Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Commercial Land Opportunity Title is generated by Realmo AI

    520 E Van Trees Street, Washington, IN 47501

    View on Map
    Claim this Listing
    For Sale
    $350,000

    Other/Unknown - Washington, IN

    Lot size:
    0.15 Acres
    Added:
    May 15, 2026
    Days on Market:
    21
    Last Refresh:
    Jun 4 at 7:06 pm

    Property Features for 520 E Van Trees Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Paved or Surfaced
    Interior features
    Other, None
    Exterior features
    None
    Standard status
    Active
    APN
    14-10-27-404-057.000-017
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3345

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Floors in Building
    1
    Flooring type
    Other
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Shelley Brinson
    Shelley Brinson

    Listing agent Shelley Brinson License #RB14036420

    Listing office Century 21 Classic Realty 200 E Main St, Washington, IN

    Listing date May 15, 2026

    MLS# 202618425 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

    This commercial land offers an opportunity in a central Washington location. Situated near Main Street, the property allows access to schools, downtown businesses, restaurants, shopping, and other community amenities. The location provides visibility and convenience, with potential for business, office, retail, or investment opportunities. The property is located in a high traffic area with accessibility, making it a setting for establishing a business in Washington. The lot size is 0.15 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Daviess
    State
    Indiana
    Longitude
    -87.169754
    Latitude
    38.657944

    Nearby Similar for Sale

    • $178,000

      Versatile Commercial Property in Washington

      Commercial property with office spaces, garage, and potential for various uses.
      11 N Meridian Street, Washington, IN 47501
      View Details
    • $284,900
      3,800 SF

      Adaptable Commercial Property For Sale

      Multi-functional commercial property with adaptable space for various uses.
      206 & 208 S Meridian Street, Washington, IN 47501
      View Details
    • $1,390,000

      Updated Turkey Farm on 8 Acres

      Fully updated, highly productive turkey facility on 8 acres.
      260 South, Washington, IN 47501
      View Details
    • $135,900

      Downtown Mixed-Use Investment Opportunity

      Two-story brick building with storefront and apartments in revitalized downtown.
      104 E Main Street, Washington, IN 47501
      View Details
    • $1,149,900
      2,773,160 SF

      Versatile Southern Indiana Countryside

      63.66 acres with pasture, tillable ground, woods, and water.
      8420 North 150 East, Washington, IN 47501
      View Details
    • $1,000

      Livestock Transfer Station For Sale

      Well-equipped livestock transfer station with convenient access and ample space.
      520 N 450 E, Washington, IN 47501
      View Details
    • $1,500,000

      Prime Farmland Near Interstate 69

      104+ acre field with tillable ground near Washington, Indiana.
      1557 S State Rd 257, Washington, IN 47501
      View Details
    • $190,000

      Industrial Land in Washington, IN

      1.53 acre industrial lot in established industrial park.
      1870 E Waller Drive, Washington, IN 47501
      View Details
    • $80,000
      696 SF

      Fully Rented Investment Opportunity

      Duplex with high cap rate and steady income.
      1204 West Van Trees Street, Washington, IN 47501
      View Details
    • $26,500

      Residential Land in Washington, IN

      Vacant lot ideal for building a home or investment property.
      510 NW 10th Street, Washington, IN 47501
      View Details
    • $414,205

      Productive Farmland with Irrigation System

      48.73 acres of well-maintained, irrigated farmland for sale.
      2200 N 150 W Road, Washington, IN 47501
      View Details
    • Contact for pricing
      8,358 SF

      Washington Industrial Property For Sale

      8,358 square foot industrial property in Washington, Indiana.
      119 North Commercial Park Drive, Washington, IN, 47501
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in central Washington, near amenities and businesses.
    Where is this commercial land located?
    The property is located at 520 E Van Trees Street Washington, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    (812) 486-8317
    We can help!
    Listing Contact
    Shelley Brinson
    Shelley Brinson
    Real Estate License ID: RB14036420
    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

    Thank You for Inquiry
    520 E Van Trees Street, Washington, IN 47501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!