Add Listing
    For Lease
    • 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

    118 W Lewis Clark Pkwy Clarksville, IN

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Versatile residence zoned RPO, ideal for living and working.

    Type:OFFICE
    Lot size:
    0.19 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    127
    Last Refresh:
    Mar 29 at 11:23 pm

    Property Features for 118 W Lewis Clark Pkwy

    General Information

    Standard status
    Active
    Lot size
    0.19 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Rebecca Bergeron
    Rebecca Bergeron

    Listing agent Rebecca Bergeron License #RB19000454

    Listing office JPAR Aspire

    Listing date Nov 25, 2025

    Source Moodyscre

    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 JPAR Aspire

    Overview

    Clarksville Residence with Business Potential

    Located in Clarksville, Indiana, this property is situated off Lewis and Clark Parkway. Zoned as Residential Professional Office (RPO), it offers a blend of residential comfort and business functionality. The residence features three bedrooms and two full bathrooms. A large bonus room offers possibilities for use as a professional office, hair salon, or creative studio. The kitchen has been updated with granite countertops and stainless steel appliances. The property has undergone updates over the last decade, enhancing its aesthetic appeal and functionality while maintaining its character. It is suited for combining living and working in a thriving area with access to local amenities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.76
    Latitude
    38.2967

    Nearby Similar for Lease

    • $15/mo

      Retail Space Near Interstate I-65

      Retail spaces with high visibility and easy interstate access.
      1401 Veterans Pkwy, Clarksville, IN 47129
      View Details
    • Contact for pricing

      Multi-Tenant Building with Gymnasium

      Two-story office complex with a gymnasium, formerly a school.
      230 E Montgomery Ave, Clarksville, IN
      View Details
    • Contact for pricing

      Clarksville Basement Office Space

      2,600 SF basement space with multiple private offices for rent.
      307 Lewis & Clark Parkway, Clarksville, IN
      View Details
    • Contact for pricing

      Former Restaurant Space Available

      Former Outback Steakhouse for lease near I-65.
      1420 Park Pl, Clarksville, IN 47129
      View Details
    • Contact for pricing

      Clarksville Commercial Space For Rent

      12,000 SF property in high-traffic Clarksville commercial corridor.
      1455 Cedar St, Clarksville, IN 47129
      View Details
    • Contact for pricing

      Office Suites in High-Traffic Area

      Office suites available in a convenient, high-traffic location.
      1517 Broadway St, Clarksville, IN 47129
      View Details
    • Contact for pricing

      Versatile Space on Veterans Parkway

      Sub-lease opportunity suitable for office, restaurant, or retail use.
      1370 Veterans Pkwy, Clarksville, IN
      View Details
    • Contact for pricing

      Redevelopment Opportunity Near I-65

      6,356 SF property suitable for redevelopment or expansion.
      1422 Vaxter Ave, Clarksville, IN 47129
      View Details
    • Contact for pricing

      Office, Medical, Retail Space Available

      Suites available in high-traffic area suitable for various uses.
      1446 E Horn St, Clarksville, IN 47129
      View Details
    • Contact for pricing

      Clarksville Commercial Space For Rent

      24,200 SF building with suites available for rent.
      1200 Madison St, Clarksville, IN 47129
      View Details
    • $3/mo

      22,000 SF Warehouse with Hoists

      22,000 SF warehouse featuring multiple overhead doors and hoists.
      1407 Emery Xing, Clarksville, IN
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 2,175 SqFt.
      1440 Veterans Pkwy, Clarksville, IN 47129
      View Details

    FAQs

    What type of property is this?
    Office units - Versatile residence zoned RPO, ideal for living and working.
    Where is this office units located?
    The property is located at 118 W Lewis Clark Pkwy Clarksville, IN.
    What are key features of this property?
    This property features: Zoned Residential Professional Office (RPO) offering the unique opportunity to combine living and working.; Conveniently located just off Lewis and Clark Parkway, providing easy access to local amenities.; Updated kitchen featuring granite countertops and stainless steel appliances.
    (207) 651-3041
    We can help!
    Listing Contact
    Rebecca Bergeron
    Rebecca Bergeron
    Real Estate License ID: RB19000454
    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!