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Property profile & analytics
OFF-MARKET
Banks
4905 University Dr Evansville, IN 47712-6587
Entity Owned
Absentee Owner
Free & Clear
Property ID
US31-1221286
Property summary
AI-generated overview
This exceptional Class A office building, situated on a 1.04-acre lot in Evansville, Indiana, presents a unique investment opportunity. Boasting 3,918 square feet of space, this single-story, 1990-built structure underwent a comprehensive renovation in 2018. The property features ample parking with 33 spaces and is conveniently located on University Drive, near major retailers such as AutoZone, CVS, Lowe's, Lucas Oil Center, and Walmart, as well as numerous restaurants. The building is zoned C-4 and includes one unit. HVAC systems consist of two original Trane units and a Carrier unit installed in 2020. The asking price is $750,000, translating to $191.42 per square foot. The property's address is 4905 University Dr, Evansville, IN 47712, and its parcel ID is 82-05-27-018-210.001-025. This vacant building offers significant potential for a variety of commercial uses. Its prime location and recent renovations make it an attractive prospect for investors seeking a strong return.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1990
Construction
TYPE NOT SPECIFIED
Total area
3,918 SF
Lot
1.04 ac (45,400 SF)
APN
82-05-27-018-210.001-025
UPID
US31-1221286
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
Evansville-vanderburgh County Publi
Evansville-vanderburgh County Publi
since 2026
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 Evansville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evansville 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
$19,675
Tax year 2023
Assessed value
$620,300
Assessed 2023
Previous assessed
$620,300
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$170,300
Assessed improvement
$450,000
Land market value
$170,300
Improvement market value
$450,000
Total market value
$620,300
Applied tax rate
10.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
3,918 SF
Lot
1.04 ac (45,400 SF)
APN
82-05-27-018-210.001-025
UPID
US31-1221286
Jurisdiction
VANDERBURGH
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
1990
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Evansville-vanderburgh County Publi
Entity
Free & Clear · 0 yrs held
Mailing address
4401 THEATER DR, EVANSVILLE, IN 47715-1967
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Feb 20, 2026
—
Evansville-vanderburgh County Publi
Liberty Federal Credit Union
Warranty 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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