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Property profile & analytics
OFF-MARKET
Medical Office Space
1120 Professional Blvd Evansville, IN 47714-8000
Entity Owned
~
Est. High Equity
Property ID
US31-1299592
Property summary
AI-generated overview
This single-story, 9,976 square foot medical office building is situated on a 0.88-acre lot at 1120 Professional Blvd, Evansville, IN 47714. Built in 1998, the Class C property is currently vacant and offers excellent visibility on Evansville's east side, near numerous other professional offices. The building features 33 parking spaces, providing ample accommodation for patients and staff. Its CO-2 zoning permits a variety of medical uses. The property's location offers close proximity to hospitals, clinics, and other healthcare providers, creating strong referral potential. The interior layout includes waiting areas and exam rooms, ready for immediate occupancy by a medical practice. The asking price is $975,000. The APN is 82-06-35-016-096.017-027. This presents a unique opportunity for a medical practice seeking established space in a high-traffic area. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
WOOD
Total area
9,976 SF
Lot
0.88 ac (38,481 SF)
APN
82-06-35-016-096.017-027
UPID
US31-1299592
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. John R. Bies, MD Physician Medical Clinic
-
Cook Thomas MD Physician Medical Clinic
-
Advanced Diagnostic Imaging: Rold James F MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gaslight Holdings LLC
Gaslight Holdings LLC
since 2026
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Evansville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evansville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,552
Tax year 2023
Assessed value
$584,900
Assessed 2023
Previous assessed
$584,900
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$115,400
Assessed improvement
$469,500
Land market value
$115,400
Improvement market value
$469,500
Total market value
$584,900
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
NONE
Stories
1
Total area
9,976 SF
Lot
0.88 ac (38,481 SF)
APN
82-06-35-016-096.017-027
UPID
US31-1299592
Jurisdiction
VANDERBURGH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Gaslight Holdings LLC
Entity
Mailing address
8712 WHETSTONE RD, EVANSVILLE, IN 47725-1444
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2026
—
Gaslight Holdings LLC
Dda LLC
Warranty Deed
$600,000 · Stock Yards Bank & Trust Co
Dec 18, 2023
—
Dda LLC
Farmers State Bank Of Alto Pass
Special Warranty Deed
$1,340,000 · The German American Bank
Feb 3, 2023
—
Farmers State Bank Of Alto Pass
Imaging Properties LLC
Deed In Lieu Of Foreclosure
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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