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    Property profile & analytics

    4209 Hwy 41st N Evansville, IN 47711-2889

    • Strip malls
    • 41,472 SF
    • 7.69 lot acres
    OFF-MARKET
    Value Estimation
    $1,305,000
    Last Sale
    Nov 22, 2021
    $1,270,000
    Location Intelligence
    Property ID
    US31-0008705
    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

    • Strip malls

    Property Details for 4209 Hwy 41st N

    Year built
    1999
    Construction
    TYPE NOT SPECIFIED
    Lot size
    7.69 lot acres
    Property size
    41,472 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    82-06-09-034-299.041-020
    APU
    820609034299041020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,340,000
      6.5%
      $1,275,000
      7%
      $1,260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,330,000
      Geo Method
      $1,510,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,345,000
      Retail
      $1,350,000
      Mixed-Use
      $1,235,000
      Hospitality
      $1,280,000
      Educational
      $1,545,000
      Residential Income
      $1,520,000
      Energy
      $1,300,000
      Income-Based Land
      $1,405,000
      Food Service
      $1,395,000

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5377
    Latitude
    38.0161
    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
    $48,204
    $438,700
    $1,279,500
    $1,718,200
    -
    $438,700
    $1,279,500
    $1,718,200

    Comparable in this City

    • Value Estimation by Request
      135,117 SF

      580 Diamond Ave

      SHOPPING CENTER, STRIP CENTER • 135,117 SF
      580 Diamond Ave, Evansville, IN 47711-3716
      View Details
    • Value Estimation
      $190,000
      8,414 SF

      417 Weinbach Ave Ste, Unit 201

      SHOPPING CENTER, STRIP CENTER • 8,414 SF
      417 Weinbach Ave Ste, Evansville, IN 47711-6083
      View Details
    • Value Estimation
      $430,000
      9,760 SF

      2018 Maxwell Ave

      SHOPPING CENTER, STRIP CENTER • 9,760 SF
      2018 Maxwell Ave, Evansville, IN 47711
      View Details
    • Value Estimation
      $400,000
      5,000 SF

      501 Main St, Unit 511

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      501 Main St, Evansville, IN 47711-5441
      View Details
    • Value Estimation
      $410,000
      14,045 SF

      2006 Morgan Ave

      SHOPPING CENTER, STRIP CENTER • 14,045 SF
      2006 Morgan Ave, Evansville, IN 47711-4310
      View Details
    • Value Estimation
      $325,000
      4,254 SF

      2520 Morgan Ave

      SHOPPING CENTER, STRIP CENTER • 4,254 SF
      2520 Morgan Ave, Evansville, IN 47711-4489
      View Details

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      Retail Space on Corner Lot

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    Similar Nearby for Lease

    • Contact for pricing

      Evansville Retail Space on Morgan

      Prime retail location in Evansville, Indiana with high visibility.
      2300 East Morgan Ave, Evansville, IN 47711
      View Details
    • $7 SF/Yr
      9,760 SF

      Evansville Retail Building Opportunity

      9,760 SF Office/Retail Space Available
      2018 Maxwell Ave, Evansville, IN 47711
      View Details
    • $6 SF/Yr
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      The Crossing: Evansville Office Suites

      Prime Evansville office space, multiple suites available.
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      View Details
    • $190 SF/Yr
      3,966 SF

      Evansville Creative Office Space

      Renovated 3,966 SF Office/Retail Space
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    • $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
    • $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
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    Evansville, IN 47711-2889
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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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