Technical
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Property profile

1440 Vaxter Ave Clarksville, IN 47129

OFF-MARKET
Turn key restaurants
Property ID
US31-1447642
6,810 SF 1.31 ac lot Built 1994
Entity Owned Free & Clear
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Property summary

AI-generated overview

This 6,810+/- SF casual dining restaurant building, formerly O’Charley’s, is situated on a 1.29+/- acre lot in Clark County. The structure was built in 1994 with a wood and concrete block frame and brick veneer siding. The property has approximately 215’ of road frontage along both Vaxter Ave (west) and Cedar St (east). Interior features include an entry area that leads to segmented dining spaces with varying floor elevations, a bar area, restrooms, and a commercial-grade kitchen with an attached cooler and freezer. Dining finishes include ceramic tile and carpet, fluorescent and incandescent lighting, and 9–10’ ceilings. The exterior includes a 38,890 SF asphalt parking lot with 113 parking spaces, landscaping, a pole sign visible from I-65 and Lewis & Clark Pkwy, and an additional pylon sign facing Vaxter Ave. Mechanical and life-safety features include roof-mounted natural gas self-contained furnaces with condensers, a 1,200 amp main breaker, a wet sprinkler system, and a security alarm; plumbing elements include two restrooms with 11 fixtures and multiple sinks, floor drains, and related kitchen/bar plumbing fixtures. The site provides a three-way liquor license to support restaurant use.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1994
Construction TYPE NOT SPECIFIED
Total area 6,810 SF
Lot 1.31 ac (57,120 SF)
APN 10-24-03-200-136.000-013
UPID US31-1447642

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1440 Vaxter Ave Clarksville, IN 47129-7721
Clarksville metro Census 50504 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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