Commercial Property on Bowling
For Sale
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122 Bowling Ln, Clarksville, IN 47129
Well-maintained 1,482 SF commercial building suitable for various businesses.
Property Size1,482 SF
Lot Size0.50 Acres
Price / SF$202.43
Days on Market176
Property Features for 122 Bowling Ln
General Information
Standard status
Active
Size
1,482 SF
Lot size
0.50 Acres
Property subtype
Office
Zoning
B-2: General Business
Building Details
Year Built
2013
Buildings
1
Stories
1
Listing Agency:
KW Commercial Southern Indiana
Listed By:
Brian Haeseley · License #KY b3113
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 9 at 10:34AM
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 KW Commercial Southern Indiana
Investment Insights
Based on property information with market context.
Located at 122 Bowling Lane in Clarksville, this commercial property was built in 2013. The detached, single-level building offers 1,482 square feet of space on a lot of nearly half an acre. It features paved parking and a canopy-covered entry. The interior layout is flexible and suitable for a range of uses, including professional offices, medical or therapy practices, retail services, or other service-oriented businesses. This property is suitable for both owner-occupants and investors looking for a manageable asset with strong functionality. It presents a good opportunity for a growing business or an owner-user seeking long-term stability.
Key Highlights
- Versatile 1,482 SF commercial building suitable for office, medical, retail, or service‑oriented businesses.
- Built in 2013, offering a modern and well‑maintained space.
- Located on nearly half an acre with paved parking and canopy/covered entry.
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
$22,621
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
7.54%
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%
$452,420
$452.4K
Cap Rate 7%
$323,157
$323.2K
Cap Rate 9%
$251,344
$251.3K
Market Conditions
NOI Build-Up for 1,482 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
$35.6K $24.00/SF
− Vacancy
−$5.4K −$3.65/SF
EGI
$30.2K $20.35/SF
− OpEx
−$7.5K −$5.09/SF
NOI
$22.6K $15.26/SF
Area
Clark County, IN
Vacancy
15.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$452,420
Cap Rate 7%
$323,157
Cap Rate 9%
$251,344
Alternative Uses
Best Use
Office B
$323.2K
$282.8K – $377.0K
NOI $22,621 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.9K
$377.0K – $502.7K
NOI $30,162 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 47129, IN
19,739
Population
9,382
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
83%
High-School Grad
9.6 sq mi
ZIP Area
2,056
Density / Sq Mi
$55,447
Median Household Income
$36,592
Median Earnings
$1,027
Median Rent
$162,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained 1,482 SF commercial building suitable for various businesses.
Where is this office units located?
The property is located at 122 Bowling Ln Clarksville, IN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Versatile 1,482 SF commercial building suitable for office, medical, retail, or service‑oriented businesses.; Built in 2013, offering a modern and well‑maintained space.; Located on nearly half an acre with paved parking and canopy/covered entry.
