This exceptional Class A commercial property, located at 434 Patrol Rd, Jeffersonville, IN 47130, offers 1,776 square feet of vacant space in a two-building complex situated within the thriving River Ridge Commerce Center. Built in 2015, this property boasts a 25,000 square foot lot and features a single elevator, 200-400 AMP 3-phase power, and is zoned for commercial use. The space is ideal for a variety of uses, including traditional office, executive office, medical office, or storefront retail, making it a versatile option for businesses seeking a high-visibility location. The property is part of a larger development that includes established tenants such as New Washington State Bank, Centra Credit Union, Southern Indiana Rehab Hospital, Subway, Coffee Crossing, and D'Sol Optical, ensuring a strong existing customer base and high foot traffic. Located within the 6,000-acre River Ridge Commerce Center, this property benefits from excellent access to major highways, including I-265, I-65, I-64, and I-75, as well as the East-End Bridge, providing convenient access for employees and customers. The property's location on Patrol Road, an internal road within the commerce center, offers easy access and high visibility, with approximately 40,000 vehicles passing daily on Highway 62. The Clark County location (APN: 10-42-03-700-182.000-039) provides a strategic advantage within the rapidly growing River Ridge Commerce Center, which currently employs over 11,000 people. This presents a unique opportunity to establish a business within a dynamic and expanding industrial complex. The second-floor space is particularly well-suited for medical and office uses.
Property Features for 434 Patrol Rd
General Information
Property type
Individual retail properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
1,776 SF
Class
A
Building Details
Year Built
2015
Buildings
2
Unit(s) available at that property
Space
Suite: 230
Size
1,776 SF
Space
430 Patrol Road
Size
2,886 SF
HighLights
1,568 SF of exclusive usable space, totaling 1,776 SF of rentable space including common areas.
High‑quality tenant mix including Crossover Health (Amazon's Private Healthcare), Ritual Salon (AVEDA), and Allen Family Dental.
Secure building with access controls and 2nd‑floor security cameras.
Philippe Bautista, DMDPediatric DentistEVELYN ROSE VON ...Family Practice PhysicianIndiana Crossover JeffersonvilleMedical ClinicStephanie Jenkins AllenDentistCATHERINE E. VANARSDALLNurse Practitioner
Individual retail property - Prime Jeffersonville, IN office/retail space.
Where is this individual retail property located?
The property is located at 434 Patrol Rd Jeffersonville, IN.
What are key features of this property?
This property features: 1,568 SF of exclusive usable space, totaling 1,776 SF of rentable space including common areas.; High-quality tenant mix including Crossover Health (Amazon's Private Healthcare), Ritual Salon (AVEDA), and Allen Family Dental.; Secure building with access controls and 2nd-floor security cameras.
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434 Patrol Rd 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.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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434 Patrol Rd Jeffersonville, IN 47130
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434 Patrol Rd, Jeffersonville, IN
Ryan Pennington
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Ryan Pennington
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