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

    810 Green River Rd Evansville, IN 47715

    • Hotels
    • 2,732 SF
    • 1.06 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0429724
    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

    • Hotels

    Property Details for 810 Green River Rd

    Year built
    1983
    Construction
    WOOD
    Lot size
    1.06 lot acres
    Property size
    2,732 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    82-06-25-014-219.005-027
    APU
    820625014219005027

    Description

    This exceptional opportunity presents a 2,724 square foot build-to-suit space ideally situated at 810 S Green River Rd, Evansville, IN 47715, near Washington Ave. The property, classified as Class B, boasts a single tenancy and is entirely vacant, offering complete customization for your quick-service restaurant concept. Built in 1983, the building sits on a lot with APN 82-06-25-014-219.005-027 and is zoned C-4, ensuring flexibility for your business needs. Evansville, the largest city in Southern Indiana, serves as a regional economic hub, home to three NYSE companies and a thriving population exceeding 911,000 within the tri-state area. The city's robust economy is complemented by attractions such as the Tropicana Evansville casino and the Mesker Park Zoo, along with several universities. Its strategic location, less than 200 miles from four major US cities (Indianapolis, Nashville, Louisville, and St. Louis), provides excellent access to a vast consumer base. This build-to-suit opportunity allows for a tailored design to perfectly match your brand's vision and operational requirements, making it an unparalleled investment in a dynamic and growing market. Don't miss this chance to establish your presence in a prime Evansville location.

    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
    -87.4922
    Latitude
    37.9657
    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
    $6,743
    $115,400
    $97,200
    $212,600
    -
    $115,400
    $97,200
    $212,600

    Comparable in this City

    • Value Estimation
      $795,000
      71,499 SF

      8105 Walnut St

      HOTEL/MOTEL • 71,499 SF
      8105 Walnut St, Evansville, IN 47715-8261
      View Details
    • Value Estimation by Request
      3,051 SF

      7900 Cir Frnt Ct

      HOTEL/MOTEL • 3,051 SF
      7900 Cir Frnt Ct, Evansville, IN 47715-4040
      View Details
    • Value Estimation by Request
      4,165 SF

      4041 Cullen Ave

      HOTEL/MOTEL • 4,165 SF
      4041 Cullen Ave, Evansville, IN 47715-1399
      View Details
    • Value Estimation by Request
      5,005 SF

      2601 Grn Riv Rd

      HOTEL/MOTEL • 5,005 SF
      2601 Grn Riv Rd, Evansville, IN 47715-1409
      View Details
    • Value Estimation by Request
      3,552 SF

      600 Normandy Dr

      HOTEL/MOTEL • 3,552 SF
      600 Normandy Dr, Evansville, IN 47715-2631
      View Details
    • Value Estimation by Request
      3,561 SF

      4201 Grn Riv Rd

      HOTEL/MOTEL • 3,561 SF
      4201 Grn Riv Rd, Evansville, IN 47715-2471
      View Details

    Similar Nearby for Sale

    • $842,000
      1.38 Acres

      Evansville Commercial Land - $842,000

      Costco Outlot, 1.38 Acres
      0 The Promenade - Section 4, Evansville, IN 47715
      View Details
    • $169,000
      1.08 Acres

      Metro Center East Lot: Prime 1 Acre

      Evansville commercial/industrial land, ready to build.
      601 Metro Ave, Evansville, IN 47715
      View Details
    • $131,262
      0.48 Acres

      Evansville Commercial Land - $131,262

      Prime Commercial Land: Retail, Restaurant Ready
      5017 Theater Dr, Evansville, IN 47715
      View Details
    • $525,000

      Evansville Commercial Land - $525,000

      Prime C-2 Zoned Corner Lot in Evansville
      4019 Green River Rd, Evansville, IN 47715
      View Details
    • $4,100,000
      42.31 Acres

      Evansville Industrial Land - $4.1M

      42-acre commercial/industrial land, high traffic.
      7800 Morgan Ave, Evansville, IN 47715
      View Details
    • $189,000
      1.44 Acres

      Prime Evansville Commercial Land

      1.44-acre commercial lot, ideal location.
      337 Kimber Ln, Evansville, IN 47715
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      55,000 SF

      Eastwood Plaza Retail Space Available

      Evansville Retail Center, 2,600 sq ft.
      1731 Green River Rd, Evansville, IN 47715
      View Details
    • $4 SF/Yr
      100,063 SF

      800 Green River Rd

      Restaurants
      800 Green River Rd, Evansville, IN 47715
      View Details
    • $10 SF/Yr
      23,865 SF

      Evansville Retail Center - Prime Location

      High-traffic retail space, multiple suites available.
      8601 Kentucky Ave, Evansville, IN 47715
      View Details
    • $7 SF/Yr
      8,000 SF

      Eastside Building with Renovation Potential

      8,000 SF building available for lease or sale.
      5000 E Plaza East Blvd, Evansville, IN 47715
      View Details
    • $17 SF/Yr
      17,000 SF

      Class A Office Space Available

      High visibility office space with excellent amenities and access.
      7140 Office Cir, Evansville, IN 47715
      View Details
    • $2,400 /Mo
      1,820 SF

      Evansville Office Space For Rent

      Office space available for rent in a convenient Evansville location.
      5010 Davis Lant Dr, Evansville, IN 47715
      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.
    810 Green River Rd
    Evansville, IN 47715
    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.