Add Listing
    For Sale
    • 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

    L228 Upper River Road Jeffersonville, IN 47130

    View on Map
    For Sale
    $90,000

    LAND - Jeffersonville, IN

    Lot size:
    0.36 Acres
    Added:
    Feb 3, 2026
    Days on Market:
    57
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for L228 Upper River Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    104102700245000037
    Lot size
    0.36 Acres

    Taxes and HOA fees

    TaxYear
    4049
    TaxDescription
    LOT 228 Quarry Bluff Estates
    TaxAnnualAmount
    20

    Utilities

    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Matt Lincoln
    Matt Lincoln

    Listing agent Matt Lincoln License #RB14042235

    Listing office Schuler Bauer Real Estate Services ERA Powered (N 4206 Charlestown Road, # 200, New Albany, IN

    Listing date Feb 3, 2026

    MLS# 202605791

    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.

    Overview

    Residential Land in Quarry Bluff

    This 0.36-acre residential land is located in Quarry Bluff Estates in Jeffersonville, Indiana. The property is a building lot, specifically lot 228, situated on Upper River Road. It is intended for residential use. Prospective buyers can select their own builder. There is no Home Owners Association. Covenants and restrictions are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Gym & Fitness Center Department Store Garden Center Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jeffersonville
    County
    Clark
    State
    Indiana
    Longitude
    -85.6439545
    Latitude
    38.3525181

    Nearby Similar for Sale

    • $1,500,000

      Jeffersonville Land with Commercial Potential

      Centrally located land with commercial development potential in Jeffersonville, IN.
      2112 Hamburg Pike, Jeffersonville, IN 47130
      View Details
    • $1,500,000

      Jeffersonville Land with Commercial Potential

      Centrally located land with commercial development potential in Jeffersonville, IN.
      2112 Hamburg Pike, Jeffersonville, IN 47130
      View Details
    • $360,000

      Ohio River Frontage Land

      Riverfront land with development potential in Jeffersonville, Indiana.
      L213-220 Upper River Road, Jeffersonville, IN 47130
      View Details
    • $227,500

      Riverfront Lot Ready For Home

      Riverfront lot in Utica community with utilities available.
      Upper River Road, Jeffersonville, IN 47130
      View Details
    • $195,000

      Prime Land in Revitalizing Area

      0.31-acre property near Ohio River and downtown Jeffersonville.
      1021 E Market Street, Jeffersonville, IN 47130
      View Details
    • $399,000
      2,665 SF

      Jeffersonville Retail Space For Lease

      Versatile retail space in Jeffersonville's commercial corridor.
      1708 E 10th St, Jeffersonville, IN
      View Details
    • $7,500

      Secluded Lot in Clark County

      Private 0.65-acre lot ideal for dream home or retreat.
      3414 Charlestown Pike, Jeffersonville, IN 47130
      View Details
    • $219,900

      Residential Lot in Quarry Bluff

      Building lot with lake view and access to amenities.
      S Patrol Road lot: 2, Jeffersonville, IN 47130
      View Details
    • $194,900

      Residential Lot in Quarry Bluff

      Building lot with lake view and access to amenities.
      S Patrol Road lot: 5, Jeffersonville, IN 47130
      View Details
    • $199,900

      Residential Lot in Quarry Bluff

      Building lot with lake view and access to amenities.
      S Patrol Road lot: 3, Jeffersonville, IN 47130
      View Details
    • $189,900

      Residential Lot in Quarry Bluff

      Building lot with lake view and utility access.
      S Patrol Road lot: 4, Jeffersonville, IN 47130
      View Details
    • $1,000,000
      13,506 SF

      Medical Facility Near Downtown

      Well-maintained medical facility with income potential near hospital.
      1701 Spring St, Jeffersonville, IN 47130
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Building lot in Quarry Bluff Estates, Jeffersonville, Indiana.
    Where is this residential land & home lot located?
    The property is located at L228 Upper River Road Jeffersonville, IN.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: Ohio River lot; Quarry Bluff Estates location; Choose your own builder
    (812) 948-2888
    We can help!
    Listing Contact
    Matt Lincoln
    Matt Lincoln
    Real Estate License ID: RB14042235
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!