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    1020 Veterans Pkwy Clarksville, IN 47129
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    1020 Veterans Pkwy Clarksville, IN 47129

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    • Lifestyle centers
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1020 Veterans Pkwy

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity is situated at 1020 Veterans Pkwy in Clarksville, Indiana, within Clark County (zip code 47129). The property is a multi-tenant shopping center offering various sized spaces for lease. Its prime location places it within Southern Indiana's top trade area, ensuring high visibility and foot traffic. The center boasts a strong tenant mix, including established businesses such as Michael's, Ross, PetSmart, Panera Bread, and Pizza Hut, creating a synergistic environment and attracting a diverse customer base. This established shopping center provides an ideal setting for businesses seeking a thriving retail environment with significant consumer traffic. The property is categorized as retail, specifically a multi-tenant shopping center, offering a flexible and convenient space for various retail operations. Interested parties are encouraged to inquire about available space and lease terms. The property's address is easily accessible and benefits from excellent visibility along Veterans Parkway. This is a rare opportunity to establish or expand your business in a high-demand retail location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7666
    Latitude
    38.3245

    Comparable in this City

    • Value Estimation
      $540,000
      20,154 SF

      1401 Veterans Pkwy

      SHOPPING CENTER, STRIP CENTER • 20,154 SF
      1401 Veterans Pkwy, Clarksville, IN 47129-8724
      View Details
    • Value Estimation
      $600,000
      23,904 SF

      1440 Veterans Pkwy

      SHOPPING CENTER, STRIP CENTER • 23,904 SF
      1440 Veterans Pkwy, Clarksville, IN 47129-8708
      View Details
    • Value Estimation
      $880,000
      13,885 SF

      1420 Eastern Blvd

      SHOPPING CENTER, STRIP CENTER • 13,885 SF
      1420 Eastern Blvd, Clarksville, IN 47129-1706
      View Details
    • Value Estimation by Request
      5,400 SF

      634 Eastern Blvd

      SHOPPING CENTER, STRIP CENTER • 5,400 SF
      634 Eastern Blvd, Clarksville, IN 47129-2465
      View Details
    • Value Estimation
      $670,000
      32,850 SF

      1170 Lewis And Clark Pkwy

      SHOPPING CENTER, STRIP CENTER • 32,850 SF
      1170 Lewis And Clark Pkwy, Clarksville, IN 47129-7735
      View Details
    • Value Estimation
      $735,000
      47,873 SF

      700 Eastern Blvd

      SHOPPING CENTER, STRIP CENTER • 47,873 SF
      700 Eastern Blvd, Clarksville, IN 47129-2339
      View Details

    Similar Nearby for Sale

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      Enclosed Mall Space For Rent

      Enclosed mall space available for lease in southern Indiana.
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    • $15 SF/Yr

      Retail Space Near Interstate I-65

      Retail spaces with high visibility and easy interstate access.
      1401 Veterans Pkwy, Clarksville, IN 47129
      View Details
    • $16 SF/Yr
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      Prime Restaurant Space on Broadway

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      Redevelopment Opportunity Near I-65

      6,356 SF property suitable for redevelopment or expansion.
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      Office, Medical, Retail Space Available

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      Retail Space Available For Rent

      Retail space available, offering 2,175 SqFt.
      1440 Veterans Pkwy, Clarksville, IN 47129
      View Details
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    Clarksville, IN 47129
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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
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