Property profile

630 Boonville New Harmony Rd Evansville, IN 47725

FOR SALE
Commercial land
Property ID
US31-3257221
0.41 ac lot
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This 0.41-acre commercial land parcel is ideally situated in Evansville, Indiana, at 630 Boonville New Harmony Rd, offering exceptional visibility and accessibility. Located just east of the signalized intersection of Hwy 41 ( boasting over 25,000 average daily traffic) and Boonville New Harmony Rd (with over 5,000 ADT), this property benefits from significant traffic flow. The site is part of a grocery-anchored center, adjacent to established businesses including Schnuck's Grocery, Old National Bank, German American Bank, Valvoline Oil Change, and The Philly Grill Restaurant. Across Boonville New Harmony Rd are CVS and Wendy's, while across Hwy 41 are the Vanderburgh 4-H Center, Heritage Federal Credit Union, Subway, Papa Johns, 5/3 Bank, and First Financial Bank. This prime location offers a strong demographic profile, with a 5-mile population exceeding 34,000 and an average household income of $107,844. The property is zoned C-4 and is priced at $230,000, representing a land value of $560,976 per acre. This presents a unique opportunity for developers and investors seeking high-traffic exposure in a thriving commercial area of Evansville, Vanderburgh County, Indiana (zip code 47725).

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.41 ac (18,077 SF)
APN 82-04-08-009-385.002-030
UPID US31-3257221

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

630 Boonville New Harmony Rd Evansville, IN 47725
Evansville metro Census 10702 EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2021
Last sale
$383,000
2 recorded transactions
2021
$383,000
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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