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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1701 Charlestown New Albany Rd Jeffersonville, IN 47130-9709

    • Commercial real estate
    • 3,000 SF
    • 0.41 lot acres
    OFF-MARKET
    Last Sale
    May 09, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1536501
    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.

    Current Use by Public Records

    • Evolve Training / Gym & Fitness Center

    Property Details for 1701 Charlestown New Albany Rd

    Year built
    1996
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.41 lot acres
    Property size
    3,000 SF
    Property type
    Commercial real estate
    APN
    10-21-03-300-074.000-009
    APU
    102103300074000009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jeffersonville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7427
    Latitude
    38.3253
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,200
    $166,300
    $161,800
    $328,100
    -
    $166,300
    $161,800
    $328,100

    Comparable in this City

    • Value Estimation by Request
      1.10 Acres

      2916 Peach Blossom Dr

      Individual retail properties • 1.10 Acres
      2916 Peach Blossom Dr, Jeffersonville, IN 47130
      View Details
    • Value Estimation by Request
      0.11 Acres

      422 Meigs Ave

      COMMERCIAL (GENERAL) • 0.11 Acres
      422 Meigs Ave, Jeffersonville, IN 47130-3950
      View Details
    • Value Estimation by Request

      2900 Middle Rd

      COMMERCIAL (GENERAL)
      2900 Middle Rd, Jeffersonville, IN 47130-5191
      View Details
    • Value Estimation by Request
      960 SF

      125 Market St

      COMMERCIAL (GENERAL) • 960 SF
      125 Market St, Jeffersonville, IN 47130-3305
      View Details
    • Value Estimation by Request
      1,232 SF

      830 Meigs Ave

      COMMERCIAL (GENERAL) • 1,232 SF
      830 Meigs Ave, Jeffersonville, IN 47130
      View Details
    • Value Estimation
      $1,030,000
      7,200 SF

      1403 Spg St

      COMMERCIAL (GENERAL) • 7,200 SF
      1403 Spg St, Jeffersonville, IN 47130-3736
      View Details

    Similar Nearby for Sale

    • $625,000
      2.63 Acres

      Prime Commercial Land, Jeffersonville, IN

      2.63 Acres, C-1 Zoning, High Visibility
      4218 Helen Rd, Jeffersonville, IN 47130
      View Details
    • $1,225,000
      1.97 Acres

      Jeffersonville Commercial Land

      Prime 1.97-acre C-2 zoned lot. High-traffic location.
      5801 In-62, Jeffersonville, IN 47130
      View Details
    • $4,000,000
      16.00 Acres

      Jeffersonville Industrial Property - River Access

      Large industrial building, river access, motivated seller.
      5821 Utica Pike, Jeffersonville, IN 47130
      View Details
    • $349,900
      1.18 Acres

      Jeffersonville Commercial Land

      1.18-Acre C2 Zoned Lot, Prime Location
      0 Peach Blossom Dr, Jeffersonville, IN 47130
      View Details
    • $1,000,000
      4.62 Acres

      Jeffersonville Commercial Land Investment

      Prime 4.62-acre commercial lot near River Ridge.
      1415 Old Salem Rd, Jeffersonville, IN 47130
      View Details
    • $3,000,000
      3.00 Acres

      Hwy 62 Commercial Land, Jeffersonville

      3-Acre Development Site, High Traffic
      5201 In-62, Jeffersonville, IN 47130
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      8,435 SF

      Jeffersonville Retail Center Investment

      Prime Retail Space, 5 Suites Available
      2781 Jefferson Centre Way, Jeffersonville, IN 47130
      View Details
    • $14 SF/Yr
      18,955 SF

      Jeffersonville Retail Center Opportunity

      Prime Retail Space, Flexible Layouts, High Visibility
      2781 Jefferson Centre Way, Jeffersonville, IN 47130
      View Details
    • $24 SF/Yr
      1,342 SF

      Jeffersonville Office Space - Historic Charm

      Historic Downtown Office, 1342 sq ft, 8 parking spaces.
      321 Market St, Jeffersonville, IN 47130
      View Details
    • Contact for pricing
      4,320 SF

      Jeffersonville Industrial Flex Space

      4,320 SF Flex Space, Prime Location
      3730 Utica-Sellersburg Rd, Jeffersonville, IN 47130
      View Details
    • $1,600 /Mo
      1,450 SF

      Downtown Jeffersonville Retail/Office Space

      Thriving downtown location with utilities included.
      316 E Court Ave, Jeffersonville, IN 47130
      View Details
    • $5,205 /Mo
      2,380 SF

      Versatile Space on Veterans Parkway

      Sub-lease opportunity suitable for office, restaurant, or retail use.
      1370 Veterans Pkwy, Clarksville, IN 47130
      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.
    1701 Charlestown New Albany Rd
    Jeffersonville, IN 47130-9709
    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.

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.