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    Property profile & analytics

    3116 Morgan Ave Ste D Evansville, IN 47711-4471

    • Office buildings
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Last Sale
    Jun 10, 2021
    Location Intelligence
    Property ID
    US31-0722844
    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

    • Dental Care Finders / Dentist
    • PHN Solutions, Inc. / Website Designer / Computer Support And Services
    • Gammon Realty / Real Estate Agency
    • Dauble + Worthington Capital Management / Investment Service / Business To Business Service
    • No Cap Hair Loss Solutions / Hair Replacement Service / Tattoo Shop

    Property Details for 3116 Morgan Ave Ste D

    Lot size
    0.05 lot acres
    Property type
    Office buildings
    APN
    82-06-15-016-082.004-027
    APU
    820615016082004027

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $340,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $385,000
      Retail
      $335,000
      Mixed-Use
      $335,000
      Hospitality
      $425,000
      Educational
      $370,000
      Residential Income
      $325,000
      Energy
      $435,000
      Income-Based Land
      $400,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.511
    Latitude
    37.9918
    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
    $1,608
    $15,100
    $35,600
    $50,700
    -
    $15,100
    $35,600
    $50,700

    Comparable in this City

    • Value Estimation
      $240,000
      0.05 Acres

      3116 Morgan Ave Ste H

      OFFICE BUILDING • 0.05 Acres
      3116 Morgan Ave Ste H, Evansville, IN 47711-4471
      View Details
    • Value Estimation
      $255,000
      0.05 Acres

      3116 Morgan Ave Ste B

      OFFICE BUILDING • 0.05 Acres
      3116 Morgan Ave Ste B, Evansville, IN 47711-4471
      View Details
    • Value Estimation
      $50,000
      0.05 Acres

      3116 Morgan Ave Ste G

      OFFICE BUILDING • 0.05 Acres
      3116 Morgan Ave Ste G, Evansville, IN 47711-4471
      View Details
    • Value Estimation
      $250,000
      0.05 Acres

      3116 Morgan Ave Ste C

      OFFICE BUILDING • 0.05 Acres
      3116 Morgan Ave Ste C, Evansville, IN 47711-4471
      View Details
    • Value Estimation
      $390,000
      5,000 SF

      4820 Spg St

      OFFICE BUILDING • 5,000 SF
      4820 Spg St, Evansville, IN 47711-2487
      View Details
    • Value Estimation by Request
      3,966 SF

      2303 Morgan Ave

      Restaurants • 3,966 SF
      2303 Morgan Ave, Evansville, IN 47711
      View Details

    Similar Nearby for Sale

    • $169,000

      Commercial Building Near Downtown Evansville

      M-2 zoned commercial building with updates and flexible space.
      15 W Franklin St, Evansville, IN 47711
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    • $2,683,000
      45,218 SF

      Historic Beaux Arts Building Downtown

      Four-story historic building in downtown Evansville with redevelopment potential.
      524-530 Main St, Evansville, IN 47711
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    • $1,000,000
      23.77 Acres

      Evansville Land: 23 Acres Development Ready

      Prime 23-acre site, ideal for mixed-use development.
      2600 Oak Hill Rd, Evansville, IN 47711
      View Details
    • $399,000
      1.30 Acres

      Prime Evansville Commercial Property

      High-traffic location, 15,360 sq ft, 1.3 acres
      840 Diamond Ave, Evansville, IN 47711
      View Details
    • $335,000
      1.29 Acres

      Evansville Commercial Land - $335K

      1.29-Acre M-2 Zoned Lot, High Visibility
      0 Highway 41, Evansville, IN 47711
      View Details
    • $1,500,000

      Mixed-Use Investment Portfolio For Sale

      Four-property portfolio with restaurant, retail, apartments, and parking.
      605-617 N Main St, Evansville, IN 47711
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      37,287 SF

      Renovated Office Building For Lease

      Five-story office building with renovated interiors and common conference room.
      2425 Highway 41 North, Evansville, IN 47711
      View Details
    • $7 SF/Yr
      9,760 SF

      Evansville Retail Building Opportunity

      9,760 SF Office/Retail Space Available
      2018 Maxwell Ave, Evansville, IN 47711
      View Details
    • $6 SF/Yr
      35,000 SF

      The Crossing: Evansville Office Suites

      Prime Evansville office space, multiple suites available.
      701 Weinbach Ave, Evansville, IN 47711
      View Details
    • $190 SF/Yr
      3,966 SF

      Evansville Creative Office Space

      Renovated 3,966 SF Office/Retail Space
      2303 Morgan Ave, Evansville, IN 47711
      View Details
    • $295 SF/Yr
      948 SF

      Office Space in Business District

      Office suite in a business district with utilities included.
      1525 N Heidelbach Ave, Evansville, IN 47711
      View Details
    • $12 SF/Yr
      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
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    Evansville, IN 47711-4471
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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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