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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Office Spaces
129 Ct Ave, Jeffersonville, IN 47130-3460
Entity Owned
2-yr Hold
Free & Clear
Property ID
US31-2049064
Property summary
AI-generated overview
This exceptional commercial property, located at 129 W Court Ave in Jeffersonville, Indiana, presents a unique investment opportunity. Priced at $575,000, this retail space totals 5,216 square feet and comprises two buildings, each one story, built in 1926. The property sits on a highly visible location, offering excellent street-side seating and is within sight of I-65 exit 0, providing easy access and high visibility. Currently occupied by Adrienne & Co. Bakery Cafe, the property benefits from a strong existing tenant. The address encompasses 125, 127, and 129 W Court Ave, with the potential for a new owner to separate 125 W Court Ave for independent use or leasing. This versatile property is zoned CD: Commercial Downtown and is situated within the Jeffersonville Urban Enterprise Zone. The asking price of $575,000 ($110.24 per square foot) is for the real estate only
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1800
Construction
CONCRETE
Total area
9,115 SF
Lot
0.21 ac (8,950 SF)
APN
10-19-00-101-451.000-010
UPID
US31-2049064
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Adrienne and Company Bakery Specialty Food Shop
-
Ogle Foundation Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$839k
Blend (final)
Blend
$810k
Owner & transaction history
Paul Ogle Foundation INC · 2 yrs held
Paul Ogle Foundation INC
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jeffersonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jeffersonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$810k
Range $729k – $891k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$89 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1800
Construction
CONCRETE
Heating
NONE
Stories
3
Total area
9,115 SF
Lot
0.21 ac (8,950 SF)
APN
10-19-00-101-451.000-010
UPID
US31-2049064
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1800
Construction
CONCRETE
Heating
NONE
Stories
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
Paul Ogle Foundation INC
Entity
Free & Clear · 2 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2023
—
Paul Ogle Foundation INC
Jeffersonville Carnegie Library Fou
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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