Zoned B1 Residential Income
For Sale
$230,000
1525 Lynch Lane, Clarksville, IN 47129
1.77-acre parcel with B1 zoning, about 165 feet of road frontage, and a 1,584 sq. ft. rental home needing TLC.
Property Size1,584 SF
Lot Size1.77 Acres
Price / SF$145.20
Days on Market2234
Property Features for 1525 Lynch Lane
General Information
Standard status
Active
Size
1,584 SF
Lot size
1.77 Acres
Property subtype
Duplex
Zoning
B1
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,844
Amenities
Window/Wall Unit
3
Commercial
Paved Road.
Building Details
Year Built
1950
Stories
1
Listing Agency:
Semonin REALTORS
Listed By:
Amy Hein · License #RB14038866
(812) 944-9800
Source:
Xome
Added: Jul 25, 2020
Changed: Sep 1
Last Checked: Sep 5 at 4:58AM
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 Semonin REALTORS
Investment Insights
Based on property information with market context.
This 1.77-acre property is zoned B1 and offers approximately 165 feet of road frontage. The site includes a 1,584 sq. ft. home on lot 4 that has been used as a rental. An addition on the right side of the house was used as a separate rental space with 1 bedroom and 1 bathroom. Both the main home and the addition are described as needing TLC.
Recent updates include a roof installed in 2021 and a furnace that was added within the last 5 years. The property also includes a pole barn on lot 4.
The property is also listed as commercial, and planning and zoning information is available via the attached materials referenced in the remarks.
Recent updates include a roof installed in 2021 and a furnace that was added within the last 5 years. The property also includes a pole barn on lot 4.
The property is also listed as commercial, and planning and zoning information is available via the attached materials referenced in the remarks.
Key Highlights
- 1.77‑acre parcel zoned B1 with approximately 165 feet of road frontage on a paved road
- Includes a 1,584 sq. ft. assessor home on lot 4 that has been used as a rental
- Right‑side addition on the home was used as a separate rental space (1 bd/1 ba)
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
$17,908
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
7.79%
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%
$358,160
$358.2K
Cap Rate 7%
$255,829
$255.8K
Cap Rate 9%
$198,978
$199.0K
Market Conditions
NOI Build-Up for 1,584 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
$27.0K $17.04/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$25.6K $16.15/SF
− OpEx
−$7.7K −$4.85/SF
NOI
$17.9K $11.31/SF
Area
Clark County, IN
Vacancy
5.22%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
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%
$358,160
Cap Rate 7%
$255,829
Cap Rate 9%
$198,978
Alternative Uses
Best Use
Multifamily LT 5
$255.8K
$223.9K – $298.5K
NOI $17,908 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$238.5K
$208.7K – $278.3K
NOI $16,696 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$460.5K
$403.0K – $537.3K
NOI $32,238 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
677
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 Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - 1.77-acre parcel with B1 zoning, about 165 feet of road frontage, and a 1,584 sq. ft. rental home needing TLC.
Where is this duplex located?
The property is located at 1525 Lynch Lane Clarksville, IN.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1.77‑acre parcel zoned B1 with approximately 165 feet of road frontage on a paved road; Includes a 1,584 sq. ft. assessor home on lot 4 that has been used as a rental; Right‑side addition on the home was used as a separate rental space (1 bd/1 ba)
