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Property profile & analytics
OFF-MARKET
Office Spaces
3101 Grn Riv Rd Evansville, IN 47715-1369
Individually Owned
7-yr Hold
Free & Clear
Property ID
US31-0997821
Property summary
AI-generated overview
The Parke, located at 3101 N Green River Rd, Evansville, IN 47715, offers flexible office space in a prime location. This Class B property, built in 1996, comprises nine single-story buildings totaling 45,000 square feet on a 4-acre lot. The property features convenient parking and excellent access, making it ideal for various business needs. Currently, three office spaces are available, ranging from 1,250 to 1,850 square feet. The building is zoned C-4 and offers 120/240 power. Its versatile design makes it suitable for traditional office, medical office, or executive office uses. The address is easily accessible via Spring Valley Road. This multi-tenant building presents a unique opportunity for businesses seeking a well-maintained and conveniently located office space in Evansville, Indiana. The property's ample parking and flexible space options cater to a wide range of business requirements. The single-story design ensures easy navigation and accessibility for all tenants.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Construction
WOOD
Total area
5,500 SF
Lot
4.7 ac (204,732 SF)
APN
82-06-12-017-176.017-027
UPID
US31-0997821
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Melissa A. Jones, PHD Physician Medical Clinic
-
Rebecca S. Luzio, PHD Physician Medical Clinic
-
Stacy Quint, PsyD Physician Medical Clinic
-
Tri-State Better Business Bureau Charitable Organization Social Service Agency
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Margaret Connolly, PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bill Spurling · 7 yrs held
Bill Spurling
since 2018
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Evansville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evansville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$67,417
Tax year 2023
Assessed value
$2,125,500
Assessed 2023
Previous assessed
$2,125,500
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$1,069,500
Assessed improvement
$1,056,000
Land market value
$1,069,500
Improvement market value
$1,056,000
Total market value
$2,125,500
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
NONE
Buildings
10
Stories
1
Total area
5,500 SF
Lot
4.7 ac (204,732 SF)
APN
82-06-12-017-176.017-027
UPID
US31-0997821
Jurisdiction
VANDERBURGH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
NONE
Stories
1
Buildings
10
Lot
4.7 ac
Current owner
From public records · entity-resolved
Bill Spurling
Individual
Free & Clear · 7 yrs held
Mailing address
3201 N GRN RIV RD, EVANSVILLE, IN 47715-1598
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2018
—
Bill Spurling
Bill Spurling
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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