Financial
Distress signals
Property profile

1301 Covert Ave Evansville, IN 47714

FOR SALE
Retail space
Property ID
US31-1354633
4,998 SF 3.07 ac lot Built 1953
Last sale Sep 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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1301 Covert Ave, Evansville, IN 47714 For Sale
$330,000 4,998 SF
1301 Covert Ave, Evansville, IN 47714
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Property summary

AI-generated overview

The offering is a 0.75-acre commercial land parcel configured for ground lease only. The site is situated on the southeast side of Evansville at the corner of Covert Avenue and U.S. Highway 41, with frontage on Highway 41 and access located just off Covert Avenue. Public remarks indicate approximately 24,000+ ADT along U.S. Highway 41. The parcel is positioned adjacent to retail uses including Burger King, AutoZone, and Simpson’s Supermarket, with additional nearby retailers such as Subway, KFC, U-Haul, and Captain D’s.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value$606k
Assessed land$186k
Assessed improvement$421k
Effective rate3.17%

Value estimate

· Sep 2026
$330k
$297k – $363k
Submarket $/SF estimate$518k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$74/SF
Submarket average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$44 – $104

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionVANDERBURGH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency39.9
Law Firm35.3
Dental Office29.6

Location

1301 Covert Ave Evansville, IN 47714
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3809 Washington, Evansville, IN 47714-0547 $225,000 Jan 2022 4,322 SF
1337 Walnut, Evansville, IN 47714-1100 $175,000 Nov 2021 3,042 SF
1915 Covert, Evansville, IN 47714-3615 $350,000 May 2021 4,620 SF
1921 Covert, Evansville, IN 47714 $350,000 May 2021 2,520 SF
1618 Kentucky, Evansville, IN 47714-3481 $90,000 Feb 2021 5,344 SF
2912 Lincoln, Evansville, IN 47714-1727 $369,000 Jul 2020 2,780 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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