Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1 Weinbach Ave Evansville, IN 47711-6090
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 Weinbach Ave Evansville, IN 47711-6090

    View on Map
    • Retail space
    • 37,753 SF
    • 8.13 lot acres
    Off-Market
    Property ID
    US31-1152057
    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.
    Value Estimations
    $4,175,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 517 Fitness / Gym & Fitness Center
    • Family Dollar / Discount Store
    • Charitable Resource Foundation / Telecommunications Service / Marketing & Advertising
    • Close out Depot / Discount Store
    • Weinbach Shopping Center / Shopping Center & Mall

    Property Details for 1 Weinbach Ave

    Year built
    1962
    Construction
    TYPE NOT SPECIFIED
    Lot size
    8.13 lot acres
    Property size
    37,753 SF
    Property type
    Retail space
    APN
    82-06-22-017-032.001-027
    APU
    820622017032001027

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,913,000
      Market price range: $1.65M - $3.91M
      AI Estimate
      $4,075,000
      Market price range: $1.71M - $4.08M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5283
    Latitude
    37.9782
    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
    $62,710
    $559,800
    $1,417,300
    $1,977,100
    -
    $559,800
    $1,417,300
    $1,977,100

    Comparable in this City

    • Value Estimation by Request
      3,255 SF

      600 Columbia St

      RETAIL STORES (PERSONAL SERVICES) • 3,255 SF
      600 Columbia St, Evansville, IN 47711-5142
      View Details
    • Value Estimation by Request
      974 SF

      1354 Division St

      RETAIL STORES (PERSONAL SERVICES) • 974 SF
      1354 Division St, Evansville, IN 47711-5971
      View Details
    • Value Estimation by Request
      2,006 SF

      710 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,006 SF
      710 Main St, Evansville, IN 47711-5424
      View Details
    • Value Estimation
      $960,000
      8,192 SF

      2125 Bergdolt Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,192 SF
      2125 Bergdolt Rd, Evansville, IN 47711-2845
      View Details
    • Value Estimation
      $1,700,000
      15,048 SF

      1601 Oak Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,048 SF
      1601 Oak Hl Rd, Evansville, IN 47711-4347
      View Details
    • Value Estimation by Request
      2,011 SF

      416 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,011 SF
      416 Main St, Evansville, IN 47711-5418
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,329 SF

      Fenced Lot with Storage Building

      Fenced gravel lot with storage building for lease.
      600 N Heidelbach Ave, Evansville, IN 47711
      View Details
    • Contact for pricing

      Mixed-Use Investment Portfolio For Sale

      Four-property portfolio with restaurant, retail, apartments, and parking.
      605-617 N Main St, Evansville, IN 47711
      View Details
    • $2,683,000
      45,218 SF

      Historic Beaux Arts Building Downtown

      Four-story historic building in downtown Evansville with redevelopment potential.
      524-530 Main St, Evansville, IN 47711
      View Details
    • $279,000
      1,934 SF

      Retail Space on Corner Lot

      Retail space on corner lot near Highway 41.
      1929 E Morgan Ave, Evansville, IN 47711
      View Details
    • $415,000
      Pending

      Mixed-Use Property with Retail Space

      Mixed-use property featuring retail, warehouse, and residential spaces.
      201 E Virginia St, Evansville, IN 47711
      View Details
    • Contact for pricing
      35,612 SF

      Downtown Corner Retail/Restaurant Space

      Prime corner location ideal for retail or restaurant use.
      401 Main St, Evansville, IN 47711
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      1,530 SF

      Retail/Office Space on Corner Lot

      Retail or office space with high visibility and ample amenities.
      2000-2016 E Morgan Ave, Evansville, IN 47711
      View Details
    • Contact for pricing

      Mixed-Use Property in Revitalized Area

      Mixed-use property with commercial and residential tenants in revitalized area.
      621 N Main St, Evansville, IN 47711
      View Details
    • Contact for pricing

      Evansville Retail Space on Morgan

      Prime retail location in Evansville, Indiana with high visibility.
      2300 East Morgan Ave, Evansville, IN 47711
      View Details
    • Contact for pricing

      Retail/Office Space in The Forge

      New retail/office space available in The Forge on Main.
      200 N Main St, Evansville, IN 47711
      View Details
    • Contact for pricing

      Commercial Building on Fares Avenue

      2,780 SF commercial building suitable for retail or office.
      2230 N Fares Ave, Evansville, IN 47711
      View Details
    • Contact for pricing

      Evansville Multi-Tenant Complex For Rent

      Multi-tenant complex on Evansville’s northeast side, convenient location.
      701 N Weinbach Ave, Evansville, IN 47711
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Weinbach Ave
    Evansville, IN 47711-6090
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!