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Property profile & analytics
FOR LEASE
Medical Office Space
1312 Professional Blvd Evansville, IN 47714
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US31-0792110
For Lease
1 / 34
Contact for pricing
1312 Professional Blvd, Evansville, IN 47714
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
25,480 SF
Lot
1.75 ac (76,317 SF)
APN
82-06-35-016-112.002-027
UPID
US31-0792110
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
-
DaVita East Evansville Dialysis Medical Clinic
-
Dr. Carla Brandt, MD Physician Medical Clinic
-
Midwest Neurological PC Medical Clinic
-
Dr Faris Fadheel Physician Medical Clinic
-
Francis Kadiyamkuttiyil M.D. Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.42M
CAP Approach
CAP
$5.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.34M
Owner & transaction history
1312 Professional LLC · 6 yrs held
1312 Professional LLC
since 2020
Last sale
$4.1M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.4M
+239.2%
Restaurant
$2.8M
+182.9%
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
$4,745,000
ML approach
$4,420,000
CAP Approach
CAP Return
Estimation
6%
$5,565,000
6.5%
$5,135,000
7%
$4,770,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,400,000
Change: +239% · Conversion: Difficult
RESTAURANT
$2,835,000
Change: +183% · Conversion: Difficult
Blend value · Realmo final
$4.34M
Range $3.91M – $4.77M · ±10% · vs last sale $4.10M (Jul 9 2020)
Last sale anchor
$4.10M
Jul 9 2020
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
$170 / 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
$81,918
Tax year 2023
Assessed value
$2,582,700
Assessed 2023
Previous assessed
$2,582,700
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$229,000
Assessed improvement
$2,353,700
Land market value
$229,000
Improvement market value
$2,353,700
Total market value
$2,582,700
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
For Lease
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
25,480 SF
Lot
1.75 ac (76,317 SF)
APN
82-06-35-016-112.002-027
UPID
US31-0792110
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.4M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
RESTAURANT
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
2000
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
1.75 ac
Current owner
From public records · entity-resolved
1312 Professional LLC
Entity
Mailing address
1320 E IMPERIAL AVE, EL SEGUNDO, CA 90245-2622
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2020
$4,100,000
1312 Professional LLC
Professional Blvd Medical Clinical
Special Warranty Deed
$2,870,000 · Capstar Bank
Dec 17, 2007
—
Professional Boulevard Medical Clin
Evansville Dialysis Investment Comp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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