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Property profile & analytics
FOR SALE
Parking lots & garages
3559 Us Highway 41 Princeton, IN 47670
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2400158
For Sale
$650,000
3559 Us Highway 41, Princeton, IN 47670
View Listing →
Property summary
AI-generated overview
This exceptional 8.033-acre vacant land parcel presents a remarkable investment opportunity in Princeton, Indiana. Strategically located on US Highway 41, this property boasts a highly visible stoplight corner location directly across from a Toyota dealership, ensuring significant daily traffic exposure. The property features convenient curb cuts on both US Highway 41 and County Road 350 South, providing excellent access and visibility. Its proximity to major transportation arteries further enhances its appeal
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1964
Lot
0.64 ac (27,704 SF)
APN
26-12-31-100-000.595-027
UPID
US31-2400158
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
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
Princeton City Of · 6 yrs held
Princeton City Of
since 2019
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 Princeton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Princeton 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
$508
Tax year 2023
Assessed value
$20,200
Assessed 2023
Previous assessed
$20,200
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$10,000
Assessed improvement
$10,200
Land market value
$10,000
Improvement market value
$10,200
Total market value
$20,200
Applied tax rate
27.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
For Sale
Year built
1964
Heating
NONE
Lot
0.64 ac (27,704 SF)
APN
26-12-31-100-000.595-027
UPID
US31-2400158
Jurisdiction
GIBSON
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
1964
Heating
NONE
Lot
0.64 ac
Current owner
From public records · entity-resolved
Princeton City Of
Entity
Free & Clear · 6 yrs held
Mailing address
3201 N GRN RIV RD, EVANSVILLE, IN 47715-1598
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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 26, 2019
—
Princeton City Of
Spur Leasing INC
Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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