Flex Office and Storage
For Sale
Contact for pricing
Pending
2505 LINCOLN DR, Clarksville, IN 47129
Renovated office space with ample parking, outdoor storage, and attached storage for businesses needing work and vehicle access.
Property Size1,704 SF
Days on Market51
Property Features for 2505 LINCOLN DR
General Information
Standard status
Pending
Size
1,704 SF
Property subtype
Office
Building Details
Year Built
1985
Stories
1
Units
1
Listing Agency:
NextHome Wilson Real Estate Services
(502) 643-3062
Listed By:
Stephannie Wilson · License #RB14039714
Source:
Crexi
Added: Jun 30
Changed: Aug 8
Last Checked: Aug 1 at 2:51PM
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 NextHome Wilson Real Estate Services
Investment Insights
Based on property information with market context.
This versatile flex office and storage facility is designed to support a wide range of business operations. The renovated main office includes a welcoming reception area, seven private offices, expansive common work areas, a full kitchen, and 1.5 bathrooms. A rear addition provides additional functional workspace, while an attached storage building adds flexibility for equipment, meeting space, or supplemental office needs. The storage building features an unfinished lower level and a finished upper level that can be used as additional office space, meeting rooms, or storage.
Located at 2505 LINCOLN DR, CLARKSVILLE, IN, the property sits on a spacious lot with ample parking and outdoor storage. The combination of interior workspace and dedicated storage helps accommodate service-oriented operations that require both administrative space and capacity for vehicles and equipment.
For contractors, service businesses, landscapers, and other operators who need office space alongside equipment and vehicle storage, this layout offers a practical mix of reception, multiple offices, and expandable workspace. Buyers should confirm square footage and any use requirements during due diligence, as all measurements are approximate and verification is recommended if critical to your plans.
Located at 2505 LINCOLN DR, CLARKSVILLE, IN, the property sits on a spacious lot with ample parking and outdoor storage. The combination of interior workspace and dedicated storage helps accommodate service-oriented operations that require both administrative space and capacity for vehicles and equipment.
For contractors, service businesses, landscapers, and other operators who need office space alongside equipment and vehicle storage, this layout offers a practical mix of reception, multiple offices, and expandable workspace. Buyers should confirm square footage and any use requirements during due diligence, as all measurements are approximate and verification is recommended if critical to your plans.
Key Highlights
- Year built 1985 commercial property with renovated main office and a rear addition for added workspace.
- Renovated main office includes reception area, seven private offices, expansive common work areas, and a full kitchen.
- Main office has 1.5 bathrooms plus additional functional workspace from a rear addition.
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
$14,865
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
5.95%
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%
$297,300
$297.3K
Cap Rate 7%
$212,357
$212.4K
Cap Rate 9%
$165,167
$165.2K
Market Conditions
NOI Build-Up for 1,704 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
$24.5K $14.40/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$22.9K $13.42/SF
− OpEx
−$8.0K −$4.70/SF
NOI
$14.9K $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%
$297,300
Cap Rate 7%
$212,357
Cap Rate 9%
$165,167
Alternative Uses
Best Use
Office B
$371.6K
$325.1K – $433.5K
NOI $26,010 @ 7.0% cap · market cap 10.40%
Second Best
Flex RnD
$212.4K
$185.8K – $247.8K
NOI $14,865 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$495.4K
$433.5K – $578.0K
NOI $34,680 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Under-served
Demand for This Use
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated office space with ample parking, outdoor storage, and attached storage for businesses needing work and vehicle access.
Where is this flex space located?
The property is located at 2505 LINCOLN DR Clarksville, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Year built 1985 commercial property with renovated main office and a rear addition for added workspace.; Renovated main office includes reception area, seven private offices, expansive common work areas, and a full kitchen.; Main office has 1.5 bathrooms plus additional functional workspace from a rear addition.
