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Property profile & analytics
FOR LEASE
Warehouses

955 E Diamond Ave Evansville, IN 47711

136,704 SF 6.19 ac lot Built 1939
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US31-1009911
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1939
Construction TYPE NOT SPECIFIED
Total area 136,704 SF
Lot 6.19 ac (269,638 SF)
APN 82-06-17-031-088.003-029
UPID US31-1009911
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.10M
Blend (final) Blend
$2.02M
Owner & transaction history
Diamond 955 LLC · 1 yrs held
Diamond 955 LLC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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