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

    9749 Hedden Rd Evansville, IN 47725-8903

    • Industrial land
    • 3.44 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1006204
    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

    • Industrial land

    Property Details for 9749 Hedden Rd

    Lot size
    3.44 lot acres
    Property type
    Industrial land
    APN
    82-04-23-002-512.015-019
    APU
    820423002512015019

    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
    -87.5031
    Latitude
    38.0666
    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
    $1,640
    $75,000
    $0.00
    $75,000
    -
    $75,000
    $0.00
    $75,000

    Comparable in this City

    • Value Estimation by Request
      2.46 Acres

      8824 Kentucky Ave

      INDUSTRIAL - VACANT LAND • 2.46 Acres
      8824 Kentucky Ave, Evansville, IN 47725
      View Details
    • Value Estimation by Request
      1.40 Acres

      15815 Neeley St

      INDUSTRIAL - VACANT LAND • 1.40 Acres
      15815 Neeley St, Evansville, IN 47725-8420
      View Details
    • Value Estimation by Request
      1.58 Acres

      4501 Proficient Ct

      INDUSTRIAL - VACANT LAND • 1.58 Acres
      4501 Proficient Ct, Evansville, IN 47725-7653
      View Details
    • Value Estimation by Request
      1.31 Acres

      701 Rusher Ln

      INDUSTRIAL - VACANT LAND • 1.31 Acres
      701 Rusher Ln, Evansville, IN 47725-7842
      View Details
    • Value Estimation by Request
      1.06 Acres

      719 Castle Crk Ct

      INDUSTRIAL - VACANT LAND • 1.06 Acres
      719 Castle Crk Ct, Evansville, IN 47725-0003
      View Details
    • Value Estimation by Request
      2.57 Acres

      737 Baseline Rd

      INDUSTRIAL - VACANT LAND • 2.57 Acres
      737 Baseline Rd, Evansville, IN 47725-9355
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available For Mixed-Use Development

      Land available for sale or lease in mixed-use development.
      707 Castle Creek Dr, Evansville, IN 47725
      View Details
    • Contact for pricing

      Land Available For Mixed-Use Development

      Land available for sale or lease in mixed-use development.
      19720-19800 Castle Creek Dr, Evansville, IN 47725
      View Details
    • Contact for pricing

      Land Available For Sale/Lease

      Mixed-use development land for retail, manufacturing, and multifamily housing.
      19621 Castle Creek Dr, Evansville, IN 47725
      View Details
    • $775,250

      22 Acres Shovel-Ready Land

      22 acres of M-2 zoned land with utilities.
      15400 Highway 41 N, Evansville, IN 47725
      View Details
    • $385,000
      4 SF

      Evansville Industrial Land For Sale

      Prime industrial land in Evansville, ideal for manufacturing and distribution.
      In-57, Evansville, IN 47725
      View Details
    • $324,000
      27.00 Acres

      Evansville Residential Land - 27 Acres

      Prime 27-acre development site in Evansville, Indiana.
      0 Bnvl-New Harmony Rd, Evansville, IN 47725
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Mixed-use development land ideal for retail, industrial, and multifamily.
      701 Rusher Ln, Evansville, IN 47725
      View Details
    • Contact for pricing

      Land Available For Lease/Sale

      Mixed-use development land for retail, manufacturing, and multifamily housing.
      717 Rusher Ln, Evansville, IN 47725
      View Details
    • Contact for pricing
      73,476 SF

      Retail Space Near Schnucks Grocery

      Outlots available in a 73,476 SF shopping center.
      600 E Boonville New Harmony Rd, Evansville, IN 47725
      View Details
    • $11 SF/Yr
      8,736 SF

      Evansville Industrial Building with Storage

      Versatile industrial property with office, showroom, and secured outdoor storage.
      10105 Hedden Rd, Evansville, IN 47725
      View Details
    • Contact for pricing
      206,221 SF

      Evansville Industrial Build-to-Suit

      Prime I-69/I-64 location, customizable warehouse.
      5505 Foundation Dr, Evansville, IN 47725
      View Details
    • Contact for pricing
      617,500 SF

      Evansville Industrial Development Opportunity

      617,500 SF Manufacturing Facility, Rail Served
      5801 Ruston Ln, Evansville, IN 47725
      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.
    9749 Hedden Rd
    Evansville, IN 47725-8903
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.