Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    648 Kimmell Rd Vincennes, IN 47591

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    648 Kimmell Rd Vincennes, IN 47591

    View on Map
    • Community centers
    • 44,962 SF
    • 4.24 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cato Fashions / Clothing & Fashion Store

    Property Details for 648 Kimmell Rd

    Lot size
    4.24 lot acres
    Property size
    44,962 SF
    Property type
    Community centers
    Property subtype
    Neighborhood centers

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vincennes
    County
    Knox
    State
    Indiana
    Longitude
    -87.5044
    Latitude
    38.6621

    Comparable in this City

    • Value Estimation by Request
      9,600 SF

      632 Kimmell Rd

      Neighborhood centers • 9,600 SF
      632 Kimmell Rd, Vincennes, IN 47591
      View Details
    • Value Estimation by Request
      5,250 SF

      505 6th St

      SHOPPING CENTER, STRIP CENTER • 5,250 SF
      505 6th St, Vincennes, IN 47591-2112
      View Details
    • Value Estimation by Request
      9,900 SF

      632 A Thru H Kimmell Rd

      SHOPPING CENTER, STRIP CENTER • 9,900 SF
      632 A Thru H Kimmell Rd, Vincennes, IN 47591
      View Details
    • Value Estimation
      $685,000
      44,925 SF

      636-648 Kimmel Rd

      SHOPPING CENTER, STRIP CENTER • 44,925 SF
      636-648 Kimmel Rd, Vincennes, IN 47591
      View Details
    • Value Estimation by Request
      10,000 SF

      2323 6th St

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      2323 6th St, Vincennes, IN 47591-2403
      View Details
    • Value Estimation by Request
      4,800 SF

      1690 Hart St

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      1690 Hart St, Vincennes, IN 47591-5560
      View Details

    Similar Nearby for Sale

    • $449,900
      0.11 Acres

      124 Main Vincennes

      Retail properties & Spaces • 0.11 Acres
      124 Main St, Vincennes, IN 47591
      View Details
    • Contact for pricing
      3,600 SF

      Office and Retail Opportunity

      3,600 SqFt office and retail space for sale.
      2701 N 6Th St, Vincennes, IN 47591
      View Details
    • $194,900
      0.08 Acres

      Downtown Vincennes Mixed-Use Building

      Two-story commercial building in historic downtown Vincennes.
      423 Main Street Rd, Vincennes, IN 47591
      View Details
    • $139,900
      0.26 Acres

      Auto Dealer Opportunity, Vincennes, IN

      Car lot/shop in high traffic area with ample parking.
      1221 Washington Ave, Vincennes, IN 47591
      View Details
    • $299,900
      1.00 Acre

      Operating Kennel Business For Sale

      Actively operating kennel business with 20 dog kennels.
      433 S Hickory Corner Rd, Vincennes, IN 47591
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Knox Plaza

      Retail space available in high-visibility Vincennes shopping center.
      2445 N 6Th St, Vincennes, IN 47591
      View Details
    • Contact for pricing

      Kimmell Pointe Shopping Center

      17+ acre power center at US 41 and Hart Street.
      Kimmell Rd And Hart St, Vincennes, IN 47591
      View Details
    • Contact for pricing

      Retail/Commercial Space in Vincennes

      Premier leasing opportunity for retail or commercial ventures in Vincennes.
      601 College Ave, Vincennes, IN 47591
      View Details
    • $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
    • Contact for pricing

      Industrial Space in Retail Center

      Industrial space for lease in a Walmart-anchored shopping center.
      648 Kimmell Rd, Vincennes, IN 47591
      View Details
    • $5,633 /Mo
      6,760 SF

      Vincennes Retail Space For Rent

      Retail space in high-traffic location with ample parking.
      1575 Hart Street Rd, Vincennes, IN 47591
      View Details
    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.
    648 Kimmell Rd
    Vincennes, IN 47591
    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!