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    Town Ctr Blvd And Veterans Pkwy Jeffersonville, IN 47130

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    For Lease
    Contact for pricing

    Prime Retail & Office Space, Southern Indiana

    Lot size:
    214,450 SF

    Property Features for 0 Town Ctr Blvd And Veterans Pkwy

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    214,450 SF
    Class
    A

    Spaces For Lease

    at 0 Town Ctr Blvd And Veterans Pkwy, Jeffersonville, IN 47130 Contact us

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    Listing Contact
    Ryan Pennington
    Ryan Pennington

    Listing Agent: Ryan Pennington

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    A 214,450 sq ft Class A power center on 160 acres in Jeffersonville, IN, offers multiple tenancy options, ranging from 2,240 to 200,000 contiguous sq ft. Currently fully vacant, this exceptional property boasts a strategic location at Town Center Blvd and Veterans Parkway, with easy access to I-65 and US 31. Zoned PUD & C-2, it features retail, restaurant, office, and medical space, catering to a large trade area exceeding 400,000 people. The property includes small shop spaces and outparcels available. This development benefits from its location on the new Veterans Parkway retail corridor, providing unmatched visibility and accessibility. The Jeffersonville Town Center is ideally situated to serve the 60,000+ residents of Jeffersonville and the broader Southern Indiana market. The site's design incorporates both the Town Center and The Marketplace, creating a dynamic and diverse retail environment. This presents a unique opportunity to establish a significant presence in a rapidly growing market. The Clark County location, with APN 10-21-03-300-089.000-009, offers exceptional potential for investors seeking high-impact commercial real estate. The property's size and diverse offerings make it suitable for a variety of uses and development strategies.
    Property Profile Location Intelligence

    Current Use by Public Records

    Power centers

    Map

    City
    Jeffersonville
    County
    Clark
    State
    Indiana
    Longitude
    -85.74642807
    Latitude
    38.32898985

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    FAQs

    What type of property is this?
    Power center - Prime Retail & Office Space, Southern Indiana
    Where is this power center located?
    The property is located at Town Ctr Blvd And Veterans Pkwy Jeffersonville, IN.
    What are key features of this property?
    This property features: 214,450 SF Class A power center on 160 acres in Jeffersonville, IN.; Strategically located at Town Center Blvd and Veterans Parkway, with easy I-65 and US 31 access.; Excellent visibility and accessibility on the new Veterans Parkway retail corridor.
    (502) 694-0070 Call to check price and availability
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    Town Ctr Blvd And Veterans Pkwy Jeffersonville, IN 47130
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Town Ctr Blvd And Veterans Pkwy Jeffersonville, IN 47130
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    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Pennington
    Ryan Pennington
    Real Estate License ID: 14032890
    (502) 694-0070 (317) 443-0951 (502) 694-0079
    Learn more
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