Corner Mixed-Use
For Sale
$374,500
1302 E 10th Street, Jeffersonville, IN 47130
Commercial Sale, Jeffersonville, IN
Property Size3,272 SF
Lot Size0.22 Acres
Price / SF$114.46
Days on Market47
Property Features for 1302 E 10th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CN
Elementary school district
Greater Clark County Schools
Middle school district
Greater Clark County Schools
High school district
Greater Clark County Schools
Directions
GPS Friendly
Subdivision
1011 - Clark - Jeffersonville
Standard status
Active
APN
102000200576000010
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Cherry Hill Subd Lot 1 Blk 5--0.105 Ac & CHERRY HILL SUBD LOT 2 BLK 5 50X107' 7' FRONTAGE
Legal Description
Cherry Hill Subd Lot 1 Blk 5--0.105 Ac & CHERRY HILL SUBD LOT 2 BLK 5 50X107' 7' FRONTAGE
Building Details
Year built
1940
Floors in Building
2
Roof type
Shingle
Listing Agency:
eXp Realty, LLC
(888) 611-3912
Listed By:
Leslie Williams · License #RB14041305
(888) 611-3912
Added: Jul 16
Changed: Aug 28
Last Checked: Aug 31 at 7:06PM
MLS# 22114670
Copyright © 2026 Broker Listing Cooperative®. 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 CN-zoned mixed-use property contains 3,272 square feet across two separate buildings joined by an enclosed hall. The layout includes 5 bedrooms/offices, 3 bathrooms, living and family/conference rooms, front, rear, and side entrances, and basement areas with thick concrete walls. One basement has an exterior entrance. Interior details include hardwood flooring, wood trim and doors, arched doorways, built-in cabinetry, and a wood stair banister. A fireplace with tile surround serves the family or conference room, while two bathrooms feature vintage tile.
The 0.22-acre property occupies a corner lot with parking for up to 8 vehicles. Its Commercial Neighborhood zoning supports the documented commercial-residential configuration, including live-work, residential, multifamily, and short-term rental possibilities. The property is near Quadrangle and Youngstown Shopping Center, with access to I-65, I-265, and bridge connections.
The 0.22-acre property occupies a corner lot with parking for up to 8 vehicles. Its Commercial Neighborhood zoning supports the documented commercial-residential configuration, including live-work, residential, multifamily, and short-term rental possibilities. The property is near Quadrangle and Youngstown Shopping Center, with access to I-65, I-265, and bridge connections.
Key Highlights
- 3,272 sq ft across two buildings connected by an enclosed hall
- 5 bedrooms/offices and 3 bathrooms
- 0.22‑acre corner lot with parking for up to 8 vehicles
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
$30,976
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
8.27%
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%
$619,520
$619.5K
Cap Rate 7%
$442,514
$442.5K
Cap Rate 9%
$344,178
$344.2K
Market Conditions
NOI Build-Up for 3,272 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
$53.0K $16.20/SF
− Vacancy
−$3.4K −$1.05/SF
EGI
$49.6K $15.15/SF
− OpEx
−$18.6K −$5.68/SF
NOI
$31.0K $9.47/SF
Area
Clark County, IN
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
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%
$619,520
Cap Rate 7%
$442,514
Cap Rate 9%
$344,178
Alternative Uses
Best Use
Office B
$713.5K
$624.3K – $832.4K
NOI $49,944 @ 7.0% cap · market cap 13.34%
Second Best
Apartment 5plus
$492.7K
$431.1K – $574.8K
NOI $34,489 @ 7.0% cap · market cap 9.21%
Theoretical Best
Office A
$951.3K
$832.4K – $1.11M
NOI $66,592 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
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 Office 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?
Mixed-use property - CN-zoned property with connected buildings, multiple entrances, and adaptable commercial or residential configuration.
Where is this mixed-use property located?
The property is located at 1302 E 10th Street Jeffersonville, IN.
What is the asking price?
The asking price for this property is $374,500.
What are key features of this property?
This property features: 3,272 sq ft across two buildings connected by an enclosed hall; 5 bedrooms/offices and 3 bathrooms; 0.22‑acre corner lot with parking for up to 8 vehicles
