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    Office Suites in High-Traffic Area Title is generated by Realmo AI

    1517 Broadway St, Clarksville, IN 47129

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    Office suites available in a convenient, high-traffic location.

    Type:Office
    Property size:
    2,920 SF
    Added:
    Mar 5, 2026
    Days on Market:
    67
    Last Refresh:
    Mar 16 at 10:57 am

    Property Features for 1517 Broadway St

    General Information

    Standard status
    Active
    Size
    2,920 SF
    Property subtype
    Office

    Spaces For Lease

    at 1517 Broadway St Contact us

    We can help!

    Listing Contact
    Brian Forrest
    Brian Forrest

    Listing agent Brian Forrest License #IN RB14038227

    Listing office FJR Commercial

    Listing date Mar 5, 2026

    Source Crexi

    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 FJR Commercial

    HighLights

    • Located in a high‑traffic area.
    • Easy access, one block off I‑65.
    • Ample parking.
    • Perfect for office users.
    • Office suites available from 1,500‑2,920 SF.
    • Located between Veterans Parkway and Lewis and Clark Parkway.

    Overview

    Office suites ranging from 1,500 to 2,920 square feet are available for rent in a two-story building. The property is situated in a high-traffic area between Veterans Parkway and Lewis and Clark Parkway, offering convenient access. Located just one block from I-65, the location provides easy accessibility. Ample parking is available, making it suitable for office users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7573546
    Latitude
    38.3220735

    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
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      Freestanding Building on Corner Lot

      Two-story building on 1.35 acre lot near I-65.
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      Multi-Tenant Building with Gymnasium

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      Clarksville Commercial Space For Rent

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      Redevelopment Opportunity Near I-65

      6,356 SF property suitable for redevelopment or expansion.
      1422 Vaxter Ave, Clarksville, IN 47129
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      Versatile Space on Veterans Parkway

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

      Clarksville Basement Office Space

      2,600 SF basement space with multiple private offices for rent.
      307 Lewis & Clark Parkway, Clarksville, IN
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      Office, Medical, Retail Space Available

      Suites available in high-traffic area suitable for various uses.
      1446 E Horn St, Clarksville, IN 47129
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      Clarksville Commercial Space For Rent

      24,200 SF building with suites available for rent.
      1200 Madison St, Clarksville, IN 47129
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      Clarksville Residence with Business Potential

      Versatile residence zoned RPO, ideal for living and working.
      118 W Lewis Clark Pkwy, Clarksville, IN
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      Retail Space Available For Rent

      Retail space available, offering 2,175 SqFt.
      1440 Veterans Pkwy, Clarksville, IN 47129
      View Details
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      Retail Space For Rent

      Retail space available for lease in Clarksville, Indiana.
      1025 Veterans Parkway, Clarksville, IN, 47129
      View Details

    FAQs

    What type of property is this?
    Office units - Office suites available in a convenient, high-traffic location.
    Where is this office units located?
    The property is located at 1517 Broadway St Clarksville, IN.
    What are key features of this property?
    This property features: Located in a high‑traffic area.; Easy access, one block off I‑65.; Ample parking.
    (502) 753-2082 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian Forrest
    Brian Forrest
    Real Estate License ID: IN RB14038227
    Learn More
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    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
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