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    Property profile & analytics

    1601 1st Ave Evansville, IN 47710-2707

    • Grocery and convenience stores
    • 3,024 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimation
    $1,380,000
    Last Sale
    Mar 05, 2020
    $1,250,000
    Location Intelligence
    Property ID
    US31-0832139
    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

    • Marathon Gas Station / Gas Station
    • BMG Inc / Stone Supplier
    • DigitalMint Bitcoin ATM / Financial Institution / Currency Exchange Service
    • LibertyX Bitcoin ATM / Atm

    Property Details for 1601 1st Ave

    Year built
    2000
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.04 lot acres
    Property size
    3,024 SF
    Property type
    Grocery and convenience stores
    APN
    82-06-18-027-051.001-029
    APU
    820618027051001029

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,260,000
      6.5%
      $1,275,000
      7%
      $1,235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,340,000
      Geo Method
      $1,225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $985,000
      Retail
      $1,370,000
      Mixed-Use
      $1,080,000
      Hospitality
      $1,255,000
      Educational
      $1,045,000
      Residential Income
      $1,355,000
      Energy
      $1,075,000
      Income-Based Land
      $1,205,000
      Food Service
      $1,225,000

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5741
    Latitude
    37.9925
    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
    $13,271
    $90,300
    $328,100
    $418,400
    -
    $90,300
    $328,100
    $418,400

    Comparable in this City

    • Value Estimation
      $285,000
      2,470 SF

      3017 Kratzville Rd

      CONVENIENCE STORE • 2,470 SF
      3017 Kratzville Rd, Evansville, IN 47710-3055
      View Details
    • Value Estimation
      $350,000
      2,135 SF

      1121 1123rd N 1st Ave

      CONVENIENCE STORE • 2,135 SF
      1121 1123rd N 1st Ave, Evansville, IN 47710
      View Details
    • Value Estimation
      $360,000
      2,616 SF

      1201 Columbia St

      CONVENIENCE STORE • 2,616 SF
      1201 Columbia St, Evansville, IN 47710-1425
      View Details
    • Value Estimation
      $390,000
      1,904 SF

      3900 1st Ave

      CONVENIENCE STORE • 1,904 SF
      3900 1st Ave, Evansville, IN 47710-3612
      View Details
    • Value Estimation
      $335,000
      3,200 SF

      3105 1st Ave

      CONVENIENCE STORE • 3,200 SF
      3105 1st Ave, Evansville, IN 47710-3101
      View Details
    • Value Estimation by Request
      60,785 SF

      4635 1st Ave

      GROCERY, SUPERMARKET • 60,785 SF
      4635 1st Ave, Evansville, IN 47710-3625
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      176,197 SF

      High-Traffic Retail Destination

      Retail spaces available in established Evansville shopping center.
      4400 North 1St Ave, Evansville, IN 47710
      View Details
    • $160,000
      10,000 SF

      Retail Office with Garage

      Retail office with garage on a 10,000 SF lot.
      110 N 1St Ave, Evansville, IN 47710
      View Details
    • $75,000
      3,080 SF

      Mixed-Use Building with Apartment

      Vacant mixed-use building with apartment, off-street parking, C-2 zoning.
      1201 N 1St Ave, Evansville, IN 47710
      View Details
    • $100,000
      1,428 SF

      Retail Storefront on Corner Lot

      Retail property on corner lot in high-traffic area.
      3200-3204 Kratzville Rd, Evansville, IN 47710
      View Details
    • $425,000
      7,978 SF

      Prime Evansville Office/Retail

      7,978 SF Multi-Family Investment
      1033 Franklin St, Evansville, IN 47710
      View Details
    • $2,500,000
      35,010 SF

      Evansville Office Facility Near Hospital

      35,010 SF office building near Deaconess Hospital.
      615 W Virginia St, Evansville, IN 47710
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      1,920 SF

      Corner Retail Space Available

      Retail space in high-traffic area near downtown Evansville.
      311 N 1St Ave, Evansville, IN 47710
      View Details
    • $10 SF/Yr
      1,872 SF

      Evansville Retail Space For Lease

      Retail spaces available in high-traffic shopping center with strong co-tenancy.
      4612 N 1St Ave, Evansville, IN 47710
      View Details
    • $10,000 /Mo
      4,481 SF

      Evansville Retail Space Available

      Retail space available for lease in Evansville, Indiana.
      722 Landbridge Way, Evansville, IN 47710
      View Details
    • $8 SF/Yr
      14,955 SF

      Retail Space in Target Center

      Large retail suite with high traffic and great exposure.
      4000-4036 N 1St Ave, Evansville, IN 47710
      View Details
    • $2.00 SF/Yr
      3,200 SF

      Evansville Retail Space For Lease

      Retail spaces available in high-traffic Evansville shopping center.
      4300 North 1St Ave, Evansville, IN 47710
      View Details
    • $12 SF/Yr
      3,444 SF

      Evansville Retail Space with Drive-Thru

      3,444 SF retail space with drive-thru on N First Ave.
      4301 N 1St Ave, Evansville, IN 47710
      View Details
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    Evansville, IN 47710-2707
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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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