Updated Flex Property with
For Sale
$475,000
3013 Blackiston Mill, Clarksville, IN 47129
Commercial, Clarksville, IN
Property Size4,525 SF
Lot Size0.56 Acres
Price / SF$104.97
Days on Market93
Property Features for 3013 Blackiston Mill
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
102406300079000013
Lot size
0.56 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Property Use
HVAC Company
Condition
Move-in Ready
Taxes and HOA fees
Tax Year
4051
Tax Description
Walnut Grove Gt 63 0.6751 ac Lots 1a-1b-1c Map Desc:# 24-70067-43-1
Tax Annual Amount
9908
Legal Description
Walnut Grove Gt 63 0.6751 ac Lots 1a-1b-1c Map Desc:# 24-70067-43-1
Building Details
Buildings
2
Listing Agency:
FC Tucker Kentuckiana · Keller Williams Realty
(502) 805-7653
Listed By:
Christopher A Fox
(502) 489-7806
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 30 at 8:06AM
MLS# 2026010578
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.
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Investment Insights
Based on property information with market context.
This flex property at 3013 Blackiston Mill in Clarksville combines office, residential, and warehouse components. The front building contains 2,821 square feet, including 1,653 square feet of remodeled main-level office space. The upper level includes a leased apartment, while both levels have been updated. A separate 1,704-square-foot warehouse and shop building at the rear adds loading docks and functional space for business operations, storage, or distribution.
The property is positioned to serve Southern Indiana and the Louisville metro area. Its 0.56-acre lot provides parking and maneuvering room for work trucks and equipment. The existing configuration supports an HVAC operation while offering a flexible setup for an owner-user or expanding business.
The property is positioned to serve Southern Indiana and the Louisville metro area. Its 0.56-acre lot provides parking and maneuvering room for work trucks and equipment. The existing configuration supports an HVAC operation while offering a flexible setup for an owner-user or expanding business.
Key Highlights
- 2,821‑square‑foot front building with 1,653 square feet of main‑level office space
- 1,704‑square‑foot rear warehouse and shop building with loading docks
- Leased apartment occupies the upper level of the front building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,838
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,760
$856.8K
Cap Rate 7%
$611,971
$612.0K
Cap Rate 9%
$475,978
$476.0K
Market Conditions
NOI Build-Up for 4,525 SF
Gross rent
$73.3K $16.20/SF
− Vacancy
−$4.8K −$1.05/SF
EGI
$68.5K $15.15/SF
− OpEx
−$25.7K −$5.68/SF
NOI
$42.8K $9.47/SF
Area
Clark County, IN
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,760
Cap Rate 7%
$611,971
Cap Rate 9%
$475,978
Alternative Uses
Best Use
Office B
$986.7K
$863.4K – $1.15M
NOI $69,070 @ 7.0% cap · market cap 14.54%
Second Best
Mixed Use
$612.0K
$535.5K – $714.0K
NOI $42,838 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,093 @ 7.0% cap · market cap 19.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
409
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
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Bert's Quality Provisions — 2776 Mt Tabor Rd, New Albany, IN 47150
Frequently Asked Questions
What type of property is this?
Flex space - Office, leased apartment, and dock-served shop space support varied business operations.
Where is this flex space located?
The property is located at 3013 Blackiston Mill Clarksville, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,821‑square‑foot front building with 1,653 square feet of main‑level office space; 1,704‑square‑foot rear warehouse and shop building with loading docks; Leased apartment occupies the upper level of the front building
