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Property profile & analytics
OFF-MARKET Estimated value $1,070,000
Office Spaces

4929 Riverwind Pointe Dr Evansville, IN 47715-6753

21,152 SF 1.5 ac lot Built 2000
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US31-1022355
Property summary
AI-generated overview

This exceptional three-story, Class B office building, totaling 21,152 square feet, presents a unique investment opportunity in Evansville, Indiana. Located at 4929 River Wind Pointe Dr, 47715, this property boasts a prime location at the first exit east of the new I-69 bridge (construction anticipated 2024-2026), offering unparalleled visibility and accessibility from I-69 and Green River Road. Built in 2001, the building is zoned C-4 and sits on a 1.497-acre lot, providing ample space and parking for up to 60 vehicles. The impressive lobby features elevator access, and the interior is ideally suited for various uses, including corporate headquarters, classrooms, or medical offices. The asking price is $2,600,000, translating to $122.92 per square foot. This owner/user opportunity is further enhanced by the possibility of purchasing the entire Riverwind Pointe Subdivision, including all lots, for a combined price of $3.6 million. The building's multi-tenant configuration and strategic location make it an attractive investment for both businesses and investors seeking a high-profile presence in a rapidly developing area of Evansville. The building's brick exterior adds to its professional and appealing aesthetic.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2000
Construction WOOD
Total area 21,152 SF
Lot 1.5 ac (65,250 SF)
APN 82-09-01-005-181.003-026
UPID US31-1022355
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
Current use
Occupant on record · Public records
  • New Journeys Counseling Psychotherapist Counselor
  • Michael Ward, PLS US Surveyor Surveyor
  • Jennifer Harwood, LCSW, LCAC Emdr Psychotherapist Life Coach
  • The World Association of Sand Therapy Professionals Association Or Organization
  • Micro Concepts IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$1.07M
Owner & transaction history
Green River Investments LLP · 5 yrs held
Green River Investments LLP
since 2020
2 recorded transactions
2020
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.6M +35.1%
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