Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    302 Main St Vincennes, IN 47591-1203
    Back to Search
    Property profile & analytics

    302 Main St, Vincennes, IN 47591-1203

    View on Map
    • Retail space
    • 36,400 SF
    • 0.92 lot acres
    Off-Market
    Property ID
    US31-2546144
    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
    $1,185,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Regions Mortgage / Loan Service / Bank
    • Miller David L / Law Firm
    • Jane J Cox - Regions Mortgage Loan Officer / Loan Service / Bank
    • The Grand Bankquet Hall / Business Service Center / Conference Center
    • ATM / Atm

    Property Details for 302 Main St

    Year built
    1919
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.92 lot acres
    Property type
    Retail space
    APN
    42-12-21-303-057.000-022
    APU
    421221303057000022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $715,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,657,000
      Market price range: $1.57M - $5.32M

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

    Location Insight

    • Map
    • Local Demand
    City
    Vincennes
    County
    Knox
    State
    Indiana
    Longitude
    -87.5309
    Latitude
    38.6791
    CBSA code
    47180
    CBSA name
    VINCENNES, IN MICROPOLITAN 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
    $10,132
    $38,500
    $780,700
    $819,200
    -
    $38,500
    $780,700
    $819,200

    Comparable in this City

    • Value Estimation by Request
      832 SF

      1331 Wabash Ave

      RETAIL STORES (PERSONAL SERVICES)
      1331 Wabash Ave, Vincennes, IN 47591-3232
      View Details
    • Value Estimation by Request
      1,241 SF

      407 1st St

      RETAIL STORES (PERSONAL SERVICES)
      407 1st St, Vincennes, IN 47591-1301
      View Details
    • Value Estimation by Request
      2,964 SF

      275589 Frd Rd

      RETAIL STORES (PERSONAL SERVICES)
      275589 Frd Rd, Vincennes, IN 47591
      View Details
    • Value Estimation by Request
      1,304 SF

      1691 Hart St

      RETAIL STORES (PERSONAL SERVICES)
      1691 Hart St, Vincennes, IN 47591-5501
      View Details
    • Value Estimation by Request
      1,810 SF

      1305 Hart St

      RETAIL STORES (PERSONAL SERVICES)
      1305 Hart St, Vincennes, IN 47591-4631
      View Details
    • Value Estimation by Request
      3,894 SF

      506 Main St

      RETAIL STORES (PERSONAL SERVICES)
      506 Main St, Vincennes, IN 47591-2008
      View Details

    Similar Nearby for Sale

    • $194,900
      0.08 Acres

      Downtown Vincennes Mixed-Use Building

      Two-story commercial building in historic downtown Vincennes.
      423 Main Street Rd, Vincennes, IN 47591
      View Details
    • Contact for pricing
      2,944 SF

      Operating Kennel Business For Sale

      Actively operating kennel business with 20 dog kennels for sale.
      433 S Hickory Corner Rd, Vincennes, IN 47591
      View Details
    • $299,900
      1.00 Acre

      Operating Kennel Business For Sale

      Actively operating kennel business with 20 dog kennels.
      433 S Hickory Corner Rd, Vincennes, IN 47591
      View Details
    • Contact for pricing
      10,125 SF

      CVS Absolute NNN Asset

      10,125 SF CVS NNN property for sale.
      1500 Hart St, Vincennes, IN 47591
      View Details
    • $194,900
      3,485 SF

      Downtown Vincennes Mixed-Use Building

      Two-story commercial building in historic downtown with retail and office.
      423 Main Street Rd, Vincennes, IN 47591
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      7,840 SF

      Versatile Commercial Property in Vincennes

      Adaptable space suitable for retail, office, or service businesses.
      21 S 13Th St, Vincennes, IN 47591
      View Details
    • Contact for pricing

      Industrial Space in Retail Center

      Industrial space for lease in a Walmart-anchored shopping center.
      648 Kimmell Rd, Vincennes, IN 47591
      View Details
    • Contact for pricing

      Kimmell Pointe Shopping Center

      17+ acre power center at US 41 and Hart Street.
      Kimmell Rd And Hart St, Vincennes, IN 47591
      View Details
    • Contact for pricing

      Retail Space in Knox Plaza

      Retail space available in high-visibility Vincennes shopping center.
      2445 N 6Th St, Vincennes, IN 47591
      View Details
    • Contact for pricing

      Former Restaurant with Drive-Thru

      High-traffic location suitable for fast food or redevelopment.
      2022 North 6Th Street Rd, Vincennes, IN 47591
      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.
    302 Main St
    Vincennes, IN 47591-1203
    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
    302 Main St, Vincennes, IN, 47591
    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!