Jeffersonville Retail Building with
For Sale
Contact for pricing
1495 E 10th St, Jeffersonville, IN 47130
Prime location retail building with drive-through in Jeffersonville, Indiana.
Property Size2,725 SF
Lot Size0.54 Acres
Price / SF$348.26
Days on Market855
Property Features for 1495 E 10th St
General Information
Standard status
Active
Size
2,725 SF
Lot size
0.54 Acres
Property subtype
Land, Mixed Use, Office, Retail
Building Details
Year Built
2013
Listing Agency:
Commonwealth Commercial Real Estate
(502) 379-6000
Listed By:
Rhonda Karageorge · License #KY 46762
Source:
Crexi
Added: Apr 8, 2024
Changed: Aug 9
Last Checked: Aug 9 at 7:48PM
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 Commonwealth Commercial Real Estate
Investment Insights
Based on property information with market context.
This well-constructed building, featuring multiple drive-throughs, is situated at the signalized intersection of 10th Street and Nachand Lane. The property encompasses approximately 2,725 square feet on a 0.539-acre lot, offering high visibility in Jeffersonville's commercial center. The drive-through configuration makes it suitable for various business applications, including retail and restaurant operations. The property is an outlot to Youngstown Shopping Center, which includes Dollar Tree, Save a Lot, and Rent-A-Center as major tenants. It is located next to Taco Bell and across from Burger King. Youngstown Center is currently undergoing updates and renovations. Located approximately 1.5 miles from I-65, the property provides convenient access for both customers and employees. Jeffersonville is an established city with a strong community base. The surrounding area includes numerous businesses and amenities, with proximity to Quadrangle, shops, and stores. Zoned C-1, the property allows for a variety of possibilities. A large illuminated monument sign is present on the property, ensuring maximum exposure and accessibility. The property is also available for lease at $18 per square foot NNN.
Key Highlights
- Prime location at signalized intersection of 10th Street and Nachand Lane with high visibility.
- Equipped with convenient drive‑throughs, suitable for various business types.
- Located on a spacious .539 +- acre lot.
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
$35,242
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
3.71%
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%
$704,840
$704.8K
Cap Rate 7%
$503,457
$503.5K
Cap Rate 9%
$391,578
$391.6K
Market Conditions
NOI Build-Up for 2,725 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
$49.1K $18.00/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$47.0K $17.24/SF
− OpEx
−$11.7K −$4.31/SF
NOI
$35.2K $12.93/SF
Area
Clark County, IN
Vacancy
4.20%
Lease Rate
$18.00 /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%
$704,840
Cap Rate 7%
$503,457
Cap Rate 9%
$391,578
Alternative Uses
Best Use
Specialty Retail
$503.5K
$440.5K – $587.4K
NOI $35,242 @ 7.0% cap · market cap 3.71%
Second Best
Retail
$469.9K
$411.2K – $548.2K
NOI $32,893 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$792.3K
$693.2K – $924.3K
NOI $55,459 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Under-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 Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Shelley's Florist & Gifts — 1031 E 10th St, Jeffersonville, IN 47130
- Gigi's Blooms and More — 714 e 10th st, jeffersonville, in 47130
Frequently Asked Questions
What type of property is this?
Storefront property - Prime location retail building with drive-through in Jeffersonville, Indiana.
Where is this storefront property located?
The property is located at 1495 E 10th St Jeffersonville, IN.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Prime location at signalized intersection of 10th Street and Nachand Lane with high visibility.; Equipped with convenient drive‑throughs, suitable for various business types.; Located on a spacious .539 +- acre lot.
