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Property profile & analytics
FOR LEASE
Strip malls
8601 N Kentucky Ave Evansville, IN 47725
Entity Owned
Absentee Owner
Free & Clear
Property ID
US31-0802816
For Lease
1 / 29
$10 SF/Yr
8601 N Kentucky Ave, Evansville, IN 47725
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Property summary
AI-generated overview
This exceptional retail property, located at 8601 N. Kentucky Avenue in Evansville, Indiana, presents a unique investment opportunity. The single-story, 23,865 square foot strip center sits on a 2.5-acre lot and was built in 1994. Currently, there are two suites, with 8,191 square feet of vacant space available for lease. Flexible space options range from a minimum of 1,737 square feet to a maximum contiguous space of 4,717 square feet, catering to a variety of business needs. The property boasts a highly desirable location on Evansville's North Side, enjoying excellent visibility and accessibility. Its strategic placement near prominent businesses such as NorthWinds Church, MidWest Skin Institute, Bob's Gym, Deaconess, Iwataya Japanese Restaurant, and Johnson Controls ensures high foot traffic and strong potential for tenant success. The property is zoned M-2 and features the APN 82-04-28-002-660.014-019. This prime retail space offers an unparalleled chance to establish or expand your business in a thriving commercial area of Vanderburgh County, Indiana, with easy access via the cross street, E Mount Pleasant Road, and zip code 47715.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
23,865 SF
Lot
2.55 ac (111,122 SF)
APN
82-04-28-002-660.014-019
UPID
US31-0802816
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
-
Mrs Tiffi's Child Care Daycare Center Foster Care Service
-
Amber Nicole Arnold - Aflac Insurance Agent Insurance Agency
-
Aflac Insurance Agency
-
Edward Jones - Financial Advisor: Don Patton Jr, AAMS® Financial Advisor
-
St Marys Family Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$515k
Owner & transaction history
WWRT INC
WWRT INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Current use
WAREHOUSE, STORAGE
$780,000
Change: -1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$750,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$22 / 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
$20,688
Tax year 2023
Assessed value
$946,000
Assessed 2023
Previous assessed
$946,000
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$211,100
Assessed improvement
$734,900
Land market value
$211,100
Improvement market value
$734,900
Total market value
$946,000
Applied tax rate
2.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
10
Total area
23,865 SF
Lot
2.55 ac (111,122 SF)
APN
82-04-28-002-660.014-019
UPID
US31-0802816
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$780,000
INDUSTRIAL (GENERAL)
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1
Units
10
Lot
2.55 ac
Current owner
From public records · entity-resolved
WWRT INC
Entity
Free & Clear · 0 yrs held
Mailing address
10135 BROWNING RD, EVANSVILLE, IN 47725-9014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
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