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    3701 Communications Way Evansville, IN 47715

    For Lease
    $15 SF/Yr

    Class A medical office suites available. Prime location.

    Lot size:
    51,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A medical office building, located at 3701 Communications Way, Evansville, IN 47715, offers multiple tenancy options within a 51,150 square foot facility. Suites range from 4,500 to 13,270 square feet, providing flexibility for various medical practices. The building boasts a prime location near the intersection of Davis Lant Dr and Lynch and Green River Rd, situated within the A.E. Cinelli Technology Center. Recent upgrades include a new HVAC system, a new roof, and a fresh coat of paint throughout the building. Tenants enjoy access to ample common areas, including a lunch and break room, and multiple conference rooms. The property is zoned C-4 and features a convenient walking path encompassing the entire building. Technological infrastructure is robust, including triple redundancy in electric service. This property presents a unique opportunity for medical professionals seeking modern, well-maintained office space in a thriving technology center. The Vanderburgh County location offers easy access to major roadways and amenities. Parcel number is 82-06-12-013-241.007-027.

    Property Features for 3701 Communications Way

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    51,150 SF
    Class
    A
    Total Rate
    63937.5

    Unit(s) available at that property

    Space
    Size
    13,270 SF
    Rate per SF
    $15

    HighLights

    • Class A medical office building totaling 51,150 square feet at 3701 Communications Way, Evansville, IN.
    • Multiple suite sizes available, ranging from 4,500 to 13,270 square feet.
    • Prime location in the A.E. Cinelli Technology Center, near Davis Lant Dr and Lynch & Green River Rd.
    • Recently renovated with a new HVAC system, roof, and fresh paint.
    • Amenities include ample common areas, lunch/break room, conference rooms, and a walking path.
    • Features triple redundant electrical service and C‑4 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MetroNet Inc. Corporate ... Internet Service Provider ISeeYouCare, Inc Software Company ICUCare Corporate Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.4841402
    Latitude
    38.01165

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    FAQs

    What type of property is this?
    Medical office - Class A medical office suites available. Prime location.
    Where is this medical office located?
    The property is located at 3701 Communications Way Evansville, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Class A medical office building totaling 51,150 square feet at 3701 Communications Way, Evansville, IN.; Multiple suite sizes available, ranging from 4,500 to 13,270 square feet.; Prime location in the A.E. Cinelli Technology Center, near Davis Lant Dr and Lynch & Green River Rd.
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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
    3701 Communications Way Evansville, IN 47715
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