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Property profile & analytics
FOR LEASE
Office Spaces
610 E Walnut St Evansville, IN 47713
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-0704098
For Lease
1 / 2
$6,010,000
610 E Walnut St, Evansville, IN 47713
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
72,142 SF
Lot
5.45 ac (237,228 SF)
APN
82-06-29-024-029.001-029
UPID
US31-0704098
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
-
PHILIP G BROSHEARS Pediatrician Physician
-
LINDA LEIGH BRADY Physician
-
Visiting Care Plus Home Health Care Service Hospice
-
DANIEL HOLLAND Pediatrician Physician
-
DAVID E BROUGHER Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.16M
Blend (final)
Blend
$6.01M
Owner & transaction history
City Of Evansville · 3 yrs held
City Of Evansville
since 2022
Last sale
$11,650
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.4M
+35.1%
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)
$3,965,000
Current use
RETAIL STORES
$5,355,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$6.01M
Range $5.41M – $6.61M · ±10% · vs last sale $12k (Nov 4 2022)
Last sale anchor
$12k
Nov 4 2022
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
$83 / 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
$88,810
Tax year 2023
Assessed value
$3,566,800
Assessed 2023
Previous assessed
$3,566,800
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$415,200
Assessed improvement
$3,151,600
Land market value
$415,200
Improvement market value
$3,151,600
Total market value
$3,566,800
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
1994
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
72,142 SF
Lot
5.45 ac (237,228 SF)
APN
82-06-29-024-029.001-029
UPID
US31-0704098
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
$4.0M
RETAIL STORES
Est. value
$5.4M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1994
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
5.45 ac
Current owner
From public records · entity-resolved
City Of Evansville
Entity
Free & Clear · 3 yrs held
Mailing address
7240 CHASE OAKS BLVD, PLANO, TX 75025-5901
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
$11,650
City Of Evansville
Vga Leasing LP
Warranty Deed
—
Jun 16, 2021
$1,560,000
Vga Leasing LP
Visiting Nurse Assn Of Sothwest In
Special Warranty Deed
$1,729,000 · Texas Bank Financial
Nov 9, 2016
—
Visiting Nurse Assn
—
Deed
related
$1,300,000 · German American Capital Corp
May 9, 2016
—
Visting Nurse Assn
—
Deed
related
$1,500,000 · German American Capital Corp
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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