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    1003 Watt St Jeffersonville, IN 47130
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    1003 Watt St Jeffersonville, IN 47130

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    • Commercial land
    For Sale
    $600,000
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    Jeffersonville Commercial Land For Sale For Sale
    $600,000
    0.75 Acres

    Jeffersonville Commercial Land For Sale

    0.75 acre commercial land in downtown Jeffersonville.

    1003 Watt St, Jeffersonville, IN 47130
    View Listing
    Property ID
    US31-1554575
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1003 Watt St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Commercial land totaling 0.75 acres at the corner of 10th Street and Watt Street in downtown Jeffersonville. The lot has prime visibility and frontage on 10th Street. Located in a high traffic corridor less than 0.2 miles from Baptist Clark Memorial Hospital and the I-65 interchange. This lot sits inside Jeffersonville's IRED TIF district as well as an urban enterprise zone. The area has experienced significant growth with several new retail, restaurant, hospitality and multi-family projects in the surrounding area under construction or recently completed. Ideal for Net Lease developer or end user. Will sell, lease or build-to-suit.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jeffersonville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7416204
    Latitude
    38.2817306

    Comparable in this City

    • Contact for pricing

      Prime Retail Site For Sale

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      11,380 SF

      Prime Corner Land For Development

      Approximately 3 acres at a busy, signalized intersection.
      5201 In-62, Jeffersonville, IN 47130
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      Land Near River Ridge Development

      Land frontage across I-265 near River Ridge Commerce Center.
      1415 Old Salem Rd, Jeffersonville, IN 47130
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      Vacant Land Near Walking Bridge

      Vacant land zoned commercial near downtown, hotel, and event center.
      300 Maple & Mulberry, Watson, IN 47130
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      Land Parcel For Sale

      Commercial land parcel available for sale or build to suit.
      Veterans Pkwy, Jeffersonville, IN 47130
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      Retail Development Land For Sale

      1.2 acre retail development land in high-growth corridor.
      3211 E 10Th St, Jeffersonville, IN 47130
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    Similar Nearby for Sale

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      Prime Retail Site For Sale

      1.0 acre site ideal for retail, medical, or office.
      10Th St, Jeffersonville, IN 47130
      View Details
    • Contact for pricing
      11,380 SF

      Prime Corner Land For Development

      Approximately 3 acres at a busy, signalized intersection.
      5201 In-62, Jeffersonville, IN 47130
      View Details
    • Contact for pricing

      Land Near River Ridge Development

      Land frontage across I-265 near River Ridge Commerce Center.
      1415 Old Salem Rd, Jeffersonville, IN 47130
      View Details
    • Contact for pricing

      Vacant Land Near Walking Bridge

      Vacant land zoned commercial near downtown, hotel, and event center.
      300 Maple & Mulberry, Watson, IN 47130
      View Details
    • Contact for pricing

      Land Parcel For Sale

      Commercial land parcel available for sale or build to suit.
      Veterans Pkwy, Jeffersonville, IN 47130
      View Details
    • Contact for pricing

      Retail Development Land For Sale

      1.2 acre retail development land in high-growth corridor.
      3211 E 10Th St, Jeffersonville, IN 47130
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    Similar Nearby for Lease

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      Jeffersonville Commercial Land For Lease

      1.0 acre site with excellent visibility and access.
      10Th St, Jeffersonville, IN 47130
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      Prime Real Estate Opportunity

      160-acre commercial site with unmatched access and visibility.
      Town Ctr Blvd And Veterans Pkwy, Jeffersonville, IN 47130
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      Vacant Land at Signalized Intersection

      Vacant land available for lease or build-to-suit at intersection.
      10th St And Vissing Park Rd, Jeffersonville, IN 47130
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      Legacy Shoppes Leasing Opportunity

      Leasing opportunity in revitalized Jeffersonville retail hub.
      1439 E 10Th St, Jeffersonville, IN 47130
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      Jeffersonville Bank Building with Drive-Thru

      8,094 SF bank building with drive-thru for lease.
      2501 Allison Ln, Jeffersonville, IN 47130
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      1,891 SF

      Jeffersonville Restaurant Space with Drive-Thru

      Former KFC with drive-thru available for lease in Jeffersonville.
      1426 E 10Th St, Jeffersonville, IN 47130
      View Details
    View Listing
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    1003 Watt St
    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.

    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.

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