Remodeled Office Suite with Private
2041 Washington Ave Evansville, IN 47714
For Sale
$130,000
Remodeled office suite with two private offices, a large reception area, and paved parking for up to six vehicles.
Property Size924 SF
Price / SF$140.69
Days on Market69
Property Features for 2041 Washington Ave
General Information
Standard status
Active
Size
924 SF
Listing Agency:
J Realty LLC
(812) 454-6364
Listed By:
Shelley McGolden
(812) 454-6364
Source:
Exprealty
Added: May 21
Changed: Jul 22
Last Checked: Jul 27 at 1:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of J Realty LLC
Investment Insights
Based on property information with market context.
This remodeled office suite offers approximately 924 sq ft of updated interior space with two private offices, including one office with a private entrance. The layout also includes a large reception area, a break room with a sink area, and a separate copy room.
The property is located near the intersection of Weinbach and Washington and is described as a high-traffic location. Exterior parking includes a paved area that fits up to six cars.
The roof is approximately two years old, and the interior was refreshed in 2020. The owner will consider a lease in addition to the for-sale offering.
The property is located near the intersection of Weinbach and Washington and is described as a high-traffic location. Exterior parking includes a paved area that fits up to six cars.
The roof is approximately two years old, and the interior was refreshed in 2020. The owner will consider a lease in addition to the for-sale offering.
Key Highlights
- Remodeled office space with 924 SF +/- including two private offices and a large reception area
- One private office includes its own private entrance
- Break room with sink area plus copy room
Financial Insights For Office B
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 | $17.7k | $19.20 |
| − Vacancy | −$2.7k | −$2.98 |
| EGI | $15.0k | $16.22 |
| − OpEx | −$3.7k | −$4.06 |
| NOI | $11.2k | $12.17 |
924 SF · lease $19.20/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$160.6K
$140.5K – $187.4K
NOI $11,243 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$229.4K
$200.7K – $267.6K
NOI $16,057 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Remodeled office suite with two private offices, a large reception area, and paved parking for up to six vehicles.
Where is this office units located?
The property is located at 2041 Washington Ave Evansville, IN.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Remodeled office space with 924 SF +/- including two private offices and a large reception area; One private office includes its own private entrance; Break room with sink area plus copy room
