Turnkey Flex
3011 Blackiston Mill Rd Clarksville, IN 47129
3011 Blackiston Mill Rd, Clarksville, IN, 47129
Contact for pricing
For Sale
Contact for pricing
Updated office space and a rear warehouse with loading docks on a parking-friendly lot, currently operating as an HVAC business.
Property Size4,525 SF
Lot Size0.68 Acres
Price / SF$121.55
Days on Market92
Property Features for 3011 Blackiston Mill Rd
General Information
- Standard status
- Active
- Size
- 4,525 SF
- Lot size
- 0.68 Acres
- Property subtype
- OFFICE
Listing agency
FC Tucker Kentuckiana
(502) 489-7806
Listed by
Christopher Fox
(502) 489-7806
Source
Moodyscre
Added: Apr 22 Updated: Jul 22 at 2:27PM Checked: Jul 22 at 2:27PM
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 FC Tucker Kentuckiana
Investment Insights
Based on property information with market context.
This turnkey commercial property includes a front building and a rear warehouse/shop on a single lot. The front building totals 2,821 square feet and features 1,653 square feet of remodeled office space on the main level, along with a leased upstairs apartment. Both levels have been updated for a move-in-ready setup.
At the rear, there is a 1,704 square foot warehouse/shop building with loading docks, designed to support service-based operations, storage, or distribution activities. The lot is 0.6751 acres and is laid out to accommodate ample parking and maneuvering for work trucks and equipment.
The property is currently operating as an HVAC company and is positioned to serve the broader Southern Indiana and Louisville metro area.
At the rear, there is a 1,704 square foot warehouse/shop building with loading docks, designed to support service-based operations, storage, or distribution activities. The lot is 0.6751 acres and is laid out to accommodate ample parking and maneuvering for work trucks and equipment.
The property is currently operating as an HVAC company and is positioned to serve the broader Southern Indiana and Louisville metro area.
Key Highlights
- Front building totals 2,821 SF with 1,653 SF remodeled office space on the main level
- Upstairs includes a leased apartment, providing additional rental income
- Rear warehouse/shop building offers 1,704 SF with loading docks
Local Financial Insights For Flex RnD
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 | $65.2k | $14.40 |
| − Vacancy | −$4.4k | −$0.98 |
| EGI | $60.7k | $13.42 |
| − OpEx | −$21.3k | −$4.70 |
| NOI | $39.5k | $8.72 |
4,525 SF · lease $14.40/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$986.7K
$863.4K – $1.15M
NOI $69,070 @ 7.0% cap · market cap 12.56%
Second Best
Flex RnD
$563.9K
$493.4K – $657.9K
NOI $39,474 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,093 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Bert's Quality Provisions — 2776 Mt Tabor Rd, New Albany, IN 47150
FAQs
What type of property is this?
Flex space - Updated office space and a rear warehouse with loading docks on a parking-friendly lot, currently operating as an HVAC business.
Where is this flex space located?
The property is located at 3011 Blackiston Mill Rd Clarksville, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Front building totals 2,821 SF with 1,653 SF remodeled office space on the main level; Upstairs includes a leased apartment, providing additional rental income; Rear warehouse/shop building offers 1,704 SF with loading docks
