Three-Building Flex
New
For Sale
$735,000
123 E Maple Street, Jeffersonville, IN 47130
Commercial, Jeffersonville, IN
Property Size8,352 SF
Price / SF$88
Days on Market2
Property Features for 123 E Maple Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
I-65 to 10th Street Jeffersonville (Exit 1). Turn right on Spring Street head toward the river. In Downtown, turn left on Maple Street and property is on the left before Wall Street.
Standard status
Active
APN
101900100616000010
Size
8,352 SF
Taxes and HOA fees
Tax Year
4051
Tax Description
LOT 230 (parcel 1 - Maple St) PT LOT 231 BLK 29 (parcel 2 - Wall St)
Tax Annual Amount
5799
Legal Description
LOT 230 (parcel 1 - Maple St) PT LOT 231 BLK 29 (parcel 2 - Wall St)
Building Details
Year built
1960
Listing Agency:
RE/MAX FIRST-Commercial Group · RE/MAX International
(812) 283-4778
Listed By:
Mike Kopp · License #RB14037481
(812) 283-4778
Added: Aug 21
Last Checked: Aug 22 at 5:06PM
MLS# 2026011111
Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property comprises three buildings on two parcels with approximately 8,352 square feet total. The improvements include a street-facing retail building plus two metal warehouse structures. The warehouses feature high ceilings, small man doors, overhead doors, and ample electrical service. The buildings are currently interconnected but may be separated for different operating arrangements.
The first building fronts Maple Street, while the third warehouse includes a Wall Street side that could support division into smaller retail spaces. The second building measures approximately 1,200 square feet, and the third measures approximately 4,000 square feet. Space behind the retail building may accommodate outdoor seating, while the warehouse layouts offer additional flexibility for creative, food-and-beverage, or production-oriented concepts described in the property information.
The first building fronts Maple Street, while the third warehouse includes a Wall Street side that could support division into smaller retail spaces. The second building measures approximately 1,200 square feet, and the third measures approximately 4,000 square feet. Space behind the retail building may accommodate outdoor seating, while the warehouse layouts offer additional flexibility for creative, food-and-beverage, or production-oriented concepts described in the property information.
Key Highlights
- Three buildings on 2 parcels with approximately 8,352 sf total
- Building #1 fronts Maple Street
- Building #2 is approximately 1,200 sf
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,626
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$812,520
$812.5K
Cap Rate 7%
$580,371
$580.4K
Cap Rate 9%
$451,400
$451.4K
Market Conditions
NOI Build-Up for 8,352 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.4K $6.16/SF
− Vacancy
−$3.7K −$0.44/SF
EGI
$47.8K $5.72/SF
− OpEx
−$7.2K −$0.86/SF
NOI
$40.6K $4.86/SF
Area
Clark County, IN
Vacancy
7.10%
Lease Rate
$6.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$812,520
Cap Rate 7%
$580,371
Cap Rate 9%
$451,400
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,815 @ 7.0% cap · market cap 13.72%
Second Best
Flex RnD
$1.04M
$910.7K – $1.21M
NOI $72,859 @ 7.0% cap · market cap 9.91%
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,980 @ 7.0% cap · market cap 23.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47130, IN
48,481
Population
22,602
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
1,430
Density / Sq Mi
$68,412
Median Household Income
$40,941
Median Earnings
$1,090
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building commercial layout with warehouse space, overhead doors, and adaptable interior configurations.
Where is this flex space located?
The property is located at 123 E Maple Street Jeffersonville, IN.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Three buildings on 2 parcels with approximately 8,352 sf total; Building #1 fronts Maple Street; Building #2 is approximately 1,200 sf
