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    955 Diamond Ave Evansville, IN 47711

    • Warehouses
    • 136,704 SF
    • 6.19 lot acres
    For Lease
    View listing
    Value Estimation
    $820,000
    Last Sale
    Sep 18, 2024
    Location Intelligence
    Property ID
    US31-1009911
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 955 Diamond Ave

    Year built
    1939
    Construction
    TYPE NOT SPECIFIED
    Lot size
    6.19 lot acres
    Property size
    136,704 SF
    Property type
    Warehouses
    APN
    82-06-17-031-088.003-029
    APU
    820617031088003029

    Description

    This exceptional 136,704-square-foot industrial property, situated on 6.95 acres in Vanderburgh County, presents a unique investment opportunity. Built in 1939 and renovated in 2000, the single-story building boasts a 18-foot ceiling height, ideal for various manufacturing and warehousing needs. The property features four loading docks with four dock-high doors, two drive-ins, and ample parking for 97 vehicles, divided between a north lot (63 spaces) and a west lot (34 spaces). Additional fenced outdoor space is available for lay-down yard or extra parking. The building is equipped with a robust power supply, including 480-volt, 3-phase power at multiple stations, and modern LED lighting. Interior features include a water filtration system, cooling tower, air compressor, two 80,000-pound silos, an air-conditioned server room, 22 offices, a conference room, and a cafeteria. The manufacturing area offers 20-foot column spacing, while the warehouse area provides 40-foot column spacing. A new roof was installed 4-6 years ago, and a security alarm system is in place. Racking may be included in the sale. The property is currently undergoing renovations and is zoned M-2.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $820,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,080,000
      6.5%
      $1,045,000
      7%
      $1,050,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $880,000
      Geo Method
      $870,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,035,000
      Retail
      $815,000
      Mixed-Use
      $970,000
      Hospitality
      $1,000,000
      Educational
      $985,000
      Residential Income
      $1,000,000
      Energy
      $985,000
      Income-Based Land
      $1,060,000
      Food Service
      $1,115,000

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5477
    Latitude
    37.9975
    CBSA code
    21780
    CBSA name
    EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $41,779
    $214,700
    $1,102,500
    $1,317,200
    -
    $214,700
    $1,102,500
    $1,317,200

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    955 Diamond Ave
    Evansville, IN 47711
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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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