Storefront Property with
For Sale
Contact for pricing
123 E Maple St, Jeffersonville, IN 47130
Three-building commercial property with adaptable interior areas, garage-door access, and ample electrical service.
Property Size8,352 SF
Price / SF$88
Days on Market11
Property Features for 123 E Maple St
General Information
Standard status
Active
Size
8,352 SF
Property subtype
RETAIL
Listing Agency:
RE/MAX FIRST
(502) 386-9022
Listed By:
Michael A Kopp
(502) 386-9022
Source:
Moodyscre
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 30 at 7:49PM
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 RE/MAX FIRST
Investment Insights
Based on property information with market context.
This commercial assemblage includes three buildings on two parcels with approximately 8,352 square feet of combined space. The Maple Street storefront building was formerly used as a bank and includes an area behind the retail structure that may accommodate covered outdoor seating. Two additional metal warehouse buildings provide approximately 1,200 and 4,000 square feet, respectively, with high ceilings, small doors, and garage doors. The buildings may function independently or connect internally, and the larger warehouse may accommodate separate retail areas or a commercial kitchen, subject to approvals.
The property is located at 123 E Maple St in Jeffersonville, Indiana, within the TIF District, Overlay District, Riverfront District, and designated Storefront and Facade Grant area. It is also within the Local and National Register Historic District. DC zoning supports personal services, professional offices, and retail, while food sales and service, institutional uses, and recreation are identified as special exceptions. Permitted uses and special exceptions should be confirmed with the City of Jeffersonville.
The property is located at 123 E Maple St in Jeffersonville, Indiana, within the TIF District, Overlay District, Riverfront District, and designated Storefront and Facade Grant area. It is also within the Local and National Register Historic District. DC zoning supports personal services, professional offices, and retail, while food sales and service, institutional uses, and recreation are identified as special exceptions. Permitted uses and special exceptions should be confirmed with the City of Jeffersonville.
Key Highlights
- Approximately 8352sf across 3 buildings on 2 parcels
- Maple Street storefront building formerly used as a bank
- Additional warehouse buildings measure apprx 1200sf and apprx 4000sf
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
$40,626
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
5.53%
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%
$812,520
$812.5K
Cap Rate 7%
$580,371
$580.4K
Cap Rate 9%
$451,400
$451.4K
Market Conditions
NOI Build-Up for 8,352 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
$51.4K $6.16/SF
− Vacancy
−$3.7K −$0.44/SF
EGI
$47.8K $5.72/SF
− OpEx
−$7.2K −$0.86/SF
NOI
$40.6K $4.86/SF
Area
Clark County, IN
Vacancy
7.10%
Lease Rate
$6.16 /SF/Yr
Expense Ratio
15.00%
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%
$812,520
Cap Rate 7%
$580,371
Cap Rate 9%
$451,400
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,815 @ 7.0% cap · market cap 13.72%
Second Best
Flex RnD
$1.04M
$910.7K – $1.21M
NOI $72,859 @ 7.0% cap · market cap 9.91%
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,980 @ 7.0% cap · market cap 23.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47130, IN
48,481
Population
22,602
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
1,430
Density / Sq Mi
$68,412
Median Household Income
$40,941
Median Earnings
$1,090
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Three-building commercial property with adaptable interior areas, garage-door access, and ample electrical service.
Where is this storefront property located?
The property is located at 123 E Maple St Jeffersonville, IN.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Approximately 8352sf across 3 buildings on 2 parcels; Maple Street storefront building formerly used as a bank; Additional warehouse buildings measure apprx 1200sf and apprx 4000sf
