
      View Details
    • $50,000
      6,760 SF

      Free-Standing Retail Building For Sale

      Vacant retail building in Vincennes, Indiana, formerly Advance Auto Parts.
      1575 Hart St, Vincennes, IN 47591
      View Details

    FAQs

    What type of property is this?
    Nursery and garden center - Specialty property on 1.136 acres in Vincennes, Indiana.
    Where is this nursery and garden center located?
    The property is located at 2810 WASHINGTON Avenue Vincennes, IN.
    What is the asking price?
    The asking price for this property is $89,999.
    What are key features of this property?
    This property features: Central Air Conditioning for year‑round comfort.; Natural Gas Heating.; Off Street Parking available.
    (812) 664-0845
    We can help!
    Listing Contact
    Jay Foster
    Real Estate License ID: RB14051914
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!