Financial
Distress signals
Property profile

4115 E Morgan Ave Evansville, IN 47715

FOR SALE
Other commercial real estate
Property ID
US31-1060560
4,755 SF 0.49 ac lot Built 1989
Last sale Oct 2021 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a mixed-use building totaling approximately 5,000 square feet, situated on a 0.49-acre lot. It is located on Morgan Avenue near Green River Road, with access to main-area traffic and positioning along Morgan Avenue. The space is configured as a flexible commercial use with suitability for professional, retail, or trade businesses, and it can accommodate multiple tenants or a single owner-user. An additional outbuilding of approximately 200 square feet is located on the site.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$140k
Assessed land$64k
Assessed improvement$76k
Effective rate3.17%

Value estimate

· Sep 2026
$375k
$338k – $413k
NOI build-up
Gross scheduled income$91k
Vacancy & credit loss−$14k
Operating expenses−$19k
NOI · 17.07% cap applied$58k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$55/SF
Submarket average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$27 – $85
Qualifying comparables3

Cap rate analysis

How does the asset earn?
17.07%
$58k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionVANDERBURGH

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.6
Parking Facility10.7
Daycare Center10.2

Location

4115 E Morgan Ave Evansville, IN 47715
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1600 Grn Riv Rd, Evansville, IN 47715-5662 $600,000 Jan 2022 No data
4810 Tecumseh, Evansville, IN 47715-3220 $360,000 Dec 2021 5,220 SF
4014 Eichel, Evansville, IN 47715-2202 $125,000 Nov 2021 4,060 SF
2301 Grn Riv, Evansville, IN 47715-6711 $505,000 May 2020 7,900 SF
1510 Stockwell, Evansville, IN 47715 $40,000 Feb 2020 3,840 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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