Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    955 E Diamond Ave Evansville, IN 47711
    Back to Search
    Property profile & analytics

    955 E Diamond Ave, Evansville, IN 47711

    View on Map
    • Warehouses
    • 136,704 SF
    • 6.19 lot acres
    For Lease
    $5 SF/Yr
    View Listing →
    Evansville Manufacturing and Warehouse Space For Lease
    $5 SF/Yr

    Evansville Manufacturing and Warehouse Space

    Manufacturing and warehouse facility with ample parking and recent upgrades.

    955 E Diamond Ave, Evansville, IN 47711
    View Listing
    Property ID
    US31-1009911
    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

    • Warehouses

    Property Details for 955 E Diamond Ave

    Year built
    1939
    Construction
    TYPE NOT SPECIFIED
    Lot size
    6.19 lot acres
    Property type
    Warehouses
    APN
    82-06-17-031-088.003-029
    APU
    820617031088003029

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,100,000
      Market price range: $2.07M - $6.82M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5477
    Latitude
    37.9975
    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
    $41,779
    $214,700
    $1,102,500
    $1,317,200
    -
    $214,700
    $1,102,500
    $1,317,200

    Comparable in this City

    • Value Estimation by Request
      144 SF

      710 Diamond Ave, Unit 726

      STORAGE YARD, OPEN STORAGE
      710 Diamond Ave, Evansville, IN 47711-3418
      View Details
    • Value Estimation by Request
      41,850 SF

      2401 William L Brooks Dr

      Distribution properties
      2401 William L Brooks Dr, Evansville, IN 47711
      View Details
    • Value Estimation by Request
      5,044 SF

      817 Fares Ave

      STORAGE YARD, OPEN STORAGE
      817 Fares Ave, Evansville, IN 47711-5231
      View Details
    • Value Estimation
      $745,000
      48,208 SF

      911 Franklin St, Unit 919

      WAREHOUSE, STORAGE
      911 Franklin St, Evansville, IN 47711-5656
      View Details
    • Value Estimation
      $8,065,000
      456,941 SF

      820 Columbia St

      WAREHOUSE, STORAGE
      820 Columbia St, Evansville, IN 47711-5146
      View Details
    • Value Estimation
      $6,635,000
      375,866 SF

      817 Maxwell Ave

      WAREHOUSE, STORAGE
      817 Maxwell Ave, Evansville, IN 47711-3847
      View Details

    Similar Nearby for Sale

    • $200,000

      Evansville Commercial Property For Sale

      2,400 SF commercial property zoned C-4 in Evansville, Indiana.
      1744 Bellaire Ave, Evansville, IN 47711
      View Details
    • Contact for pricing
      1,380 SF

      Versatile Commercial Building for Sale

      Contractor shop, resale shop, or storage potential.
      1005 N Governor St, Evansville, IN 47711
      View Details
    • Contact for pricing
      20,472 SF

      Dual-Building Commercial Property For Lease

      Commercial property with showroom, warehouse, manufacturing & office space.
      1150 Maxwell Ave, Evansville, IN 47711
      View Details
    • Contact for pricing
      8,010 SF

      Versatile Fenced Facility For Sale

      Multi-use commercial building with ample power and secure fencing.
      1133-1151 E Virginia St, Evansville, IN 47711
      View Details
    • Contact for pricing
      22,500 SF

      Industrial Building with Outdoor Storage

      22,500 SF industrial building with outdoor storage available.
      2501 Lynch Rd, Evansville, IN 47711
      View Details
    • 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

    Similar Nearby for Lease

    • Contact for pricing
      135,930 SF

      Evansville Manufacturing and Warehouse Facility

      Large industrial space with manufacturing, warehouse, and office areas.
      955 E Diamond Ave, Evansville, IN 47711
      View Details
    • $7 SF/Yr

      Proposed Industrial Building For Lease

      Proposed industrial building with warehousing space in a central location.
      2018 Maxwell Ave, Evansville, IN 47711
      View Details
    • Contact for pricing
      100,000 SF

      Evansville Industrial Building For Sale

      Multi-tenant industrial building in the heart of Evansville.
      820 Columbia St, Evansville, IN 47711
      View Details
    • Contact for pricing
      6,720 SF

      Evansville Warehouse Space Available

      6,720 SF warehouse space for lease in Evansville, Indiana.
      1700 Bartlett Ave, Evansville, IN 47711
      View Details
    • Contact for pricing
      66,333 SF

      Evansville Warehouse Space Available

      141,333 SF warehouse space for lease in Evansville.
      1700 Lynch Rd, Evansville, IN 47711
      View Details
    • $7 SF/Yr

      Proposed Industrial Building For Lease

      Proposed industrial building offering warehousing space in a central location.
      2018 Maxwell Ave, Evansville, IN 47711
      View Details
    View Listing
    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.
    955 E Diamond Ave
    Evansville, IN 47711
    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
    955 E Diamond Ave, 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!