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    Property profile & analytics

    2516 Washington Ave Evansville, IN 47714-2404

    • Medical offices
    • 4,480 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Sep 27, 2024
    Location Intelligence
    Property ID
    US31-1240091
    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

    • Xerographic Business Systems of Evansville / Fax Service / Print Shop
    • Richard M Royalty Insurance / Insurance Agency

    Property Details for 2516 Washington Ave

    Year built
    1984
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.21 lot acres
    Property size
    4,480 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    82-06-27-014-014.016-027
    APU
    820627014014016027

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5183
    Latitude
    37.9629
    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
    $4,961
    $27,200
    $129,200
    $156,400
    -
    $27,200
    $129,200
    $156,400

    Comparable in this City

    • Value Estimation by Request
      83,218 SF

      3861 Bellemeade Ave

      MEDICAL BUILDING • 83,218 SF
      3861 Bellemeade Ave, Evansville, IN 47714
      View Details
    • Value Estimation by Request
      141,302 SF

      3700 Washington Ave

      MEDICAL BUILDING • 141,302 SF
      3700 Washington Ave, Evansville, IN 47714-0541
      View Details
    • Value Estimation by Request
      2,700 SF

      951 Hebron Ave

      MEDICAL BUILDING • 2,700 SF
      951 Hebron Ave, Evansville, IN 47714-4084
      View Details
    • Value Estimation by Request
      6,885 SF

      711 Saint Marys Dr

      MEDICAL BUILDING • 6,885 SF
      711 Saint Marys Dr, Evansville, IN 47714-0508
      View Details
    • Value Estimation
      $355,000
      4,622 SF

      1332 Lincoln Ave

      MEDICAL BUILDING • 4,622 SF
      1332 Lincoln Ave, Evansville, IN 47714-1516
      View Details
    • Value Estimation
      $330,000
      2,296 SF

      3001 Washington Ave

      MEDICAL BUILDING • 2,296 SF
      3001 Washington Ave, Evansville, IN 47714-2636
      View Details

    Similar Nearby for Sale

    • $5,985,000
      16,872 SF

      Evansville Medical Office Building

      16,872 SF Medical Office, 8.45% Cap Rate
      1125 Professional Blvd, Evansville, IN 47714
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    • $3,500,000
      28,974 SF

      Professional Medical Office Building

      Class A medical office building, Evansville, IN.
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    • $975,000
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      Medical Office Building For Sale

      Medical office building near professional offices, hospitals, and clinics.
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    • $3,750,000
      52,995 SF

      Evansville Medical Building For Sale

      East Side medical building near Ascension St. Vincent Evansville Hospital.
      4411 Washington Ave, Evansville, IN 47714
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    • $399,000
      0.19 Acres

      Updated Office Building For Sale

      Updated office building with parking, near amenities, ready for tenant.
      1010 S Weinbach Ave, Evansville, IN 47714
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    • $250,000
      2,078 SF

      Mixed-Use Investment Opportunity

      Commercial office and residential apartment in thriving commercial corridor.
      2331-2333 Washington Ave, Evansville, IN 47714
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      116,228 SF

      Evansville Medical Office Space For Lease

      Modern medical suites, various sizes available.
      901 St Marys Dr, Evansville, IN 47714
      View Details
    • $12 SF/Yr
      10,562 SF

      Evansville Office Space For Lease

      Prime Evansville location, flexible suites available.
      1110 Professional Blvd, Evansville, IN 47714
      View Details
    • $10 SF/Yr
      28,974 SF

      Evansville Medical Office Space

      Class A medical office building, fully vacant.
      1020 Professional Blvd, Evansville, IN 47714
      View Details
    • $9 SF/Yr
      10,540 SF

      Medical/Professional Office Space Available

      Premier medical and professional office building in established medical corridor.
      1312 Professional Blvd, Evansville, IN 47714
      View Details
    • $2,700 /Mo
      2,400 SF

      Medical Office Space Available

      Office suite with exam rooms, ideal for medical professionals.
      2809 Lincoln Ave, Evansville, IN 47714
      View Details
    • $4,075 /Mo
      2,643 SF

      Evansville Office with Unique Features

      Move-in ready office with high visibility and unique amenities.
      15 Vann Ave, Evansville, IN 47714
      View Details
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    2516 Washington Ave
    Evansville, IN 47714-2404
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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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