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    800 S Green River Rd Evansville, IN 47715
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    Property profile & analytics

    800 S Green River Rd, Evansville, IN 47715

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    • Super regional malls
    • 451,370 SF
    • 23.93 lot acres
    For Lease
    $4 SF/Yr
    View Listing →
    Commercial Property in Evansville, Indiana For Lease
    $4 SF/Yr

    Commercial Property in Evansville, Indiana

    Commercial property available for rent in Evansville, Indiana.

    800 S Green River Rd, Evansville, IN 47715
    View Listing
    Property ID
    US31-1181421
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Express Factory Outlet / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
    • OshKosh B'gosh / Clothing & Fashion Store
    • Torrid / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
    • Carter's / Clothing & Fashion Store
    • Lane Bryant / Clothing & Fashion Store

    Property Details for 800 S Green River Rd

    Year built
    1981
    Construction
    TYPE NOT SPECIFIED
    Lot size
    23.93 lot acres
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    82-06-23-017-106.015-027
    APU
    820623017106015027

    Description

    This exceptional retail opportunity is located within the prominent Eastland Mall in Evansville, Indiana. The property, identified by APN 82-06-23-017-106.015-027, is a single-story, mixed-use regional mall totaling 1,003,848 square feet. Currently, there is 80,188 square feet of vacant space available, offering flexible lease options ranging from a minimum of 670 square feet to a maximum contiguous space of 21,919 square feet. The property is zoned M-1, providing versatility for a range of retail uses. Its prime location at 800 N Green River Rd, Evansville, IN 47715, ensures high visibility and accessibility for customers. The address falls within Vanderburgh County. This is an excellent chance to establish or expand your business in a thriving retail environment with significant foot traffic. The available space is ready for immediate occupancy, making it an attractive option for businesses seeking a quick and efficient entry into the market. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.4951
    Latitude
    37.9841
    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
    $781,811
    $6,702,500
    $22,960,500
    $29,663,000
    -
    $6,702,500
    $22,960,500
    $29,663,000

    Comparable in this City

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      $1,075,000
      6.80 Acres

      5001 Washington Ave

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    • Value Estimation
      $1,720,000
      139,152 SF

      1250 Grn Riv Rd

      REGIONAL SHOPPING CENTER, MALL
      1250 Grn Riv Rd, Evansville, IN 47715-6806
      View Details
    • Value Estimation
      $3,800,000
      136,859 SF

      6716 Oak Grv Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      6716 Oak Grv Rd, Evansville, IN 47715-8231
      View Details
    • Value Estimation
      $995,000
      30,417 SF

      5300 Indiana St

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      5300 Indiana St, Evansville, IN 47715-2845
      View Details
    • Value Estimation
      $1,495,000
      103,405 SF

      300 Grn Riv Rd

      SHOPPING CENTER, STRIP CENTER
      300 Grn Riv Rd, Evansville, IN 47715-2408
      View Details
    • Value Estimation
      $1,050,000
      34,618 SF

      1021 Hirschland Rd

      SHOPPING CENTER, STRIP CENTER
      1021 Hirschland Rd, Evansville, IN 47715-8201
      View Details

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      Evansville Commercial Space For Sale

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      Evansville Retail Space Available

      Retail space available in Evansville, Indiana, totaling 28,050 square feet.
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    Similar Nearby for Lease

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      Retail/Office space available in an attractive strip center.
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      6,238 SF

      Retail Space in Evansville Corridor

      Retail space for rent in high-traffic Evansville location.
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      Evansville Retail Space For Lease

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      Retail Shopping Center For Rent

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      View Details
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    Evansville, IN 47715
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    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
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