Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2600 Oak Hill Rd Evansville, IN 47711
    Back to Search
    Property profile & analytics

    2600 Oak Hill Rd Evansville, IN 47711

    View on Map
    • Residential land & home lots
    Off-Market
    Property ID
    US31-0976809
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 2600 Oak Hill Rd

    Property type
    Residential land & home lots

    Description

    Ideal location for development! Located between Lynch Road and Morgan Avenue. Above flood plain, Zoned residential, Convenient access to Green River Road & I-164

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5224473
    Latitude
    38.0003601

    Comparable in this City

    • Contact for pricing
      0.09 Acres

      Residential Land in Evansville, IN

      Vacant residential lot available in Evansville, Indiana.
      106 E Tennessee St, Evansville, IN 47711
      View Details
    • $149,900
      3.83 Acres

      Evansville Residential Land Opportunity

      Residential land available near a lake in Evansville, Indiana.
      2721 Knobb Hl Dr, Evansville, IN 47711
      View Details
    • Contact for pricing
      0.15 Acres

      Evansville Residential Land Opportunity

      Corner lot zoned R-2, suitable for single-family or duplex.
      219 E Michigan St, Evansville, IN 47711
      View Details
    • $100,000
      2.18 Acres

      Evansville Residential Land Opportunity

      Large wooded lots in a convenient, private north side subdivision.
      323 Hesmer Dr, Evansville, IN 47711
      View Details
    • $100,000
      2.14 Acres

      Evansville Residential Land Opportunity

      Large wooded lots available in a new north side subdivision.
      415 Hesmer Rd, Evansville, IN 47711
      View Details
    • $50,000
      1.02 Acres

      Evansville Residential Land Opportunity

      Large wooded lots available in a new north side subdivision.
      435 Hesmer Rd, Evansville, IN 47711
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.09 Acres

      Residential Land in Evansville, IN

      Vacant residential lot available in Evansville, Indiana.
      106 E Tennessee St, Evansville, IN 47711
      View Details
    • $149,900
      3.83 Acres

      Evansville Residential Land Opportunity

      Residential land available near a lake in Evansville, Indiana.
      2721 Knobb Hl Dr, Evansville, IN 47711
      View Details
    • Contact for pricing
      0.15 Acres

      Evansville Residential Land Opportunity

      Corner lot zoned R-2, suitable for single-family or duplex.
      219 E Michigan St, Evansville, IN 47711
      View Details
    • $100,000
      2.18 Acres

      Evansville Residential Land Opportunity

      Large wooded lots in a convenient, private north side subdivision.
      323 Hesmer Dr, Evansville, IN 47711
      View Details
    • $100,000
      2.14 Acres

      Evansville Residential Land Opportunity

      Large wooded lots available in a new north side subdivision.
      415 Hesmer Rd, Evansville, IN 47711
      View Details
    • $80,000
      1.60 Acres

      Evansville Residential Land Opportunity

      Large wooded lots ideal for walk-out basements near schools.
      427 Hesmer Rd, Evansville, IN 47711
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Proposed Industrial Building Opportunity

      Opportunity to build warehousing space in Evansville, Indiana.
      2018 Maxwell Ave, Evansville, IN 47711
      View Details
    • Contact for pricing

      Large Fenced Lot For Rent

      Large fenced lot available for rent.
      750 E Franklin St, Evansville, IN 47711
      View Details
    • Contact for pricing

      Evansville Multi-Tenant Complex For Rent

      Multi-tenant complex on Evansville’s northeast side, convenient location.
      701 N Weinbach Ave, Evansville, IN 47711
      View Details
    • Contact for pricing

      East Morgan Avenue Retail Space

      Renovated retail, office, or restaurant space with high visibility.
      2303 E Morgan Ave, Evansville, IN 47711
      View Details
    • Contact for pricing

      Evansville Manufacturing and Warehouse Space

      Manufacturing and warehouse facility with ample parking and recent upgrades.
      955 E Diamond Ave, Evansville, IN 47711
      View Details
    • Contact for pricing
      2,100 SF

      Office Space Near Lloyd Expressway

      Office space for lease with high visibility and open layout.
      1338-1340 E Division St, Evansville, IN 47711
      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.
    2600 Oak Hill Rd
    Evansville, IN 47711
    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

    Thank You for Inquiry
    2600 Oak Hill Rd, Evansville, IN, 47711
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!