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Property profile

1200 Madison St Clarksville, IN 47129

OFF-MARKET
Office Spaces
Property ID
US31-2224195
24,128 SF 1.76 ac lot Built 1993
Entity Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This single-story, 11,526-square-foot Class B office building at 1200 Madison Street in Clarksville, Indiana, offers flexible space ideal for various uses. Currently, the entire 11,526 square feet is available for lease, divisible into two suites: one of 5,326 square feet and another of 6,200 square feet (which can be combined). The property, built in 1993, features a new roof and new pavement, and is situated on a convenient location between Veterans Parkway and Lewis/Clark Parkway, providing easy access to I-65 and downtown Louisville. The building boasts all-brick construction and two entry points. Zoned B2, this property is suitable for medical, coworking, executive, creative, or traditional office tenants. The property features a total of two suites. The minimum leasable space is 5,326 square feet, while the maximum contiguous space is 11,526 square feet. The building's APN is 10-24-03-200-092.000-013. Landlord is responsible for roof maintenance. Price is "as-is".

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1993
Construction WOOD
Total area 24,128 SF
Lot 1.76 ac (76,560 SF)
APN 10-24-03-200-092.000-013
UPID US31-2224195

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$525k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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