Fenced Flex Property with Pole
For Sale
$775,000
2112 Hamburg Pike, Jeffersonville, IN 47130
COMMERCIAL - Jeffersonville, IN
Property Size2,550 SF
Lot Size2.54 Acres
Price / SF$303.92
Days on Market96
Property Features for 2112 Hamburg Pike
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
100
Directions
Lewis and Clark to Hamburg Pike Hamburg Pike
Standard status
Active
APN
21000430090
Lot size
2.54 Acres
Taxes and HOA fees
Tax Year
4051
Tax Description
GT 9--.0972 AC, GT 9 .792 AC, GT 9 1.34 AC, GT 9 0.310 AC REM
Tax Annual Amount
3216
Legal Description
GT 9--.0972 AC, GT 9 .792 AC, GT 9 1.34 AC, GT 9 0.310 AC REM
Listing Agency:
Schuler Bauer Real Estate Services ERA Powered (N · ERA Real Estate
(812) 948-2888
Listed By:
Barbara Popp · License #RB14014130
(812) 948-2888
Added: May 19
Changed: Aug 16
Last Checked: Aug 22 at 1:06PM
MLS# 202608449
Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property combines a 2,550-square-foot pole-barn-style facility with a broad outdoor yard. The building is arranged with office and workshop areas, while the flat gravel grounds are fully enclosed with fencing installed in 2024. The property is currently used for vehicle towing and impound operations, with controlled entry and space for outdoor storage, equipment staging, and fleet parking.
The 2.54-acre site fronts Hamburg Pike in Jeffersonville, with recent development located across the street. A 0.31-acre portion includes residential frontage, adding a distinct component to the overall parcel. The layout provides room for vehicle circulation and secure yard operations along the commercial corridor.
The 2.54-acre site fronts Hamburg Pike in Jeffersonville, with recent development located across the street. A 0.31-acre portion includes residential frontage, adding a distinct component to the overall parcel. The layout provides room for vehicle circulation and secure yard operations along the commercial corridor.
Key Highlights
- 2.54‑acre parcel with a 2,550‑square‑foot pole‑barn‑style facility
- Fully fenced gravel yard with fencing installed in 2024
- Office and workshop areas within the building
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
$22,245
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
2.87%
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%
$444,900
$444.9K
Cap Rate 7%
$317,786
$317.8K
Cap Rate 9%
$247,167
$247.2K
Market Conditions
NOI Build-Up for 2,550 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
$36.7K $14.40/SF
− Vacancy
−$2.5K −$0.98/SF
EGI
$34.2K $13.42/SF
− OpEx
−$12.0K −$4.70/SF
NOI
$22.2K $8.72/SF
Area
Clark County, IN
Vacancy
6.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$444,900
Cap Rate 7%
$317,786
Cap Rate 9%
$247,167
Alternative Uses
Best Use
Flex RnD
$317.8K
$278.1K – $370.8K
NOI $22,245 @ 7.0% cap · market cap 2.87%
Second Best
Industrial
$145.9K
$127.7K – $170.3K
NOI $10,215 @ 7.0% cap · market cap 1.32%
Theoretical Best
Office A
$741.4K
$648.7K – $865.0K
NOI $51,898 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
165
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 Industrial 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?
Flex space - Fenced gravel yard with office and workshop space supports secure outdoor storage and controlled vehicle access.
Where is this flex space located?
The property is located at 2112 Hamburg Pike Jeffersonville, IN.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 2.54‑acre parcel with a 2,550‑square‑foot pole‑barn‑style facility; Fully fenced gravel yard with fencing installed in 2024; Office and workshop areas within the building
