Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    804 Governor St Evansville, IN 47711-5064
    Back to Search
    Property profile & analytics

    804 Governor St, Evansville, IN 47711-5064

    View on Map
    • Specialty properties
    • 1,248 SF
    • 0.04 lot acres
    Off-Market
    Property ID
    US31-1275334
    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

    • Specialty properties

    Property Details for 804 Governor St

    Year built
    1919
    Construction
    WOOD FRAME
    Lot size
    0.04 lot acres
    Property type
    Specialty properties
    APN
    82-06-20-025-065.008-029
    APU
    820620025065008029

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 2, 2017 — Evansville Land Bank Corp Evansville Brownfields Corp Quit Claim Deed · related —
    Aug 15, 2016 — Evansville Brownfields Corp Evansville City Quit Claim Deed · related —
    Jun 23, 2016 $1,931 Board Of Commissioners Vanderburgh County Auditor Sheriffs Deed · related —
    Sep 15, 2014 — Cindy Lewis Wholesale Lots LLC Quit Claim Deed · related —
    Aug 22, 2014 — Cindy Lewis Wholesale Lots LLC Quit Claim Deed · related —
    Feb 25, 2011 — Vanderburgh County Board Of Commiss Auditor Of Vanderburgh County Correction Deed · related —
    Feb 9, 2011 $4,513 Vanderburgh County Board Of Commiss State Of Indiana Public Action · related —

    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
    -87.5591
    Latitude
    37.985
    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
    $3,700
    $0.00
    $3,700
    -
    $3,700
    $0.00
    $3,700

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      240 Fernwood Dr

      CHARITABLE ORGANIZATION
      240 Fernwood Dr, Evansville, IN 47711-3101
      View Details
    • Value Estimation by Request
      2,656 SF

      409 Delaware St

      CHARITABLE ORGANIZATION
      409 Delaware St, Evansville, IN 47711-6105
      View Details
    • Value Estimation by Request
      1,248 SF

      806 Governor St

      CHARITABLE ORGANIZATION
      806 Governor St, Evansville, IN 47711-5064
      View Details
    • Value Estimation by Request
      10,171 SF

      738 Diamond Ave

      FUNERAL HOME
      738 Diamond Ave, Evansville, IN 47711-3418
      View Details
    • Value Estimation by Request
      0.04 Acres

      306 Columbia St, Unit 312

      CHARITABLE ORGANIZATION
      306 Columbia St, Evansville, IN 47711-5050
      View Details
    • Value Estimation by Request
      0.07 Acres

      118 Florida St

      CHARITABLE ORGANIZATION
      118 Florida St, Evansville, IN 47711
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,684 SF

      Commercial Building in Jacobsville Project

      Commercial building in the heart of Jacobsville Revitalization Project.
      1317 N Main St, Evansville, IN 47711
      View Details
    • Contact for pricing

      Evansville Village MHP Investment Opportunity

      Manufactured housing community with 57 lots and growth potential.
      1900 N Willow Rd, Evansville, IN 47711
      View Details
    • $99,900

      Evansville Duplex: Investor Opportunity

      Duplex with classic charm, spacious layouts, and income potential.
      1114 W Illinois St, Evansville, IN 47711
      View Details
    • Contact for pricing
      5,200 SF

      Fenced Lot For Rent

      Large fenced lot available for rent.
      801 E Michigan St, Evansville, IN 47711
      View Details
    • Contact for pricing

      Evansville Land For Sale

      Land available for purchase in Evansville, Indiana.
      1501 Lynch Rd, Evansville, IN 47711
      View Details
    • Contact for pricing

      Evansville Office Space Opportunity

      Potential office space with existing structure or new construction.
      4004 Hitch And Peters Rd, Evansville, IN 47711
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Evansville Specialty Property For Rent

      30,000 SF specialty property available for lease in Evansville.
      2800 Lynch Rd, Evansville, IN 47711
      View Details
    • Contact for pricing
      2,042 SF

      Office Space with Kitchenette

      Office space featuring a kitchenette and private bathroom available for rent.
      1200 N Willow Rd, Evansville, IN 47711
      View Details
    • Contact for pricing

      Office Space in Business Complex

      Office space available for rent in a business complex.
      125 N Weinbach Ave, Evansville, IN 47711
      View Details
    • Contact for pricing
      98,752 SF

      Industrial Warehouses Available For Lease

      Two industrial warehouses available for lease, totaling 58,042 SF.
      816 E Louisiana St, Evansville, IN 47711
      View Details
    • Contact for pricing

      Land For Lease Near Highway

      Approximately 1.50 acres available for lease with utilities.
      3901 Us Highway 41, Evansville, IN 47711
      View Details
    • Contact for pricing
      9,600 SF

      9,600 SF Warehouse in Evansville

      Versatile 9,600 SF post-frame building for lease on Evansville’s north side.
      5812 Stringtown Rd, Evansville, IN 47711
      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.
    804 Governor St
    Evansville, IN 47711-5064
    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

    Thank You for Inquiry
    804 Governor St, Evansville, IN, 47711
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!