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Property profile & analytics
FOR LEASE
Office Spaces

5101 Vogel Rd Evansville, IN 47715

103,226 SF 10.64 ac lot Built 1986
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US31-0824111
Property summary
AI-generated overview

This exceptional Class A commercial property, located at 5101 Vogel Rd in Evansville, Indiana, presents a unique investment opportunity. The single-story, 102,517 square foot building sits on 10.64 acres of land and boasts 711 parking spaces. Built in 1986 and extensively renovated in 2007, the property is zoned C-4 and features a flexible layout suitable for a variety of uses. Currently, there are 45,077 square feet of vacant space available for lease within this multi-tenant building, which previously housed an AT&T call center and a Sam's Club. The expansive layout includes a large open area, numerous private offices, dedicated meeting rooms, training rooms, and a cafe with both indoor and outdoor seating areas. The property's prime location in Vanderburgh County (APN: 82-06-24-014-140.002-027) offers excellent access and visibility, making it ideal for office, call center, retail, or other commercial ventures. The building consists of two suites in total. This property represents a rare opportunity to acquire a substantial, well-maintained commercial space in a thriving Indiana market. Inquire for lease rates and scheduling a viewing.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1986
Construction TYPE NOT SPECIFIED
Total area 103,226 SF
Lot 10.64 ac (463,522 SF)
APN 82-06-24-014-140.002-027
UPID US31-0824111
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
$8.13M
Blend (final) Blend
$8.25M
Owner & transaction history
Property Investors LLC
Property Investors LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $7.7M +35.1%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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