955 E Diamond Ave Evansville, IN 47711
For Lease
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This exceptional 136,704-square-foot industrial property, situated on 6.95 acres in Vanderburgh County, presents a unique investment opportunity. Built in 1939 and renovated in 2000, the single-story building boasts a 18-foot ceiling height, ideal for various manufacturing and warehousing needs. The property features four loading docks with four dock-high doors, two drive-ins, and ample parking for 97 vehicles, divided between a north lot (63 spaces) and a west lot (34 spaces). Additional fenced outdoor space is available for lay-down yard or extra parking. The building is equipped with a robust power supply, including 480-volt, 3-phase power at multiple stations, and modern LED lighting. Interior features include a water filtration system, cooling tower, air compressor, two 80,000-pound silos, an air-conditioned server room, 22 offices, a conference room, and a cafeteria. The manufacturing area offers 20-foot column spacing, while the warehouse area provides 40-foot column spacing. A new roof was installed 4-6 years ago, and a security alarm system is in place. Racking may be included in the sale. The property is currently undergoing renovations and is zoned M-2.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.