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    Property profile & analytics

    1240 Metro Ave Evansville, IN 47715-2874

    • Warehouses
    • 4,000 SF
    • 0.91 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Nov 07, 2022
    Location Intelligence
    Property ID
    US31-3257129
    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

    • Warehouses

    Property Details for 1240 Metro Ave

    Year built
    2016
    Construction
    WOOD
    Lot size
    0.91 lot acres
    Property size
    4,000 SF
    Property type
    Warehouses
    APN
    82-06-24-011-237.006-027
    APU
    820624011237006027

    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
    -87.4807
    Latitude
    37.9886
    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
    $6,794
    $36,700
    $177,500
    $214,200
    -
    $36,700
    $177,500
    $214,200

    Comparable in this City

    • Value Estimation
      $505,000
      6,000 SF

      2434 Kotter Ave

      WAREHOUSE, STORAGE • 6,000 SF
      2434 Kotter Ave, Evansville, IN 47715-8509
      View Details
    • Value Estimation by Request
      20,000 SF

      2540 Diego Dr

      WAREHOUSE, STORAGE • 20,000 SF
      2540 Diego Dr, Evansville, IN 47715-2906
      View Details
    • Value Estimation by Request
      38,557 SF

      5020 Smythe Dr

      WAREHOUSE, STORAGE • 38,557 SF
      5020 Smythe Dr, Evansville, IN 47715-7751
      View Details
    • Value Estimation by Request
      16,060 SF

      6149 Wedeking Ave

      WAREHOUSE, STORAGE • 16,060 SF
      6149 Wedeking Ave, Evansville, IN 47715-8532
      View Details
    • Value Estimation
      $635,000
      49,240 SF

      5525 Old Boonville Hwy

      STORAGE YARD, OPEN STORAGE • 49,240 SF
      5525 Old Boonville Hwy, Evansville, IN 47715-2130
      View Details
    • Value Estimation
      $570,000
      16,100 SF

      600 Congress Ave

      WAREHOUSE, STORAGE • 16,100 SF
      600 Congress Ave, Evansville, IN 47715
      View Details

    Similar Nearby for Sale

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      6,040 SF Warehouse, Updated 2010
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    • Contact for pricing
      0.74 Acres

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      Prime Evansville lots, mixed-use potential.
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    Similar Nearby for Lease

    • $8 SF/Yr
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      Functional Warehouse in Eastside Industrial

      60,050 SF warehouse with office space for lease or sale.
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      2,240 SF heated warehouse with drive-through capability in Evansville.
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    • $4 SF/Yr
      164,611 SF

      Grocery-Anchored Warehouse, Evansville, IN

      165,000 SF Warehouse, 13.85 Acres
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    • $6 SF/Yr
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      Evansville Warehouse and Office Space

      5000 SF warehouse with office space for lease.
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    • $6 SF/Yr
      31,920 SF

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      31,920 SF warehouse with multiple loading docks available for lease.
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      View Details
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    1240 Metro Ave
    Evansville, IN 47715-2874
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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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