Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    848 S Green River Rd Evansville, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available for lease in Evansville, Indiana.

    Type:RETAIL
    Property size:
    1,100 SF
    Lot size:
    25.23 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    139
    Last Refresh:
    Apr 5 at 8:54 pm

    Property Features for 848 S Green River Rd

    General Information

    Standard status
    Active
    Size
    1,100 SF
    Lot size
    25.23 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Joseph Kiefer

    Listing agent Joseph Kiefer

    Listing office Hahn Kiefer Real Estate Services

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Hahn Kiefer Real Estate Services

    Overview

    Retail Space in Evansville, Indiana

    Located in Evansville, Indiana, the county seat of Vanderburgh County, this retail space offers 1100 square feet. Evansville is the largest city in Southern Indiana and the Illinois, Indiana, Kentucky tri-state area, with a population of over 911,000 people. The city serves as the region’s economic hub and is home to both public and private enterprises, including three NYSE companies headquartered in Evansville: Accuride, Berry Global, and Springleaf. Evansville is home to the state’s first casino, Tropicana Evansville, and one of the state’s oldest and largest zoos, the Mesker Park Zoo and Botanic Garden. The city also has several educational institutions, including the University of Evansville and the University of Southern Indiana. Evansville is located less than 200 miles from Indianapolis (176 miles), Nashville (156 miles), Louisville (126 miles), and St. Louis (174 miles).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dunkin' Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.4957
    Latitude
    37.9813

    Nearby Similar for Lease

    • Contact for pricing

      Prime Location Mixed-Use Opportunity

      Mixed-use property with high traffic, ideal for retail or office.
      4115 E Morgan Avenue, Evansville, IN 47715
      View Details
    • Contact for pricing

      Renovated Office Space in Evansville

      Landmark building with quality office space available for lease.
      915 Main Street, Evansville, IN 47708
      View Details
    • Contact for pricing

      Medical Office Space Available

      Office suite with exam rooms, ideal for medical professionals.
      2809 Lincoln Avenue, Evansville, IN 47714
      View Details
    • Contact for pricing

      Renovated Office Space in Evansville

      Landmark building with quality office space available for lease.
      915 Main Street, Evansville, IN 47708
      View Details
    • Contact for pricing

      Move-in Ready Office with Aquarium

      Well-maintained office building with unique features and ample parking.
      15 Vann Avenue, Evansville, IN 47714
      View Details
    • $28/mo

      Retail/Fitness Space in Evansville

      2,500 SF retail/fitness space in premier mixed-use development.
      6432 E. Florida St., Suite 102, Evansville, IN 47715
      View Details
    • Contact for pricing

      Modern Office Space For Rent

      Competitively priced office space in thriving Evansville, Indiana.
      3420 E Morgan, Evansville, IN 47715
      View Details
    • Contact for pricing

      Versatile Suite on Franklin Street

      Spacious suite suitable for retail, showroom, or office use.
      2231 2233 W Franklin St, Evansville, IN 47712
      View Details
    • $7/mo

      Retail Spaces on Covert Avenue

      Retail spaces available in a high-traffic commercial area.
      1321 Covert Avenue, Evansville, IN 47714
      View Details
    • $7/mo

      Versatile Flex Space Available

      Adaptable space with office, retail, and warehouse areas.
      2526 N. Burkhardt Rd., Evansville, IN 47715
      View Details
    • $7/mo

      Versatile Flex Space Available

      Adaptable space with office, retail, and warehouse areas.
      2526 N. Burkhardt Rd., Evansville, IN 47715
      View Details
    • $12/mo

      Downtown Evansville High-Tech Incubator

      High-tech business incubator in the heart of Downtown Evansville.
      318 Main Street, Evansville, IN 47708
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Evansville, Indiana.
    Where is this retail space located?
    The property is located at 848 S Green River Rd Evansville, IN.
    What are key features of this property?
    This property features: Economic hub with headquarters of three NYSE companies (Accuride, Berry Global, and Springleaf).; Proximity to four major U.S. cities: Indianapolis, Nashville, Louisville, and St. Louis.; Largest city in Southern Indiana and the Illinois, Indiana, Kentucky tri‑state area.
    (812) 477-6980 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joseph Kiefer
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!