Renovated Mixed-Use
New
For Sale
$199,000
714 E 10th St, Jeffersonville, IN 47130
Flexible layout includes two bedrooms, a full bathroom, an additional rear room, and an unfinished basement.
Property Size1,018 SF
Price / SF$195.48
Days on Market4
Property Features for 714 E 10th St
General Information
Standard status
Active
Size
1,018 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1990
Buildings
1
Listing Agency:
Lopp Real Estate Brokers
Listed By:
Staci Flispart
(812) 728-8181
Source:
Adventurealty
Added: Sep 8
Last Checked: Sep 9 at 10:57PM
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 Lopp Real Estate Brokers
Investment Insights
Based on property information with market context.
This mixed-use property offers 1,018 square feet of adaptable space within a 1990-built structure. The main level includes two bedrooms, one full bathroom, and a third room at the rear that can serve as office or storage space. An unfinished basement adds substantial room for storage or future customization, while new HVAC supports the building’s current setup.
Located at 714 E 10th St in Jeffersonville, the property is near the Quartermaster Depot and provides access to I-65. Its existing residential configuration and flexible additional areas support consideration for both living and commercial purposes.
Located at 714 E 10th St in Jeffersonville, the property is near the Quartermaster Depot and provides access to I-65. Its existing residential configuration and flexible additional areas support consideration for both living and commercial purposes.
Key Highlights
- 1,018 square feet in a 1990‑built mixed‑use property
- Two bedrooms and one full bathroom on the main floor
- Additional rear room suitable for office or storage use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,637
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$192,740
$192.7K
Cap Rate 7%
$137,671
$137.7K
Cap Rate 9%
$107,078
$107.1K
Market Conditions
NOI Build-Up for 1,018 SF
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.
Gross rent
$16.5K $16.20/SF
− Vacancy
−$1.1K −$1.05/SF
EGI
$15.4K $15.15/SF
− OpEx
−$5.8K −$5.68/SF
NOI
$9.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$192,740
Cap Rate 7%
$137,671
Cap Rate 9%
$107,078
Alternative Uses
Best Use
Mixed Use
$137.7K
$120.5K – $160.6K
NOI $9,637 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.0K
$259.0K – $345.3K
NOI $20,718 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Explore this area
Business Placement
Demographics for 47130, IN
48,481
Population
22,602
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
1,430
Density / Sq Mi
$68,412
Median Household Income
$40,941
Median Earnings
$1,090
Median Rent
$203,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible layout includes two bedrooms, a full bathroom, an additional rear room, and an unfinished basement.
Where is this mixed-use property located?
The property is located at 714 E 10th St Jeffersonville, IN.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,018 square feet in a 1990‑built mixed‑use property; Two bedrooms and one full bathroom on the main floor; Additional rear room suitable for office or storage use
