Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    750 Lincoln Ave Evansville, IN 47713-2374

    • Theaters & concert halls
    • 5,750 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0928478
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • McFarland Baptist Church / Baptist Church

    Property Details for 750 Lincoln Ave

    Year built
    1945
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.30 lot acres
    Property size
    5,750 SF
    Property type
    Theaters & concert halls
    APN
    82-06-29-024-038.015-029
    APU
    820629024038015029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5536
    Latitude
    37.9704
    CBSA code
    21780
    CBSA name
    EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $22,700
    $124,500
    $147,200
    -
    $22,700
    $124,500
    $147,200

    Comparable in this City

    • Value Estimation
      $850,000
      28,443 SF

      619 Canal St

      THEATER (MOVIE) • 28,443 SF
      619 Canal St, Evansville, IN 47713
      View Details
    • Value Estimation by Request
      3,462 SF

      411 Taylor Ave

      THEATER (MOVIE) • 3,462 SF
      411 Taylor Ave, Evansville, IN 47713-2171
      View Details
    • Value Estimation by Request
      24,534 SF

      1800 Governor St

      THEATER (MOVIE) • 24,534 SF
      1800 Governor St, Evansville, IN 47713-2040
      View Details
    • Value Estimation by Request
      1,330 SF

      418 Morton Ave

      THEATER (MOVIE) • 1,330 SF
      418 Morton Ave, Evansville, IN 47713-2452
      View Details
    • Value Estimation by Request
      16,696 SF

      216 3rd St

      THEATER (MOVIE) • 16,696 SF
      216 3rd St, Evansville, IN 47713-1235
      View Details
    • Value Estimation by Request
      4,032 SF

      801 Garvin St

      THEATER (MOVIE) • 4,032 SF
      801 Garvin St, Evansville, IN 47713-1608
      View Details

    Similar Nearby for Sale

    • $985,000
      20,855 SF

      Neubling Ave. Warehouse Investment

      Evansville, IN industrial multi-tenant property
      962 Neubling Ave, Evansville, IN 47713
      View Details
    • $958,000

      Prime Evansville Commercial Land

      57,148 SF C-4 & C-2 zoned lot
      0 The Promenade, Evansville, IN 47713
      View Details
    • $985,000
      20,855 SF

      Income Producing Warehouse For Sale

      20,855 SF warehouse/distribution space with three leased units.
      962 Neubling Ave, Evansville, IN 47713
      View Details
    • $436,000

      Evansville Land Parcel For Sale

      8.72 acre site zoned PUD, C-2 & R-1.
      5925 Covert Ave, Evansville, IN 47713
      View Details
    • $87,500
      1,910 SF

      Renovated Evansville Investment Property

      Recently renovated investment property with long-term tenants and immediate cash flow.
      1211 S Grand Ave, Evansville, IN 47713
      View Details
    • $160,000
      1,460 SF

      Evansville Triplex: Investor Opportunity

      Triplex with three apartments, separate entrances, and ample parking.
      515 Washington Ave, Evansville, IN 47713
      View Details

    Similar Nearby for Lease

    • $239 SF/Yr
      40,000 SF

      Prime Evansville Office Suite

      240 sq ft, ADA Accessible, Walnut Center
      815 John St, Evansville, IN 47713
      View Details
    • $15 SF/Yr
      130,549 SF

      Prime Evansville Office Space

      Class A Office, Multiple Suites Available
      300 Walnut St, Evansville, IN 47713
      View Details
    • $15 SF/Yr
      5,460 SF

      Remodeled Class A Office Space

      Centrally located, move-in ready office space with modern amenities.
      300 E Walnut St, Evansville, IN 47713
      View Details
    • $12 SF/Yr
      7,530 SF

      Prime Evansville Executive Suites

      Modern offices, flexible space, ideal location.
      711 John St, Evansville, IN 47713
      View Details
    • $12 SF/Yr
      16,654 SF

      Evansville Office Space For Lease

      Professional office spaces with exclusive entrances, ranging from 1,800-16,654 SF.
      711 John St, Evansville, IN 47713
      View Details
    • $269 SF/Yr
      40,000 SF

      Prime Executive Office Suite

      Walnut Center, Lloyd Expressway Frontage
      815 John St, Evansville, IN 47713
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    750 Lincoln Ave
    Evansville, IN 47713-2374
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.