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

    5211 Highway 31 E Unit C Clarksville, IN 47129

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $344,500

    Commercial land in Clarksville, IN, with versatile zoning.

    Added:
    Apr 22, 2024
    Days on Market:
    728
    Last Refresh:
    Apr 1 at 9:02 pm

    Property Features for 5211 Highway 31 E Unit C

    General Information

    Standard status
    Active
    Property subtype
    Other

    We can help!

    Listing Contact
    Stephannie Wilson

    Listing agent Stephannie Wilson

    Listing office Schuler Bauer Real Estate Services ERA Powered (N

    Listing date Apr 22, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Schuler Bauer Real Estate Services ERA Powered (N

    Overview

    Commercial Land in High-Traffic Area

    This commercial land is located in a high-traffic area with convenient access to major highways and transportation hubs. Zoned B2, it is suitable for various businesses aiming to attract customers and generate revenue. The surrounding area is experiencing growth and development, indicating potential for business success. The versatile zoning accommodates a wide range of businesses, from retail shops to manufacturing facilities. The area's growth suggests further potential for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.748751
    Latitude
    38.339086

    Nearby Similar for Sale

    • $735,000
      3,650 SF

      Retail Space Near Green Tree Mall

      Retail space with high visibility near major shopping centers.
      600 East Lewis and Clark Parkway, Clarksville, IN, 47129
      View Details
    • $650,000
      5,625 SF

      Clarksville Commercial Property with Parking

      B-1 Zoned commercial property with ample parking and accessibility.
      412 Hale Rd, Clarksville, IN
      View Details
    • $300,000
      1,482 SF

      Commercial Property on Bowling Lane

      Well-maintained 1,482 SF commercial building suitable for various businesses.
      122 Bowling Ln, Clarksville, IN 47129
      View Details
    • $54,900

      Residential Lot in Clarksville, IN

      Flat building lot near park, ready for new construction.
      1727 Driftwood Drive, Clarksville, IN 47129
      View Details
    • $1,752,000
      6,786 SF

      Green Tree Mall Outparcel Property

      Retail property with in-place NOI of $122,608 for sale.
      709 E Lewis and Clark Pkwy, Clarksville, IN
      View Details
    • $690,000
      6,800 SF

      Versatile Commercial Building with Theater

      Adaptable commercial space featuring a theater/stage in a prime location.
      128 E Bell Avenue, Clarksville, IN 47129
      View Details
    • $299,000
      1,704 SF

      Versatile Commercial Office Space

      Commercial office space with storage and additional attached building.
      2505 Lincoln Drive, Clarksville, IN 47129
      View Details
    • $1,820,500

      Prime Commercial Land I-65 Visibility

      Over 6 acres of commercial land with high visibility.
      1470 broadway street, Clarksville, IN
      View Details
    • $560,000
      7,920 SF

      Established Bakery and Commercial Building

      Iconic bakery, building, and land for sale in Clarksville.
      1051 N Clark Boulevard, Clarksville, IN 47129
      View Details
    • $499,000
      3,600 SF

      Turnkey Restaurant Opportunity

      Updated restaurant building with patio and ample parking for sale.
      1515 Lynch Lane, Clarksville, IN 47129
      View Details
    • $49,900

      Highway 31 Vacant Commercial Lot

      Prime vacant lot on Highway 31 in Clarksville, Indiana.
      5927 Highway 31 E, Clarksville, IN 47129
      View Details
    • $5
      25,700 SF

      Versatile Commercial Space for Sale

      25,700+ sq ft showroom, office, retail, and warehouse space.
      1407 Emery Crossing, Clarksville, IN 47129
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in Clarksville, IN, with versatile zoning.
    Where is this commercial land located?
    The property is located at 5211 Highway 31 E Unit C Clarksville, IN.
    What is the asking price?
    The asking price for this property is $344,500.
    What are key features of this property?
    This property features: High traffic location ideal for attracting customers.; Easy access to major highways and transportation hubs.; Zoned B2, suitable for a wide range of businesses.
    (812) 948-2888
    We can help!
    Listing Contact
    Stephannie Wilson
    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!