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    4905 University Dr Evansville, IN 47712

    Sponsored
    For Sale
    $750,000

    Class A Office, Vacant, 3,918 SF

    Property size:
    3,918 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A office building, situated on a 1.04-acre lot in Evansville, Indiana, presents a unique investment opportunity. Boasting 3,918 square feet of space, this single-story, 1990-built structure underwent a comprehensive renovation in 2018. The property features ample parking with 33 spaces and is conveniently located on University Drive, near major retailers such as AutoZone, CVS, Lowe's, Lucas Oil Center, and Walmart, as well as numerous restaurants. The building is zoned C-4 and includes one unit. HVAC systems consist of two original Trane units and a Carrier unit installed in 2020. The asking price is $750,000, translating to $191.42 per square foot. The property's address is 4905 University Dr, Evansville, IN 47712, and its parcel ID is 82-05-27-018-210.001-025. This vacant building offers significant potential for a variety of commercial uses. Its prime location and recent renovations make it an attractive prospect for investors seeking a strong return.

    Property Features for 4905 University Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,918 SF
    Class
    A
    Lot Size
    45,302 SF

    Building Details

    Year Built/Renovated
    1990/2018
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $750,000 asking price for this Class A office building.
    • 3,918 square feet on a 1.04‑acre lot in Evansville, Indiana.
    • Vacant, single‑story building with 33 parking spaces.
    • Built in 1990, renovated in 2018, with C‑4 zoning.
    • Located at 4905 University Dr, Evansville, IN 47712.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.634899680004
    Latitude
    37.977865334123

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, Vacant, 3,918 SF
    Where is this office property / space located?
    The property is located at 4905 University Dr Evansville, IN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price for this Class A office building.; 3,918 square feet on a 1.04-acre lot in Evansville, Indiana.; Vacant, single-story building with 33 parking spaces.
    (812) 477-6980
    Request Owner's contact information
    4905 University Dr Evansville, IN 47712
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    Realmo Value Estimation

    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.

    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.

    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
    4905 University Dr Evansville, IN 47712
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