Clarksville Retail
For Sale
$1,800,000
504 E Lewis And Clark Pkwy, Clarksville, IN 47129
C-2-zoned storefront with signage along Lewis and Clark Parkway.
Property Size8,827 SF
Price / SF$203.92
Days on Market410
Property Features for 504 E Lewis And Clark Pkwy
General Information
Standard status
Active
Size
8,827 SF
Property subtype
Retail
Zoning
B-2
Amenities
Water
Sewer
Natural Gas
Building Details
Year Built
2010
Listing Agency:
FJR Commercial
Listed By:
Brian Forrest · License #RB14038227
(502) 892-0228
Source:
Kcrea.resimplifi
Added: Sep 1, 2025
Changed: Oct 13
Last Checked: Oct 14 at 7:50PM
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 FJR Commercial
Investment Insights
Based on property information with market context.
This storefront retail property is located at 504 E Lewis and Clark Pkwy in Clarksville, Indiana. The building was constructed in 2010 and carries C-2 zoning. The property was formerly used for medical purposes, providing a prior commercial-use context for the existing building.
Signage is positioned along Lewis and Clark Parkway, giving the property an identifiable presence on the corridor. The asset is being offered for sale or lease and is presented as a retail-oriented commercial property suitable for consideration by businesses evaluating a storefront location.
Signage is positioned along Lewis and Clark Parkway, giving the property an identifiable presence on the corridor. The asset is being offered for sale or lease and is presented as a retail-oriented commercial property suitable for consideration by businesses evaluating a storefront location.
Key Highlights
- 8,827‑square‑foot retail storefront
- C‑2 zoning
- Constructed in 2010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,549
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,130,980
$2.1M
Cap Rate 7%
$1,522,129
$1.5M
Cap Rate 9%
$1,183,878
$1.2M
Market Conditions
NOI Build-Up for 8,827 SF
Gross rent
$158.9K $18.00/SF
− Vacancy
−$6.7K −$0.76/SF
EGI
$152.2K $17.24/SF
− OpEx
−$45.7K −$5.17/SF
NOI
$106.5K $12.07/SF
Area
Clark County, IN
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,130,980
Cap Rate 7%
$1,522,129
Cap Rate 9%
$1,183,878
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.78M
NOI $106,549 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $2.99M
NOI $179,647 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
709
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kroger Floral — 305 E Lewis and Clark Pkwy, Clarksville, IN 47129
Frequently Asked Questions
What type of property is this?
Storefront property - C-2-zoned storefront with signage along Lewis and Clark Parkway.
Where is this storefront property located?
The property is located at 504 E Lewis And Clark Pkwy Clarksville, IN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 8,827‑square‑foot retail storefront; C‑2 zoning; Constructed in 2010
