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    Property profile & analytics

    400 412th Se 8th St Evansville, IN 47713

    • Office Properties & Spaces
    • 21,930 SF
    • 2.25 lot acres
    OFF-MARKET
    Value Estimation
    $485,000
    Location Intelligence
    Property ID
    US31-1224272
    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

    • Carver Community Organization / Social Services Organization

    Property Details for 400 412th Se 8th St

    Year built
    1894
    Construction
    WOOD
    Lot size
    2.25 lot acres
    Property size
    21,930 SF
    Property type
    Office Properties & Spaces
    APN
    82-06-29-021-038.019-029
    APU
    820629021038019029

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $610,000
      6.5%
      $675,000
      7%
      $560,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $735,000
      Geo Method
      $605,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $650,000
      Retail
      $560,000
      Mixed-Use
      $595,000
      Hospitality
      $620,000
      Educational
      $600,000
      Residential Income
      $635,000
      Energy
      $635,000
      Income-Based Land
      $640,000
      Food Service
      $595,000

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.563
    Latitude
    37.9705
    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
    $0.00
    $211,600
    $423,600
    $635,200
    -
    $211,600
    $423,600
    $635,200

    Comparable in this City

    • Value Estimation by Request
      72,142 SF

      610 Walnut St

      OFFICE (GENERAL) • 72,142 SF
      610 Walnut St, Evansville, IN 47713-2460
      View Details
    • Value Estimation by Request
      3,139 SF

      802 Adams Ave

      OFFICE (GENERAL) • 3,139 SF
      802 Adams Ave, Evansville, IN 47713-2213
      View Details
    • Value Estimation by Request
      5,760 SF

      601 Cherry St, Unit 621

      OFFICE (GENERAL) • 5,760 SF
      601 Cherry St, Evansville, IN 47713
      View Details
    • Value Estimation
      $315,000
      3,024 SF

      314 Riverside Dr

      OFFICE (GENERAL) • 3,024 SF
      314 Riverside Dr, Evansville, IN 47713-1036
      View Details
    • Value Estimation by Request
      20,000 SF

      825 Walnut St

      OFFICE (GENERAL) • 20,000 SF
      825 Walnut St, Evansville, IN 47713-1848
      View Details
    • Value Estimation
      $290,000
      2,830 SF

      225 1st St

      OFFICE (GENERAL) • 2,830 SF
      225 1st St, Evansville, IN 47713
      View Details

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    Similar Nearby for Lease

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    • $15 SF/Yr
      130,549 SF

      Prime Evansville Office Space

      Class A Office, Multiple Suites Available
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      View Details
    • $11 SF/Yr
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      Evansville Office Building For Lease

      Office building for lease near downtown Evansville and IU School of Medicine.
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    • $10 SF/Yr
      3,600 SF

      Warehouse and Office Space Available

      3,600 SF suite with warehouse and office space for lease.
      703-705 E Sycamore St, Evansville, IN 47713
      View Details
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    Evansville, IN 47713
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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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