Residential Estate with Equestrian
7700 Henze Road Evansville, IN 47720
For Sale
$4,900,000
COMMERCIAL - Evansville, IN
Property Size33,000 SF
Lot Size35.00 Acres
Price / SF$148.48
Days on Market1056
Property Features for 7700 Henze Road
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Garage
Standard status
Active
APN
82-03-33-003-046.041-022
Lot size
35.00 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
To be surveyed and created prior to closing depending on what configuration the buyer and seller agree too.
Tax Annual Amount
76400
Utilities
Cooling system
Central Air
Water front features
Lake
Water front
1
Building Details
Year built
1997
Flooring type
Wood, Carpet, Tile - Ceramic
Roof type
Slate
Listing Agency:
Berkshire Hathaway HomeServices Indiana Realty
(812) 474-7000
Listed By:
James Keck · License #RB14039121
(812) 483-4894
Added: Sep 7, 2023
Changed: Jul 14
Last Checked: Jul 28 at 6:06AM
MLS# 202332384
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.
Investment Insights
Based on property information with market context.
The property at 7700 Henze Road is currently used as a single-family residence, totaling approximately 33,000 square feet of living and ancillary space within a 35-acre estate and equestrian setting. Interior highlights include a 2-story great room with grand curved staircases, an expansive main level with dining and multiple living spaces, and a pool area. The second level offers four additional bedrooms, each with its own full bath, plus two large offices and entertainment rooms including billiards, a game room, and a media room. Additional space includes a third-floor storage area and a basement with substantial storage and a vault with a wine cellar.
On the grounds, the equestrian center includes a show barn with living quarters above, a riding arena, two additional horse barns, and a guest house. There are attached and detached garages with space for up to 14 cars, along with a lake and open countryside views.
A featured interior area of approximately 11,000 square feet is described as having many potential options for commercial use, and the remarks note that successful rezoning could support uses such as an event center, corporate retreat or headquarters, museum, boutique hotel, and other comparable concepts.
On the grounds, the equestrian center includes a show barn with living quarters above, a riding arena, two additional horse barns, and a guest house. There are attached and detached garages with space for up to 14 cars, along with a lake and open countryside views.
A featured interior area of approximately 11,000 square feet is described as having many potential options for commercial use, and the remarks note that successful rezoning could support uses such as an event center, corporate retreat or headquarters, museum, boutique hotel, and other comparable concepts.
Key Highlights
- 33,000 SF home on 35 acres, currently used as a single‑family residence
- Lake setting with pool area and countryside views
- Equestrian facilities include show barn with living quarters above, riding arena, and 2 additional horse barns
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $534.6k | $16.20 |
| − Vacancy | −$31.0k | −$0.94 |
| EGI | $503.6k | $15.26 |
| − OpEx | −$226.6k | −$6.87 |
| NOI | $277.0k | $8.39 |
33,000 SF · lease $16.20/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.96M
$3.46M – $4.62M
NOI $276,976 @ 7.0% cap · market cap 5.65%
Second Best
Hotel Hospitality
$3.31M
$2.90M – $3.86M
NOI $231,739 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$8.19M
$7.17M – $9.56M
NOI $573,471 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - Single-family residence on 35 acres with equestrian center, riding arena, multiple barns, and extensive on-site accommodations.
Where is this single family property located?
The property is located at 7700 Henze Road Evansville, IN.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 33,000 SF home on 35 acres, currently used as a single‑family residence; Lake setting with pool area and countryside views; Equestrian facilities include show barn with living quarters above, riding arena, and 2 additional horse barns
