1305 Grn Riv Rd Evansville, IN 47715-5615
Property profile & analytics
1305 Grn Riv Rd Evansville, IN 47715-5615
- Medical Office Space
- 6,338 SF
- 0.27 lot acres
Property ID
US31-0640718
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.
Location Intelligence
Current Use by Public Records
- Bakowski Laura DVM / Veterinary Clinic
- Koliker R Patk DVM / Veterinary Clinic
- Smith Max DVM / Veterinary Clinic
- Village East Animal Hospital / Veterinary Clinic
- Kemp Gillian DVM / Veterinary Clinic
Property Details for 1305 Grn Riv Rd
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.27 lot acres
- Property size
- 6,338 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 82-06-35-015-111.001-027
- APU
- 820635015111001027
Description
This exceptional investment opportunity presents a fee-simple interest in a 6,028 square foot, single-story, freestanding animal hospital in Evansville, Indiana. The property, built in 2005, boasts a strong 8.25% cap rate and a substantial net operating income (NOI) of $129,415. Currently 100% occupied by a national veterinary hospital operator under a triple-net (NNN) lease with over 2.9 years remaining on the initial 7-year term, expiring October 31, 2027. The lease includes two five-year renewal options, demonstrating the tenant's long-term commitment. Rent increases annually at 2%, providing inflation protection and consistent NOI growth. The property features 30 parking spaces and is situated on a high-traffic thoroughfare (20,158 vehicles daily), with excellent visibility due to significant street frontage and a large pylon sign. Its prime location is surrounded by major retailers including The Home Depot, Target, Macy's, Kohl's, and Walgreens, benefiting from a dense population and high average household income within a 5-mile radius. The roof was replaced in May 2020. The property's proximity to several large apartment complexes and a major hospital further enhances its appeal and potential for sustained success. The asking price is $1,568,666 ($260.23/sq ft). This is a low-management, passive investment opportunity with significant upside potential. APN: 82-06-35-015-111.001-027.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,350,000
- ML approach
- $1,365,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,385,000
- 6.5%
- $1,280,000
- 7%
- $1,185,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.4932
- Latitude
- 37.9582
- 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
$4,352
$28,900
$108,300
$137,200
-
$28,900
$108,300
$137,200
