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    Bnvl-New Harmony Rd Evansville, IN 47725

    • Land
    • 27.00 lot acres
    For Sale
    View listing
    $324,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Bnvl-New Harmony Rd

    Lot size
    27.00 lot acres
    Property type
    Land

    Description

    This exceptional 27-acre parcel of land, located on East Bnvl-New Harmony Road in Evansville, Vanderburgh County, Indiana (zip code 47725), presents a unique residential development opportunity. Currently zoned Agricultural, this property offers significant potential for future residential construction. The asking price is $324,000, translating to approximately $12,000 per acre. The property's APN is 82-04-14-009-078.030-030. 2020 property taxes totaled $1,299.12. Beyond its residential development potential, the land also presents the possibility of generating revenue from logging. The property's coordinates are 38.0881739 latitude and -87.517125 longitude. This expansive tract offers a compelling investment opportunity for developers seeking to capitalize on the growing demand for residential properties in the Evansville area. Serious inquiries are encouraged to explore the full potential of this remarkable land offering.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5171
    Latitude
    38.0882

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    Bnvl-New Harmony Rd
    Evansville, IN 47725
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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
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