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    Property profile & analytics

    1012 Virginia St Evansville, IN 47711

    • Parking lots & garages
    • 0.61 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Location Intelligence
    Property ID
    US31-0763838
    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

    • Parking lots & garages

    Property Details for 1012 Virginia St

    Year built
    1970
    Lot size
    0.61 lot acres
    Property type
    Parking lots & garages
    APN
    82-06-21-024-094.002-029
    APU
    820621024094002029

    Description

    This exceptional .7-acre commercial property, located at 1012 E Virginia St in Evansville, Indiana, presents a unique investment opportunity. Situated in a thriving industrial corridor, this parcel benefits from its proximity to major transportation arteries, including Highway 41 and the Lloyd Expressway, ensuring excellent accessibility and visibility. Currently utilized as a parking lot, the land is partially fenced, offering a degree of security and potentially reducing initial site preparation costs. The property is zoned C-4, opening up a wide range of potential commercial uses. With a total asking price of $90,000, this translates to a land value of $128,571 per acre, representing a compelling price point for investors seeking a strategic foothold in Evansville's dynamic industrial sector. The 47711 zip code further underscores the property's location within a well-established and rapidly developing area. This is an excellent opportunity for developers or businesses seeking a strategically located parcel in Vanderburgh County. The property's size and zoning make it suitable for a variety of commercial ventures. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $250,000
      6.5%
      $255,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $245,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $275,000
      Retail
      $235,000
      Mixed-Use
      $230,000
      Hospitality
      $235,000
      Educational
      $280,000
      Residential Income
      $220,000
      Energy
      $225,000
      Income-Based Land
      $270,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5466
    Latitude
    37.982
    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
    $1,840
    $43,100
    $16,500
    $59,600
    -
    $43,100
    $16,500
    $59,600

    Comparable in this City

    • Value Estimation by Request
      0.38 Acres

      209 Columbia St

      PARKING LOT • 0.38 Acres
      209 Columbia St, Evansville, IN 47711
      View Details
    • Value Estimation by Request
      0.25 Acres

      1910 Denby Ave

      PARKING LOT • 0.25 Acres
      1910 Denby Ave, Evansville, IN 47711
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    • Value Estimation by Request
      0.07 Acres

      13 Eichel Ave

      PARKING LOT • 0.07 Acres
      13 Eichel Ave, Evansville, IN 47711
      View Details
    • Value Estimation by Request
      0.09 Acres

      1024 Virginia St

      PARKING LOT • 0.09 Acres
      1024 Virginia St, Evansville, IN 47711
      View Details
    • Value Estimation by Request
      0.21 Acres

      6 Weinbach Ave

      PARKING LOT • 0.21 Acres
      6 Weinbach Ave, Evansville, IN 47711
      View Details
    • Value Estimation by Request
      768 SF

      1210 Columbia St

      PARKING LOT • 768 SF
      1210 Columbia St, Evansville, IN 47711-5218
      View Details

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    1012 Virginia St
    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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