Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    756 Lewis And Clark Pkwy Clarksville, IN 47129

    • Retail properties
    • 1.01 lot acres
    For Sale
    View listing
    $1,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 756 Lewis And Clark Pkwy

    Lot size
    1.01 lot acres
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This 1.01-acre outlot in Clarksville, Indiana, presents a unique investment opportunity. Available for sale, ground lease, or build-to-suit, this property boasts exceptional visibility and accessibility. Situated on Lewis & Clark Parkway, a major thoroughfare with nearly 20,000 vehicles per day, the outlot benefits from a signalized light for convenient access. Its strategic location directly across from Green Tree Mall and near I-65 ensures high traffic volume and strong regional draw. The property includes exclusive pylon signage opportunities. Currently, a Rally's restaurant operates on a lease, demonstrating existing commercial viability. The outlot's adjacency to a brand new WellNow Urgent Care further enhances its appeal and potential for synergistic business development. This is an ideal location for a quick-service restaurant or similar business seeking high visibility and a strong customer base in a thriving Southern Indiana market. The asking price is $1,100,000. The address is 756 E Lewis And Clark Parkway, Clarksville, IN 47129.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7632
    Latitude
    38.3133

    Comparable in this City

    • Value Estimation by Request

      756 Lewis And Clark Pkwy

      Restaurants
      756 Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • Value Estimation by Request
      2,722 SF

      1000 Woodstock Dr

      Restaurants • 2,722 SF
      1000 Woodstock Dr, Clarksville, IN 47129
      View Details
    • Value Estimation by Request
      9,543 SF

      1514 Blackiston Ml Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,543 SF
      1514 Blackiston Ml Rd, Clarksville, IN 47129-2250
      View Details
    • Value Estimation by Request
      4,810 SF

      900 Eastern Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,810 SF
      900 Eastern Blvd, Clarksville, IN 47129-1902
      View Details
    • Value Estimation by Request
      10,644 SF

      Eastern Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,644 SF
      Eastern Blvd, Clarksville, IN 47129
      View Details
    • Value Estimation by Request
      4,116 SF

      Potters Ln

      RETAIL STORES (PERSONAL SERVICES) • 4,116 SF
      Potters Ln, Clarksville, IN 47129
      View Details

    Similar Nearby for Sale

    • $1,100,000
      1.01 Acres

      Clarksville, IN QSR Outlot

      Prime QSR Outlot, High Traffic Area
      756 Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • $1,690,000
      6,132 SF

      Prime Clarksville Restaurant Space

      Outback Building - Sale/Lease Available
      1420 Park Pl, Clarksville, IN 47129
      View Details
    • $2,520,000
      3,500 SF

      WellNow Urgent Care For Sale

      Newly constructed WellNow Urgent Care in Clarksville, Indiana for sale.
      744 E Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • $1,752,000
      6,786 SF

      Green Tree Mall Outparcel Property

      Retail property with in-place NOI of $122,608 for sale.
      709 E Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • $299,000
      1,704 SF

      Clarksville Retail Space - Huge Potential

      Versatile commercial property with ample storage.
      2505 Lincoln Dr, Clarksville, IN 47129
      View Details
    • Contact for pricing
      1.75 Acres

      1.75 Acres Clarksville, IN Land

      Prime Southern Indiana commercial land. High-traffic location.
      4755 Us-31, Clarksville, IN 47129
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      12,240 SF

      Clarksville Retail Space Available

      Prime Clarksville location, two suites available.
      711 Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • $20 SF/Yr
      7,886 SF

      Prime Clarksville Retail Space

      3,200 SF End Cap Available
      650 Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • $15 SF/Yr
      20,154 SF

      Retail Space Near Interstate I-65

      Retail spaces with high visibility and easy interstate access.
      1401 Veterans Pkwy, Clarksville, IN 47129
      View Details
    • $12 SF/Yr
      25,034 SF

      Former Movie Theater Available

      Old movie theater ready for a new life.
      1601 Greentree Blvd, Clarksville, IN 47129
      View Details
    • Contact for pricing
      1,425 SF

      Veterans Crossing Retail Space

      Clarksville, IN: 1,425 SF Retail Space Available
      1225 Veterans Pkwy, Clarksville, IN 47129
      View Details
    • $20 SF/Yr
      8,000 SF

      Prime Clarksville Mixed-Use Space

      8,000 SF Retail/Office, 3,200 SF Available
      650 Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    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.
    756 Lewis And Clark Pkwy
    Clarksville, IN 47129
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.