Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Corner Land For Development Title is generated by Realmo AI

    5201 IN-62, Jeffersonville, IN 47130

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Approximately 3 acres at a busy, signalized intersection.

    Type:Land, Retail
    Property size:
    11,380 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $263/SF
    Added:
    Aug 27, 2019
    Days on Market:
    2474
    Last Refresh:
    May 19 at 8:34 pm

    Property Features for 5201 IN-62

    General Information

    Standard status
    Active
    Size
    11,380 SF
    Lot size
    3.00 Acres
    Property subtype
    Land, Retail

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Jim Baker, SIOR, CCIM

    Listing agent Jim Baker, SIOR, CCIM License #IN RB14028328

    Listing office Baker commercial real estate

    Listing date Aug 27, 2019

    Source Crexi

    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 Baker commercial real estate

    HighLights

    • Prime corner location at the intersection of Hwy 62 and Utica‑Sellersburg Road.
    • High traffic volume on Hwy 62 (30,000+ vehicles per day).
    • Development potential due to signalized interchange and proximity to I‑265 and River Ridge Commerce Center.
    • Approximately 3 acres of land.
    • Two attached buildings with a total of 11,380 sq ft.
    • Building ceiling heights of 19'6" and 17'.

    Overview

    This property features approximately 3 acres situated at the northeast corner of Highway 62 and Utica-Sellersburg Road. Additional land on Highway 62 is also available. The site is positioned at a signalized interchange on a busy four-lane highway with a traffic count exceeding 30,000 vehicles per day. It is located within view of I-265 and in close proximity to the River Ridge Commerce Center, making it suitable for future development. The property includes two attached buildings constructed in 1985, with a total area of approximately 11,380 square feet. The larger building has a ceiling height of 19 feet 6 inches, while the smaller building reaches approximately 17 feet to the rafters. Traffic count and site demographic information are available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Jeffersonville
    County
    Clark
    State
    Indiana
    Longitude
    -85.6984
    Latitude
    38.3363

    Nearby Similar for Sale

    • $775,000
      2,550 SF

      Fenced Commercial Yard with Pole Barn

      2.54 acres with secure yard space in Jeffersonville, Indiana.
      2112 Hamburg Pike, Jeffersonville, IN 47130
      View Details
    • $285,000
      3,987 SF

      Jeffersonville Retail Building For Sale

      High-visibility retail building with showroom layout and recent updates.
      429 Spring Street, Jeffersonville, IN 47130
      View Details
    • $400,000

      Riverfront Land in Longview Beach

      Rare riverfront land parcel with scenic Ohio River views.
      5820 Upper River Road, Jeffersonville, IN 47130
      View Details
    • $400,000

      Riverfront Land Parcel in Jeffersonville

      Rare riverfront land with potential for dream home.
      5820 Upper River Road, Jeffersonville, IN 47130
      View Details
    • $1,200,000
      8,442 SF

      Jeffersonville Commercial Building For Sale

      8,442 SF building suitable for office, medical, or daycare.
      3416 Hamburg Pike, Jeffersonville, IN 47130
      View Details
    • $1,000,000
      13,506 SF

      Medical Facility Near Downtown

      Well-maintained medical facility with income potential near hospital.
      1701 Spring St, Jeffersonville, IN 47130
      View Details
    • $900,000
      1,326 SF

      Redevelopment Opportunity on Corner Lot

      Versatile property on a corner lot, ideal for redevelopment.
      1626 Spring Street, Jeffersonville, IN
      View Details
    • $550,000
      2,546 SF

      Commercial Building with Open Floorplan

      2,546 SF commercial building suitable for retail or office.
      1105 Roosevelt Dr, Jeffersonville, IN
      View Details
    • $285,000
      3,987 SF

      Retail Building with Showroom Layout

      High-visibility retail building with showroom layout and recent updates.
      429 Spring St, Jeffersonville, IN 47130
      View Details
    • $379,000
      2,665 SF

      Jeffersonville Retail Space For Lease

      Versatile retail space in Jeffersonville's commercial corridor.
      1708 E 10th St, Jeffersonville, IN
      View Details
    • Contact for pricing
      6,634 SF

      Downtown Jeffersonville Retail Opportunity

      Prime location in vibrant entertainment district with high foot traffic.
      115 W Chestnut Street, Jeffersonville, IN 47130
      View Details
    • $140,000

      Riverfront Land Opportunity in Jeffersonville

      Two lots with river frontage near East End Bridge.
      4805 & 4806 Upper River Road, Jeffersonville, IN 47130
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approximately 3 acres at a busy, signalized intersection.
    Where is this commercial land located?
    The property is located at 5201 IN-62 Jeffersonville, IN.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Prime corner location at the intersection of Hwy 62 and Utica‑Sellersburg Road.; High traffic volume on Hwy 62 (30,000+ vehicles per day).; Development potential due to signalized interchange and proximity to I‑265 and River Ridge Commerce Center.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jim Baker, SIOR, CCIM
    Real Estate License ID: IN RB14028328
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5201 IN-62, Jeffersonville, IN 47130
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!