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Property profile & analytics
FOR LEASE
Strip malls
1370 Veterans Pkwy Clarksville, IN 47129
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2281088
For Lease
1 / 9
Contact for pricing
1370 Veterans Pkwy, Clarksville, IN 47129
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Property summary
AI-generated overview
This single-tenant, 2,380-square-foot commercial property in Clarksville, Indiana, is available for sublease. Located at 1370 Veterans Parkway, near Veterans Parkway and I-65, this Class B building offers high visibility and ample parking. The property features a recently upgraded HVAC system and includes dedicated office and supply rooms. Zoned VPCZ, it's suitable for retail, office, or restaurant uses (with a non-compete clause for Asian cuisine by Kansai). The monthly rent is $3,500, plus a $400 CAM fee, and all utilities are the tenant's responsibility. A $2,500 transfer fee is required for new tenants. The property is a single-story building with electric power, but no elevators. Annual property taxes are $652 per square foot. This prime location offers excellent exposure and foot traffic, making it an ideal opportunity for a variety of businesses. The space is perfect for a business seeking a well-maintained, conveniently located commercial space with ample parking and high visibility.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
TYPE NOT SPECIFIED
Total area
39,900 SF
Lot
3.2 ac (139,609 SF)
APN
10-14-03-300-540.000-011
UPID
US31-2281088
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Jpmcc 2007 Cibc19 Retail 1370 LLC · 12 yrs held
Jpmcc 2007 Cibc19 Retail 1370 LLC
since 2014
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 Clarksville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clarksville 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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$875,000
Current use
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$18 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$126,885
Tax year 2023
Assessed value
$4,229,500
Assessed 2023
Previous assessed
$4,229,500
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$2,083,300
Assessed improvement
$2,146,200
Land market value
$2,083,300
Improvement market value
$2,146,200
Total market value
$4,229,500
Applied tax rate
14.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
39,900 SF
Lot
3.2 ac (139,609 SF)
APN
10-14-03-300-540.000-011
UPID
US31-2281088
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
3.2 ac
Current owner
From public records · entity-resolved
Jpmcc 2007 Cibc19 Retail 1370 LLC
Entity
Free & Clear · 12 yrs held
Mailing address
10689 N PENNSYLVANIA STSTE100, CARMEL, IN 46280-1070
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Aug 12, 2014
$8,613,112
Jpmcc 2007 Cibc19 Retail 1370 LLC
Daniel Rodden
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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