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

    49 Green River Rd Evansville, IN 47715

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    0.6-Acre Commercial Land, High Traffic

    Property Features for 49 Green River Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Spaces For Lease

    at 49 Green River Rd, Evansville, IN 47715 Contact us
    Unit

    $2 /Mo

    Size
    Contact us

    We can help!

    Listing Contact
    Joe Kiefer
    Joe Kiefer

    Listing Agency: Hahn Realty Corporation Listing Agent: Joe Kiefer

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.6-acre commercial land parcel presents a unique build-to-suit opportunity. Boasting 106 feet of frontage on Green River Road, this property offers unparalleled visibility and accessibility. The site is zoned C-4, allowing for a wide range of commercial development options. With ample parking available and situated near the Lloyd Expressway, this location benefits from an average annual daily traffic count of 29,867 vehicles, ensuring high exposure for your business. The property's location in Vanderburgh County, identified by APN 82-06-24-017-159.006-027, provides convenient access to major transportation routes and a thriving local market. The price will be determined based on the final construction costs, making this a flexible and attractive investment for developers seeking a prime location to build their ideal commercial space. This single-tenant land parcel is ready for your vision, offering a blank canvas to create a thriving commercial enterprise. The lot size is precisely 0.6 acres, providing a manageable yet substantial footprint for your project. Don't miss this chance to secure a highly visible and strategically located commercial property in a dynamic area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sky Zone Trampoline ... Arcade & Gaming Center

    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
    -87.491910107316
    Latitude
    37.977839394848

    Nearby Similar for Lease

    • $3,524 /Mo
      2,643 SF

      Move-in Ready Office with Aquarium

      Well-maintained office building with unique features and ample parking.
      15 Vann Ave, Evansville, IN 47714
      View Details
    • $4,037 /Mo
      3,460 SF

      Renovated Office Space in Evansville

      Landmark building with quality office space available for lease.
      915 Main St, Evansville, IN 47708
      View Details
    • $2,476 /Mo
      2,122 SF

      Renovated Office Space in Evansville

      Landmark building with quality office space available for lease.
      915 Main St, Evansville, IN 47708
      View Details
    • $2,700 /Mo
      2,400 SF

      Medical Office Space Available

      Office suite with exam rooms, ideal for medical professionals.
      2809 Lincoln Ave, Evansville, IN 47714
      View Details
    • $6 SF/Yr
      1,500 SF

      Evansville Office Space For Rent

      1,500 SF office space with buildout options available.
      2225 N Cullen Ave, Evansville, IN 47715
      View Details
    • $7 SF/Yr
      770 SF

      Retail Space Available For Lease

      Retail space available for lease with 770 square feet.
      600 N Weinbach Ave, Evansville, IN 47711
      View Details
    • $10 SF/Yr
      73,109 SF

      Downtown Evansville Loft Office Space

      Historic brick and beam loft office in Evansville's NoCo district.
      420 Northwest 5Th St, Evansville, IN 47708
      View Details
    • $16 SF/Yr
      178,000 SF

      Downtown Evansville Office Space Available

      Office suites for lease in downtown Evansville near Ohio River.
      20 NW 3Rd St, Evansville, IN 47708
      View Details
    • $14 SF/Yr
      65,000 SF

      Downtown Evansville High-Tech Incubator

      High-tech business incubator in the heart of Downtown Evansville.
      318 Main St, Evansville, IN 47708
      View Details
    • $11 SF/Yr
      1,729 SF

      Well-Located Office Space For Lease

      Office space with convenient access and flexible leasing options.
      1420 N Weinbach Ave, Evansville, IN 47714
      View Details
    • $14 SF/Yr
      1,458 SF

      East Side Retail Space Available

      Retail space on Green River Rd, Evansville. High-end retail center.
      2015 N Green River Rd, Evansville, IN 47715
      View Details
    • $1,125 /Mo
      800 SF

      Remodeled Office Space For Rent

      Newly remodeled office space with utilities included near Washington Square.
      5011 Washington Ave, Evansville, IN 47715
      View Details

    FAQs

    What type of property is this?
    Land - 0.6-Acre Commercial Land, High Traffic
    Where is this land located?
    The property is located at 49 Green River Rd Evansville, IN.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Build-to-suit opportunity on Green River Road.; 0.6-acre commercial lot.; Price determined by construction cost.
    (812) 477-6980 Call to check price and availability
    Request Owner's contact information
    49 Green River Rd Evansville, IN 47715
    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.
    49 Green River Rd
    Evansville, IN 47715
    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
    49 Green River Rd Evansville, IN 47715
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Kiefer
    Joe Kiefer
    Real Estate License ID: RB14037711
    (812) 477-6980 (812) 604-5973
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!