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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Showrooms
11401 Grn Riv Rd Evansville, IN 47725-9728
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-0956581
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1991
Construction
WOOD
Total area
16,940 SF
Lot
9.8 ac (426,888 SF)
Zoning code
4
APN
82-04-13-009-076.036-030
UPID
US31-0956581
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
-
Gary's Plumbing Plumbing Service General Contractor
-
Vision Green Garden Center Hardware & Home Improvement
-
Select Source Warehouse & Storage
-
AgriSelect Evansville LLC Agricultural Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$947k
Blend (final)
Blend
$700k
Owner & transaction history
Lms Daylight LLC · 1 yrs held
Lms Daylight LLC
since 2025
7 recorded transactions
Zoning & alternative use
4 · Evansville, IN
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)
Refine in 60 seconds, get exact suggested price
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
Method
Estimation
Statistic approach
by Request
ML approach
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$930,000
Current use
Blend value · Realmo final
$700k
Range $630k – $770k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / SF
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
$28,262
Tax year 2023
Assessed value
$1,134,300
Assessed 2023
Previous assessed
$1,134,300
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$236,700
Assessed improvement
$897,600
Land market value
$236,700
Improvement market value
$897,600
Total market value
$1,134,300
Applied tax rate
7.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
16,940 SF
Lot
9.8 ac (426,888 SF)
Zoning code
4
APN
82-04-13-009-076.036-030
UPID
US31-0956581
Jurisdiction
VANDERBURGH
Zoning & alternative use
4 · Evansville, IN
Zoning 4 · permitted uses
4 · Evansville, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Evansville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$930,000
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
9.8 ac
Current owner
From public records · entity-resolved
Lms Daylight LLC
Entity
Mailing address
11401 N GRN RIV RD, EVANSVILLE, IN 47725-9728
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
—
Lms Daylight LLC
Snyder Land Management LLC
Warranty Deed
$2,788,000 · Old National Bank
Jan 4, 2021
—
Snyder Land Management LLC
Aspen Investments INC
Warranty Deed
—
Sep 23, 2019
—
Aspen Investments INC
—
Deed
related
$1,200,000 · Old National Bank
Mar 20, 2018
—
Aspen Investments INC
Vomac Truck Sales & Service INC
Re-recorded Document
related
—
Sep 8, 2017
$24,700
Board Of Commissioners Of Vanderbur
Vomac Truck Sales And Service INC
Warranty Deed
—
Jul 5, 2017
—
Aspen Investments INC
—
Deed
related
$580,000 · Old National Bank
Mar 1, 2017
$725,000
Aspen Investments INC
Vomac Truck Sale & Service INC
Warranty Deed
—
Jul 7, 2005
—
R & H Truck & Trailer Sales INC
George W Cissell
Warranty Deed
—
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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