Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2033 Cresline Dr Henderson, KY 42420-3825

    • Manufacturing properties
    • 1,827 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1684865
    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

    • Clarke Power Services, Inc. / Auto Repair Shop

    Property Details for 2033 Cresline Dr

    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.00 lot acres
    Property size
    1,827 SF
    Property type
    Manufacturing properties
    APN
    67-4
    APU
    674

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Henderson
    State
    Kentucky
    Longitude
    -87.5727
    Latitude
    37.8112
    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
    $5,031
    $0.00
    $0.00
    $450,000
    -
    $0.00
    $0.00
    $450,000

    Comparable in this City

    • Value Estimation by Request
      61,350 SF

      1450 Commonwealth Dr

      MANUFACTURING (LIGHT) • 61,350 SF
      1450 Commonwealth Dr, Henderson, KY 42420-4476
      View Details
    • Value Estimation by Request
      122,620 SF

      2030 Cresline Dr

      MANUFACTURING (LIGHT) • 122,620 SF
      2030 Cresline Dr, Henderson, KY 42420-3826
      View Details
    • Value Estimation by Request
      10,185 SF

      5840 Airline Rd

      MANUFACTURING (LIGHT) • 10,185 SF
      5840 Airline Rd, Henderson, KY 42420-9561
      View Details
    • Value Estimation by Request
      11.94 Acres

      800 Bob Posey St

      MANUFACTURING (LIGHT) • 11.94 Acres
      800 Bob Posey St, Henderson, KY 42420-5617
      View Details
    • Value Estimation by Request
      33,030 SF

      215 Hwy 2084th S

      MANUFACTURING (LIGHT) • 33,030 SF
      215 Hwy 2084th S, Henderson, KY 42420-8321
      View Details
    • Value Estimation by Request
      12.72 Acres

      1573 State Rte 136th W

      MANUFACTURING (LIGHT) • 12.72 Acres
      1573 State Rte 136th W, Henderson, KY 42420-9662
      View Details

    Similar Nearby for Sale

    • $2,500,000
      38,245 SF

      5630 Airline Rd

      Manufacturing properties • 38,245 SF
      5630 Airline Rd, Henderson, KY 42420
      View Details
    • Contact for pricing
      0.65 Acres

      Henderson KY Outlot Development

      Prime Rural King outlots, high traffic.
      1700 Green St, Henderson, KY 42420
      View Details
    • Contact for pricing
      1.00 Acre

      Acre Lot in Henderson County

      One acre lot available in Henderson County, Kentucky.
      7904 Crooked Rd, Henderson, KY 42420
      View Details
    • Contact for pricing

      Residential Land in Henderson, KY

      Budget-friendly land lot with endless potential in Henderson, Kentucky.
      1419 Cumnock St, Henderson, KY 42420
      View Details
    • $975,000
      6.03 Acres

      Henderson Hwy 60 Commercial Land

      ±6 Acres, High Visibility, $975,000
      0 Us Highway 60, Henderson, KY 42420
      View Details
    • Contact for pricing

      Industrial Land For Sale

      1.38 acre light industrial land parcel available for sale.
      430 4Th St, Henderson, KY 42420
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      38,245 SF

      Henderson County Industrial Complex

      38,245 SF Flex Space, On-Site Fueling
      5630 Airline Rd, Henderson, KY 42420
      View Details
    • $5 SF/Yr
      99,735 SF

      Henderson Industrial Portfolio

      Versatile Warehouse & Office Space Available
      1156 1St St, Henderson, KY 42420
      View Details
    • $10 SF/Yr
      8,239 SF

      Henderson County Executive Office Space

      Prime Henderson, KY office space available. 4,223 sq ft. NNN lease.
      2600 Zion Rd, Henderson, KY 42420
      View Details
    • $22 SF/Yr
      3,516 SF

      Prime Retail Space in Henderson

      Versatile commercial space with high visibility and customizable interior.
      336 Rettig Rd, Henderson, KY 42420
      View Details
    • $9 SF/Yr
      5,900 SF

      Office Space for Rent

      Office space available for rent with flexible floor plan.
      324 N Elm St, Henderson, KY 42420
      View Details
    • Contact for pricing
      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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2033 Cresline Dr
    Henderson, KY 42420-3825
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!