Warehouse and Office Flex
615 Walnut Street Jeffersonville, IN 47130
615 Walnut Street, Jeffersonville, IN, 47130
$324,900
For Sale
$324,900
Warehouse space with one 12' garage door plus dedicated office, conference, kitchen, and two-bath facilities.
Property Size5,000 SF
Price / SF$64.98
Days on Market3094
Property Features for 615 Walnut Street
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1905
Listing agency
Lincoln Crum Realty
(812) 557-1700
Listed by
Lincoln Crum
(812) 557-1700
Source
Xome
Added: Jan 31, 2018 Updated: Jul 22 at 3:13AM Checked: Jul 22 at 3:13AM
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 Lincoln Crum Realty
Investment Insights
Based on property information with market context.
This warehouse and office flex space is currently set up to combine a functional distribution area with dedicated interior office use. The warehouse includes 22.5' high to center and features one 12' commercial bay garage door. The building also includes approximately 1,300+ square feet of office, conference, and kitchen area, along with two bathrooms.
Located in the Downtown Commercial District of Jeffersonville, the property is about one block from the Clark County Courthouse and a new downtown elementary school. The Downtown Commercial District permitted uses include, but are not limited to, residential (single or multi-family), general business, office/professional, recreation, retail, and food service/sales.
Property taxes shown reflect the total building amount prior to recent separation, when approximately two-thirds of the space was sold off. The future property taxes should be based on the current one-third of the previous total space. All measurements and square footage are approximate.
Located in the Downtown Commercial District of Jeffersonville, the property is about one block from the Clark County Courthouse and a new downtown elementary school. The Downtown Commercial District permitted uses include, but are not limited to, residential (single or multi-family), general business, office/professional, recreation, retail, and food service/sales.
Property taxes shown reflect the total building amount prior to recent separation, when approximately two-thirds of the space was sold off. The future property taxes should be based on the current one-third of the previous total space. All measurements and square footage are approximate.
Key Highlights
- Warehouse and office space in Jeffersonville’s Downtown Commercial District, currently set up as warehouse and office
- Over 5,000 total SF with 1,300+ SF dedicated to office, conference, and kitchen area
- Warehouse includes 22.5' high‑to‑center clearance and one 12' commercial bay garage door
Local Financial Insights For Warehouse
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 | $30.8k | $6.16 |
| − Vacancy | −$2.2k | −$0.44 |
| EGI | $28.6k | $5.72 |
| − OpEx | −$4.3k | −$0.86 |
| NOI | $24.3k | $4.86 |
5,000 SF · lease $6.16/SF/yr · vacancy 7.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.09M
$954.0K – $1.27M
NOI $76,320 @ 7.0% cap · market cap 23.49%
Second Best
Flex RnD
$623.1K
$545.2K – $727.0K
NOI $43,618 @ 7.0% cap · market cap 13.43%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,760 @ 7.0% cap · market cap 31.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lincoln Crum Realty ...
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Warehouse space with one 12' garage door plus dedicated office, conference, kitchen, and two-bath facilities.
Where is this flex space located?
The property is located at 615 Walnut Street Jeffersonville, IN.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Warehouse and office space in Jeffersonville’s Downtown Commercial District, currently set up as warehouse and office; Over 5,000 total SF with 1,300+ SF dedicated to office, conference, and kitchen area; Warehouse includes 22.5' high‑to‑center clearance and one 12' commercial bay garage door
