Property summary
This exceptional investment opportunity presents a fee-simple interest in a 6,028 square foot, single-story, freestanding animal hospital in Evansville, Indiana. The property, built in 2005, boasts a strong 8.25% cap rate and a substantial net operating income (NOI) of $129,415. Currently 100% occupied by a national veterinary hospital operator under a triple-net (NNN) lease with over 2.9 years remaining on the initial 7-year term, expiring October 31, 2027. The lease includes two five-year… renewal options, demonstrating the tenant's long-term commitment. Rent increases annually at 2%, providing inflation protection and consistent NOI growth. The property features 30 parking spaces and is situated on a high-traffic thoroughfare (20,158 vehicles daily), with excellent visibility due to significant street frontage and a large pylon sign. Its prime location is surrounded by major retailers including The Home Depot, Target, Macy's, Kohl's, and Walgreens, benefiting from a dense population and high average household income within a 5-mile radius. The roof was replaced in May 2020. The property's proximity to several large apartment complexes and a major hospital further enhances its appeal and potential for sustained success. The asking price is $1,568,666 ($260.23/sq ft). This is a low-management, passive investment opportunity with significant upside potential. APN: 82-06-35-015-111.001-027.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
1 recorded sale · 15 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 6,338 SF
- Lot area
- 0.27 ac
- Year built
- 1948
- Stories
- 2
- APN
- 82-06-35-015-111.001-027
- Assessed value · 2023
- $137,200
- Annual tax · 2023
- $4,352
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Cap Rate Calculation
- Location Insight
- Alternative use
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