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    5200 Washington Ave Evansville, IN 47715

    • Office Properties & Spaces
    • 15,978 SF
    • 0.70 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US31-0993279
    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

    • Home Video Studio, Evansville Indiana / Video Production Service / Video Duplication Service
    • Mitch Schulz, Weichert Realtors-The Schulz Group / Real Estate Agent
    • Dr. Daniel J. Fink, DDS / Dentist
    • Flick Gene R MD / Psychiatrist
    • FIRST ON SCENE CPR, LLC / Emergency Training School / Adult Education School

    Property Details for 5200 Washington Ave

    Year built
    1974
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.70 lot acres
    Property size
    15,978 SF
    Property type
    Office Properties & Spaces
    APN
    82-06-25-011-121.016-027
    APU
    820625011121016027

    Description

    This exceptional creative office space, located at 5200 Washington Ave in Evansville, Indiana, offers a unique opportunity for businesses seeking a vibrant and functional workspace. The building, a Class B property constructed in 1974 and extensively renovated in 2018, boasts a total of 15,978 square feet spread across three stories. Currently, 504 square feet of office space is immediately available for lease within this single-building complex. The building features convenient amenities including one passenger elevator. Its prime location on Washington Avenue provides excellent visibility and accessibility, with easy access to major thoroughfares such as Green River Road, the Lloyd Expressway (SR 66), I-69, and Highway 41. The property is zoned CO-2 and is situated in Vanderburgh County, Indiana, with a zip code of 47715. The building's address is 5200 Washington Ave, Evansville, IN 47715. The property's APN is 82-06-25-011-121.016-027. This is a multi-tenant building offering a dynamic and convenient location for businesses of all sizes. The modern updates and prime location make this an ideal space for companies seeking a professional and easily accessible office environment in Evansville's thriving Eastside.

    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
    -87.4879
    Latitude
    37.9627
    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
    $9,674
    $91,800
    $213,200
    $305,000
    -
    $91,800
    $213,200
    $305,000

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    Evansville, IN 47715
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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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