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    Property profile & analytics

    2600 Kentucky Ave Evansville, IN 47714

    • Warehouses
    • 105,120 SF
    • 15.45 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Value Estimation
    $825,000
    Last Sale
    Aug 04, 2023
    Location Intelligence
    Property ID
    US31-1048702
    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

    • Warehouses

    Property Details for 2600 Kentucky Ave

    Year built
    1974
    Construction
    TYPE NOT SPECIFIED
    Lot size
    15.45 lot acres
    Property size
    105,120 SF
    Property type
    Warehouses
    APN
    82-09-04-017-004.007-027
    APU
    820904017004007027

    Description

    This exceptional 105,120-square-foot warehouse, built in 1974, is available for lease. Situated on a 15.45-acre lot with extensive paved, fenced, and lighted yard space (15.80+/- acres), this single-story building offers 99,040 square feet of warehouse space and 6,080 square feet of climate-controlled office space. Features include 14-18-foot ceilings, concrete flooring, two loading docks, and 480V 3-phase power. The property boasts significant road frontage along Interstate 69 (2,800 feet) and Highway 41 (1,362 feet), providing excellent accessibility. The sprinkler system is wet, and the building is zoned C-4, with potential for upgrade to M2 zoning. The annual lease rate is $4.75 per square foot, NNN. Located just two miles from the new I-69 bridge, this property presents a prime opportunity for businesses seeking a large, well-maintained industrial space with exceptional visibility and convenient access to major transportation routes. The entire space is currently available, but the property is divisible (details available upon request). APN: 82-09-04-017-004.007-027.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $890,000

    • CAP approach

      CAP return
      Estimation
      6%
      $845,000
      6.5%
      $885,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $875,000
      Geo Method
      $720,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $715,000
      Retail
      $975,000
      Mixed-Use
      $805,000
      Hospitality
      $830,000
      Educational
      $970,000
      Residential Income
      $980,000
      Energy
      $970,000
      Income-Based Land
      $885,000
      Food Service
      $740,000

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5457
    Latitude
    37.9438
    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
    $28,311
    $776,600
    $116,000
    $892,600
    -
    $776,600
    $116,000
    $892,600

    Comparable in this City

    • Value Estimation by Request
      8,700 SF

      4711 Washington Ave

      MINI-WAREHOUSE, STORAGE • 8,700 SF
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      View Details
    • Value Estimation
      $260,000
      7,000 SF

      2015 Gilbert Ave

      WAREHOUSE, STORAGE • 7,000 SF
      2015 Gilbert Ave, Evansville, IN 47714-4139
      View Details
    • Value Estimation
      $360,000
      11,400 SF

      500 Kentucky Ave

      WAREHOUSE, STORAGE • 11,400 SF
      500 Kentucky Ave, Evansville, IN 47714-1015
      View Details
    • Value Estimation by Request
      179 SF

      Covert Ave

      STORAGE YARD, OPEN STORAGE • 179 SF
      Covert Ave, Evansville, IN 47714
      View Details
    • Value Estimation by Request

      4618 Covert Ave

      Distribution properties
      4618 Covert Ave, Evansville, IN 47714
      View Details
    • Value Estimation by Request
      9,115 SF

      1600 Gilbert Ave

      MINI-WAREHOUSE, STORAGE • 9,115 SF
      1600 Gilbert Ave, Evansville, IN 47714
      View Details

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    Similar Nearby for Lease

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      Large Warehouse For Lease

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      2600 Kentucky Ave, Evansville, IN 47714
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    2600 Kentucky Ave
    Evansville, IN 47714
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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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