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    Property profile & analytics

    136 2nd St Henderson, KY 42420-3136

    • Office buildings
    • 36,354 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $1,165,000
    Last Sale
    Feb 09, 2024
    $1,200,000
    Location Intelligence
    Property ID
    US34-1769616
    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

    • Roast Coffee Bar / Coffee Shop
    • Pure Spaces of Kentucky / Sanitation Service
    • Art Hub / Painting Lessons / Art School
    • Hometown Roots / Restaurant
    • KYNDLE - the Kentucky Network for Development, Leadership and Engagement / Chamber Of Commerce / Business Center

    Property Details for 136 2nd St

    Year built
    1924
    Construction
    STEEL FRAME
    Lot size
    0.19 lot acres
    Property size
    36,354 SF
    Property type
    Office buildings
    APN
    1-6-2-1
    APU
    1621

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,095,000
      6.5%
      $1,060,000
      7%
      $1,025,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $970,000
      Geo Method
      $1,030,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $960,000
      Retail
      $1,280,000
      Mixed-Use
      $985,000
      Hospitality
      $1,090,000
      Educational
      $1,195,000
      Residential Income
      $1,000,000
      Energy
      $940,000
      Income-Based Land
      $1,260,000
      Food Service
      $1,185,000

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Henderson
    State
    Kentucky
    Longitude
    -87.5921
    Latitude
    37.8406
    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
    $14,534
    $0.00
    $0.00
    $1,300,000
    -
    $0.00
    $0.00
    $1,300,000

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      228 Alvasia St

      OFFICE BUILDING • 0.06 Acres
      228 Alvasia St, Henderson, KY 42420-3006
      View Details
    • Value Estimation by Request
      2,314 SF

      327 Washington St, Unit 325

      OFFICE BUILDING • 2,314 SF
      327 Washington St, Henderson, KY 42420-3544
      View Details
    • Value Estimation by Request
      2,848 SF

      201 Klutey Park Dr

      OFFICE BUILDING • 2,848 SF
      201 Klutey Park Dr, Henderson, KY 42420-3345
      View Details
    • Value Estimation by Request
      1,769 SF

      11 Main St

      OFFICE BUILDING • 1,769 SF
      11 Main St, Henderson, KY 42420-3121
      View Details
    • Value Estimation by Request
      7,080 SF

      724 Barret Blvd

      OFFICE BUILDING • 7,080 SF
      724 Barret Blvd, Henderson, KY 42420-4931
      View Details
    • Value Estimation by Request
      1,057 SF

      441 2nd St

      OFFICE BUILDING • 1,057 SF
      441 2nd St, Henderson, KY 42420-3220
      View Details

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    Similar Nearby for Lease

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    • $9 SF/Yr
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      Office Space for Rent

      Office space available for rent with flexible floor plan.
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    • $8 SF/Yr
      2,279 SF

      Henderson Office Space For Rent

      Office suites available for lease near downtown Henderson, Kentucky.
      327 2Nd St, Henderson, KY 42420
      View Details
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    Henderson, KY 42420-3136
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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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