Industrial Property with Office
1616 Potters Lane Clarksville, IN 47129
For Sale
$349,900
Industrial and office space for sale in Clarksville, Indiana.
Property Size6,000 SF
Price / SF$58.32
Days on Market1823
Property Features for 1616 Potters Lane
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Industrial
Building Details
Year Built
1980
Listing Agency:
Keller Williams Realty Consultants
(812) 944-7024
Listed By:
Dan Wentworth
(812) 944-7024
Source:
Xome
Added: Aug 3, 2021
Changed: Jul 6
Last Checked: Jul 29 at 3:51AM
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 Keller Williams Realty Consultants
Investment Insights
Based on property information with market context.
This industrial property with office space is available for sale in Clarksville, Indiana. The property benefits from its location with visibility from I-65, situated behind a Walmart and Sam's Club. A new 252-unit apartment complex is located directly across the street. The property includes two parcels. One parcel features a freestanding office space of approximately 1500 square feet. The other parcel contains roughly 4500 square feet of warehouse space, divided into two separate bays. The warehouse has an approximate ceiling height of 25 feet, a concrete floor, and a large overhead door. The current ownership has not utilized the warehouse space, and there is some roof damage over one of the bays that requires attention.
Key Highlights
- Highly visible location with I‑65 frontage.
- Located behind Walmart/Sam's Club in Clarksville, IN.
- New 252‑unit apartment complex directly across the street.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.0k | $6.16 |
| − Vacancy | −$2.6k | −$0.44 |
| EGI | $34.3k | $5.72 |
| − OpEx | −$5.2k | −$0.86 |
| NOI | $29.2k | $4.86 |
6,000 SF · lease $6.16/SF/yr · vacancy 7.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.31M
$1.14M – $1.53M
NOI $91,584 @ 7.0% cap · market cap 26.17%
Second Best
Flex RnD
$747.7K
$654.3K – $872.4K
NOI $52,341 @ 7.0% cap · market cap 14.96%
Theoretical Best
Office A
$1.74M
$1.53M – $2.04M
NOI $122,112 @ 7.0% cap · market cap 34.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Industrial and office space for sale in Clarksville, Indiana.
Where is this flex space located?
The property is located at 1616 Potters Lane Clarksville, IN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Highly visible location with I‑65 frontage.; Located behind Walmart/Sam's Club in Clarksville, IN.; New 252‑unit apartment complex directly across the street.
