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Property profile & analytics
FOR LEASE
Office Spaces
501 N Main St Evansville, IN 47711
Entity Owned
~
Est. High Equity
Property ID
US31-1063482
For Lease
1 / 4
$1,730,000
501 N Main St, Evansville, IN 47711
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1965
Construction
TYPE NOT SPECIFIED
Total area
51,168 SF
Lot
0.53 ac (23,023 SF)
APN
82-06-30-020-034.002-029
UPID
US31-1063482
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
-
Evansville Bar Association and Foundation Charitable Organization Social Service Agency
-
Kahn, Dees, Donovan & Kahn, LLP Law Firm
-
Emergency Dentistry Evansville Dental Office
-
Pocket City Foundation Repair Experts Building Supply Factory
-
Boost Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.73M
Owner & transaction history
Kahn Dees Donovan & Kahn LLP
Kahn Dees Donovan & Kahn LLP
since 2025
7 recorded transactions
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,815,000
Current use
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$34 / SF
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
$45,766
Tax year 2023
Assessed value
$1,323,300
Assessed 2023
Previous assessed
$1,323,300
+0.0% YoY
Effective rate
3.46%
On assessed value
Assessed land
$207,200
Assessed improvement
$1,116,100
Land market value
$207,200
Improvement market value
$1,116,100
Total market value
$1,323,300
Applied tax rate
29.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1965
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Total area
51,168 SF
Lot
0.53 ac (23,023 SF)
APN
82-06-30-020-034.002-029
UPID
US31-1063482
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Lot
0.53 ac
Current owner
From public records · entity-resolved
Kahn Dees Donovan & Kahn LLP
Entity
Mailing address
955 S HEBRON AVE STE A, EVANSVILLE, IN 47714-4085
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
Kahn Dees Donovan & Kahn LLP
501 Main Investment LLC
Deed
—
Jun 12, 2025
—
501 Main Investment LLC
The Holweger Management Partnership
Special Warranty Deed
$2,320,500 · First Financial Bank NA
Aug 8, 2024
—
Riverwind Properties LLC
Spurling Development LLC
Warranty Deed
—
Dec 5, 2019
—
Holweger Management Partnership
—
Deed
related
$200,000 · Field & Main Bank
Aug 7, 2019
—
Holweger Management Partnership LP
—
Deed
related
$1,850,000 · Field & Main Bank
Jun 1, 2017
—
Holweger Management Partnership LP
—
Deed
related
$100,000 · Field & Main Bank
Aug 12, 2016
—
Holweger Mgmt Partnership LP
—
Deed
related
$255,000 · Field & Main Bank INC
Mar 17, 2005
—
Holweger Management Partnership LP
Edward E Curtis III
Warranty Deed
$3,060,000 · First Fsb
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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