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    648 Kimmell Rd Vincennes, IN 47591

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    For Lease
    Contact for pricing

    Vincennes Retail Center: 4,800 SF Available

    Lot size:
    44,962 SF

    Property Features for 648 Kimmell Rd

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,962 SF
    Total Rate
    56202.5

    Building Details

    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 648 Kimmell Rd, Vincennes, IN 47591 Contact us
    Unit Former Cato

    $15 /Mo

    Size
    4,800 SF
    Contact us

    We can help!

    Listing Contact
    Jackson Geer
    Jackson Geer

    Listing Agency: Caliber Commercial Properties Listing Agent: Jackson Geer

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

    Learn more

    Overview

    Kimmell Crossing Shopping Center presents a unique retail leasing opportunity in Vincennes, Indiana. This single-story, 44,962 square foot strip center is situated on a 4.24-acre lot at 648 Kimmell Rd, 47591. Currently, 4,800 square feet of retail space is available for lease, offering flexibility in terms of size, lease length, and rental rates to suit various business needs. The property boasts a convenient location within a thriving commercial area, benefiting from high visibility and excellent access. The center is zoned for commercial use and is located in Knox County's Vincennes submarket. The building features a single story and no elevators. This presents a rare opportunity to lease space in a well-established shopping center, offering potential for significant business growth. The property's strategic location offers easy access for customers and employees alike. The available space is ideally suited for a variety of retail businesses seeking a prominent location in a busy shopping center. The landlord is open to negotiating lease terms to accommodate different business requirements. This is a prime opportunity to establish or expand your retail presence in a vibrant community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cato Fashions Clothing & Fashion Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Vincennes
    County
    Knox
    State
    Indiana
    Longitude
    -87.5043966
    Latitude
    38.6621073

    Nearby Similar for Lease

    • $3,000 /Mo
      7,840 SF

      Versatile Commercial Property in Vincennes

      Adaptable space suitable for retail, office, or service businesses.
      21 S 13Th St, Vincennes, IN 47591
      View Details
    • $22 SF/Yr
      9,600 SF

      Kimmell Plaza Retail Center

      Vincennes, IN Strip Center - 1 Space Available
      632 Kimmell Rd, Vincennes, IN 47591
      View Details
    • Contact for pricing
      7,046 SF

      Vincennes Retail Center - Prime Location

      High-Visibility Retail Space Available in Indiana
      601 College Ave, Vincennes, IN 47591
      View Details

    FAQs

    What type of property is this?
    Community center - Vincennes Retail Center: 4,800 SF Available
    Where is this community center located?
    The property is located at 648 Kimmell Rd Vincennes, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 44,962 square foot single-story retail strip center in Vincennes, Indiana.; 4,800 square feet of retail space available for lease.; Located on a 4.24-acre lot at 648 Kimmell Rd, Vincennes, IN 47591, in a thriving commercial area with high visibility and excellent access.
    (502) 365-5009 Call to check price and availability
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    648 Kimmell Rd Vincennes, IN 47591
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    Vincennes, IN 47591
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    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
    648 Kimmell Rd Vincennes, IN 47591
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jackson Geer
    Jackson Geer
    Real Estate License ID: 280905
    (502) 365-5009
    Learn more
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