Green Tree Mall Outparcel
709 E Lewis and Clark Pkwy Clarksville, IN
For Sale
Contact for pricing
Retail property with in-place NOI of $122,608 for sale.
Property Size6,786 SF
Lot Size33.72 Acres
Price / SF$258.18
Days on Market426
Property Features for 709 E Lewis and Clark Pkwy
General Information
Standard status
Active
Size
6,786 SF
Lot size
33.72 Acres
Property subtype
RETAIL
Listing Agency:
Newmark | Cincinnati
(513) 864-6606
Listed By:
Maxwell Lippitt
(248) 488-2620
Source:
Moodyscre
Added: May 29, 2025
Changed: Jul 10
Last Checked: Jul 21 at 8:28AM
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 Newmark | Cincinnati
Investment Insights
Based on property information with market context.
The Green Tree Mall Outparcel property, comprising 6,786 square feet, has an in-place net operating income (NOI) of $122,608. The property is offered for $1,752,000, representing a 7.0% capitalization rate based on the in-place NOI. The property is located at 709 E Lewis and Clark Pkwy, Clarksville, IN.
Key Highlights
- Offered at $1,752,000
- 7.0% Cap Rate on in‑place NOI
- In‑place Net Operating Income (NOI) of $122,608
Financial Insights For Retail
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 | $122.1k | $18.00 |
| − Vacancy | −$5.1k | −$0.76 |
| EGI | $117.0k | $17.24 |
| − OpEx | −$35.1k | −$5.17 |
| NOI | $81.9k | $12.07 |
6,786 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.37M
NOI $81,912 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,109 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - Retail property with in-place NOI of $122,608 for sale.
Where is this strip mall located?
The property is located at 709 E Lewis and Clark Pkwy Clarksville, IN.
What is the asking price?
The asking price for this property is $1,752,000.
What are key features of this property?
This property features: Offered at $1,752,000; 7.0% Cap Rate on in‑place NOI; In‑place Net Operating Income (NOI) of $122,608
