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    Property profile & analytics

    4201 Highway 41 N Evansville, IN 47711

    • Hotels
    • 25,916 SF
    • 7.63 lot acres
    For Sale
    View listing
    $1,900,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-3241635
    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

    • PT6 Inn / Hotel
    • U-Haul Neighborhood Dealer / Trailer Rental Service / Van Rental Agency

    Property Details for 4201 Highway 41 N

    Year built
    1973
    Construction
    WOOD
    Lot size
    7.63 lot acres
    Property size
    25,916 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    82-06-09-034-299.022-020
    APU
    820609034299022020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $720,000

    • CAP approach

      CAP return
      Estimation
      6%
      $765,000
      6.5%
      $770,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $765,000
      Geo Method
      $780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $815,000
      Retail
      $615,000
      Mixed-Use
      $710,000
      Hospitality
      $825,000
      Educational
      $655,000
      Residential Income
      $650,000
      Energy
      $605,000
      Income-Based Land
      $820,000
      Food Service
      $730,000

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5379
    Latitude
    38.0179
    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
    $23,037
    $466,200
    $260,100
    $726,300
    -
    $466,200
    $260,100
    $726,300

    Comparable in this City

    • Value Estimation
      $340,000
      4,002 SF

      1719 Fares Ave

      HOTEL/MOTEL • 4,002 SF
      1719 Fares Ave, Evansville, IN 47711
      View Details
    • Value Estimation
      $670,000
      48,092 SF

      2508 Hwy 41st N

      HOTEL/MOTEL • 48,092 SF
      2508 Hwy 41st N, Evansville, IN 47711-4008
      View Details
    • Value Estimation by Request
      71,362 SF

      3803 Hwy 41st N

      HOTEL/MOTEL • 71,362 SF
      3803 Hwy 41st N, Evansville, IN 47711
      View Details
    • Value Estimation
      $335,000
      10,948 SF

      1801 Fares Ave

      HOTEL/MOTEL • 10,948 SF
      1801 Fares Ave, Evansville, IN 47711
      View Details
    • Value Estimation
      $395,000
      5,271 SF

      2221 Fares Ave

      HOTEL/MOTEL • 5,271 SF
      2221 Fares Ave, Evansville, IN 47711-3956
      View Details
    • Value Estimation
      $325,000
      1,254 SF

      3460 Manhattan Blvd

      HOTEL/MOTEL • 1,254 SF
      3460 Manhattan Blvd, Evansville, IN 47711-7909
      View Details

    Similar Nearby for Sale

    • $1,900,000

      Renovated Motel Near Regional Airport

      102-unit motel with recent renovations and rebranding potential.
      4201 Highway 41 N, Evansville, IN 47711
      View Details
    • $825,000
      3.20 Acres

      Evansville Industrial Warehouse - $825K

      Prime Evansville location, 25,801 SF warehouse, 3.2 acres.
      1250 Diamond Ave, Evansville, IN 47711
      View Details
    • $209,900
      0.29 Acres

      Evansville Industrial Building with Office

      Industrial building with office space on Evansville's East Side.
      2317 E Florida St, Evansville, IN 47711
      View Details
    • $89,900
      Pending

      Remodeled Office Condo For Sale

      Remodeled office condo with flexible layout and convenient location.
      3116 E Morgan Ave, Evansville, IN 47711
      View Details
    • $100,000
      2.14 Acres

      Evansville Residential Land Opportunity

      Large wooded lots available in a convenient, private location.
      349 Hesmer Rd, Evansville, IN 47711
      View Details
    • $275,000
      0 SF

      C-Store Development Opportunity

      Corner lot near university and medical complex.
      101 S Boeke Rd, Evansville, IN 47711
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      8,262 SF

      Retail Space Near Airport

      Customizable retail suites available near Evansville Regional Airport.
      4143 Highway 41 N, Evansville, IN 47711
      View Details
    • $600 /Mo
      1,110 SF

      Professional Office/Retail Space Available

      Office/retail complex near Rural King and Buehler’s Buy Low.
      2205 E Morgan Ave, Evansville, IN 47711
      View Details
    • $150,000
      4,329 SF

      Fenced Lot with Storage Building

      Fenced gravel lot with storage building for lease.
      600 N Heidelbach 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
    • Contact for pricing
      136,704 SF

      Diamond Ave Industrial Property

      136K SF Manufacturing/Warehouse
      955 Diamond 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
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    4201 Highway 41 N
    Evansville, IN 47711
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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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