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    Property profile & analytics

    312 NW Martin Luther King Jr Blvd Evansville, IN 47708

    • Office Properties & Spaces
    • 15,840 SF
    • 0.71 lot acres
    For Sale
    View listing
    $595,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-1002097
    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

    • Vick Strategic / Business Management Consultant
    • VeriScreen Comprehensive Background Screening / Consultant / Business To Business Service
    • Jack R Kinkel & Son / Architect
    • Ideal Roofing / Roofing Contractor / Contractor
    • Croft Appraisal Group, LLC / Real Estate Appraiser

    Property Details for 312 NW Martin Luther King Jr Blvd

    Year built
    1957
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.71 lot acres
    Property size
    15,840 SF
    Property type
    Office Properties & Spaces
    APN
    82-06-30-029-037.021-029
    APU
    820630029037021029

    Description

    This exceptional 18,194 square foot Class B office building, located at 312 NW MLK Jr. Blvd in Vanderburgh County, offers a unique opportunity for businesses seeking flexible and conveniently located office space. Built in 1957, the property sits on a 0.707-acre lot and currently has 11,841 square feet of vacant space available for lease. The building is ideally suited for multiple tenants, with spaces ranging from a minimum of 400 square feet to a maximum contiguous space of 3,300 square feet. Thirteen individual office spaces are currently available. Tenants can benefit from adaptable floor plans, allowing for customization to meet specific business needs. The building boasts ample free on-site parking, a significant advantage in a busy urban area. Furthermore, high-speed fiber-optic internet service is available, ensuring seamless connectivity for modern businesses. The competitive pricing makes this property an attractive option for companies of various sizes seeking a well-maintained and conveniently located office space in Evansville, Indiana. The property's location offers easy access to major transportation routes and local amenities.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5708
    Latitude
    37.9759
    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
    $13,044
    $117,800
    $267,900
    $385,700
    -
    $117,800
    $267,900
    $385,700

    Comparable in this City

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      515 Walnut St, Unit UN302

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      515 Walnut St, Unit UN203

      OFFICE (GENERAL) • 909 SF
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      86,113 SF

      915 Main St, Unit 919

      OFFICE (GENERAL) • 86,113 SF
      915 Main St, Evansville, IN 47708-1851
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    • Value Estimation
      $830,000
      39,753 SF

      401 1st St

      OFFICE (GENERAL) • 39,753 SF
      401 1st St, Evansville, IN 47708-1001
      View Details

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      Evansville Office Building Investment Opportunity

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    Evansville, IN 47708
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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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