Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1601 Greentree Blvd Clarksville, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Old movie theater ready for a new life.

    Type:RETAIL
    Property size:
    25,034 SF
    Lot size:
    55.34 Acres
    Added:
    Feb 13, 2024
    Days on Market:
    809
    Last Refresh:
    Apr 5 at 8:20 pm

    Property Features for 1601 Greentree Blvd

    General Information

    Standard status
    Active
    Size
    25,034 SF
    Lot size
    55.34 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1601 Greentree Blvd Contact us

    We can help!

    Listing Contact
    Igal Nassim
    Igal Nassim

    Listing agent Igal Nassim License #RB14043299

    Listing office Mason Asset Management - Corporate

    Listing date Feb 13, 2024

    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 Mason Asset Management - Corporate

    Overview

    Former Movie Theater Available

    Located at 1601 Greentree Blvd in Clarksville, Indiana, this 25,034-square-foot property is a former movie theater. The property is available for rent and presents an opportunity for redevelopment. Other retail spaces are also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7651
    Latitude
    38.3187

    Nearby Similar for Lease

    • $15 SF/Yr

      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

      Freestanding Building on Corner Lot

      Two-story building on 1.35 acre lot near I-65.
      950 E Lewis and Clark Pkwy, Clarksville, IN
      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 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

      Redevelopment Opportunity Near I-65

      6,356 SF property suitable for redevelopment or expansion.
      1422 Vaxter Ave, Clarksville, IN 47129
      View Details
    • $5,205/Mo

      Versatile Space on Veterans Parkway

      Sub-lease opportunity suitable for office, restaurant, or retail use.
      1370 Veterans Pkwy, Clarksville, IN
      View Details
    • $1,750/Mo

      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

      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
    • Contact for pricing

      Clarksville Residence with Business Potential

      Versatile residence zoned RPO, ideal for living and working.
      118 W Lewis Clark Pkwy, 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?
    Retail space - Old movie theater ready for a new life.
    Where is this retail space located?
    The property is located at 1601 Greentree Blvd Clarksville, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Old Movie Theater: A unique opportunity to repurpose a distinctive building.; Redevelopment Potential: Ready for a new use, offering significant investment possibilities.; Prime Location: Situated on Greentree Blvd in Clarksville, IN.
    (516) 371-5858 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Igal Nassim
    Igal Nassim
    Real Estate License ID: RB14043299
    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

    Thank You for Inquiry

    1601 Greentree Blvd, Clarksville, IN

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!