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    5225 Pearl Dr Evansville, IN 47712

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    For Sale
    $2,600,000

    Fully occupied retail center in a high-traffic Evansville location.

    Property size:
    15,250 SF

    Property Features for 5225 Pearl Dr

    General Information

    Size
    15,250 SF

    Building Details

    Year built
    2000

    Source: Chris Stuard Agent Chris Stuard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Evansville Retail Center For Sale

    Located at 5225 Pearl Dr in Evansville, IN, this multi-tenant retail center offers 15,250 square feet of space on a 1.26-acre lot. Constructed in 2000, the property is currently 100% occupied with established tenants operating under NNN leases, which ensures minimal landlord responsibilities. Tenants include Azzip Pizza, OneMain Financial, and State Farm, among others, with many demonstrating long-term occupancy. Situated in Evansville's west side retail corridor, the center benefits from high visibility and accessibility, with nearby national retailers such as Walmart Supercenter, The Home Depot, Lowe’s, Aldi, and Kohl’s. The property is also located minutes from the University of Southern Indiana, which has over 9,000 students, faculty, and staff. The property is located on Evansville's Westside, with nearly a 28,000 population living within 3 miles, and sits directly in front of Home Depot and Walmart. The property offers a projected capitalization rate of approximately 7.5%, based on an annual income of $195,363, making it suitable for investors seeking a stable, income-generating asset.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Curt Hamilton Injury ... Personal Injury Attorney The CBD Store Health Food Store Azzip Pizza Pizza Restaurant Brian Southern - State ... Insurance Agency Cool Breeze Vapor Vaporizer Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    University Village, Red Bank Commons, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.6390494
    Latitude
    37.9753028

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    FAQs

    What type of property is this?
    Shopping center - Fully occupied retail center in a high-traffic Evansville location.
    Where is this shopping center located?
    The property is located at 5225 Pearl Dr Evansville, IN.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - 100% Occupancy with Established Tenants: Ensures immediate and consistent income stream.; - NNN Leases: Minimizes landlord responsibilities and operational overhead.; - Strategic Location in Thriving Retail Corridor: Offers excellent visibility, access, and high traffic counts.
    (812) 589-3368
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    Realmo Value Estimation

    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.

    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.

    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
    5225 Pearl Dr Evansville, IN 47712
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