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    315 E Diamond Ave, Evansville, IN 47711 Evansville, IN 47711

    • Retail residential properties
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • K's Pizza / Restaurant

    Property Details for 315 E Diamond Ave, Evansville, IN 47711

    Year built
    1969
    Property type
    Retail residential properties

    Description

    ABOUT THE PROPERTY Move in Ready. Current Restaurant equipment including 2 Ventilation Hoods, Walk in Refrigerator, Walk in Cooler, and Ice Maker. Electric pole sign on Diamond Avenue. Tables, chairs and racks can remain to be used by tenant. Access from Governor and Diamond Avenue. Great exposure on high traffic thoroughfare AADT 17,240 (2023). Restaurant Move in Ready. Current Restaurant equipment including 2 Ventilation Hoods, Walk in Refrigerator, Walk in Cooler, and Ice Maker. Electric pole sign on Diamond Avenue. Tables, chairs and racks can remain to be used by tenant. Access from Governor and Diamond Avenue. Great exposure on high traffic thoroughfare AADT 17,240 (2023). Lease rate does not include utilities, property expenses or building services

    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
    State
    Indiana
    Longitude
    -87.5413
    Latitude
    37.9992

    Comparable in this City

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      $325,000
      2,348 SF

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    • Value Estimation by Request
      3,966 SF

      2303 Morgan Ave

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    • Value Estimation
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      1003 Diamond Ave

      RESTAURANT • 4,772 SF
      1003 Diamond Ave, Evansville, IN 47711-3901
      View Details
    • Value Estimation
      $315,000
      2,016 SF

      1300 Morgan Ave

      RESTAURANT • 2,016 SF
      1300 Morgan Ave, Evansville, IN 47711-4702
      View Details
    • Value Estimation
      $215,000
      11,548 SF

      2427 Sherman St

      RESTAURANT • 11,548 SF
      2427 Sherman St, Evansville, IN 47711-3315
      View Details
    • Value Estimation
      $310,000
      3,736 SF

      2407 Evans Ave

      RESTAURANT • 3,736 SF
      2407 Evans Ave, Evansville, IN 47711
      View Details

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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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