5101 Vogel RdEvansville, IN 47715

Property Details for 5101 Vogel Rd

Year built

1986

Construction

TYPE NOT SPECIFIED

Lot size

10.64 AC

Property size (Sq ft)

103,226 SF

Property type

Office properties

Property subtype

Other office properties

APN

82-06-24-014-140.002-027

APU

820624014140002027

Description

This exceptional Class A commercial property, located at 5101 Vogel Rd in Evansville, Indiana, presents a unique investment opportunity. The single-story, 102,517 square foot building sits on 10.64 acres of land and boasts 711 parking spaces. Built in 1986 and extensively renovated in 2007, the property is zoned C-4 and features a flexible layout suitable for a variety of uses. Currently, there are 45,077 square feet of vacant space available for lease within this multi-tenant building, which previously housed an AT&T call center and a Sam's Club. The expansive layout includes a large open area, numerous private offices, dedicated meeting rooms, training rooms, and a cafe with both indoor and outdoor seating areas. The property's prime location in Vanderburgh County (APN: 82-06-24-014-140.002-027) offers excellent access and visibility, making it ideal for office, call center, retail, or other commercial ventures. The building consists of two suites in total. This property represents a rare opportunity to acquire a substantial, well-maintained commercial space in a thriving Indiana market. Inquire for lease rates and scheduling a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $17,832,506

  6.5%

  $16,460,774

  7%

  $15,285,004

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,885,694

  Geo Method

  $8,885,694

• Alternative Use

  Use

  Valuation

  Residential

  $20,411,360

  Hospitality

  $18,696,696

  Educational

  $15,555,431

  Medical

  $16,090,407

  Retail

  $24,197,338

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9867

Longitude

-87.4891

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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