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

    2123 Veterans Pkwy Jeffersonville, IN 47130-7141

    • Office Properties & Spaces
    • 9,744 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimations
    $1,390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2827578
    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

    • Bryan Jackson - State Farm Insurance Agent / Insurance Agency
    • Aristocrat Title / Title Company
    • Bill Burns Realtor / Real Estate Agency
    • RE/MAX FIRST Bart Medlock / Real Estate Agency
    • The Reed Estate Group @ RE/MAX FIRST / Real Estate Agency

    Property Details for 2123 Veterans Pkwy

    Year built
    2014
    Construction
    WOOD
    Lot size
    0.97 lot acres
    Property size
    9,744 SF
    Property type
    Office Properties & Spaces
    APN
    10-21-03-300-687.000-009
    APU
    102103300687000009

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,535,000
      6.5%
      $1,420,000
      7%
      $1,320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,390,000
      Market price range: $477k - $1.39M
      AI Estimate
      $1,364,000
      Market price range: $309k - $1.36M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jeffersonville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7377
    Latitude
    38.3288
    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
    $26,987
    $197,900
    $804,800
    $1,002,700
    -
    $197,900
    $804,800
    $1,002,700

    Comparable in this City

    • Value Estimation by Request
      1,342 SF

      321 Market St

      Office Properties & Spaces • 1,342 SF
      321 Market St, Jeffersonville, IN 47130
      View Details
    • Value Estimation
      $7,825,000
      54,822 SF

      702 Shr Dr

      OFFICE (GENERAL) • 54,822 SF
      702 Shr Dr, Jeffersonville, IN 47130-3104
      View Details
    • Value Estimation by Request
      1,486 SF

      2000-2002- Paddle Wheel Ct

      OFFICE (GENERAL) • 1,486 SF
      2000-2002- Paddle Wheel Ct, Jeffersonville, IN 47130
      View Details
    • Value Estimation by Request
      1,377 SF

      1201 Harmony Ln

      OFFICE (GENERAL) • 1,377 SF
      1201 Harmony Ln, Jeffersonville, IN 47130-6296
      View Details
    • Value Estimation
      $11,285,000
      79,039 SF

      1 Heartland Way

      OFFICE (GENERAL) • 79,039 SF
      1 Heartland Way, Jeffersonville, IN 47130-5870
      View Details
    • Value Estimation
      $540,000
      6,090 SF

      315 Illinois Ave

      OFFICE (GENERAL) • 6,090 SF
      315 Illinois Ave, Jeffersonville, IN 47130
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,342 SF

      Downtown Jeffersonville Office Space

      Prime Office, Event Space, Great Location
      321 Market St, Jeffersonville, IN 47130
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    • Contact for pricing
      2,000 SF

      Jeffersonville Office Space - Downtown

      Renovated Office, Prime Location, All Utilities Included
      360 Spring St, Jeffersonville, IN 47130
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      4,000 SF

      Jeffersonville Office Space - Downtown

      Prime Downtown Jeffersonville Office, 4000 sqft
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    • $3,000,000
      1.17 Acres

      Jeffersonville Gateway Commercial Lots

      Prime IN land, retail & office potential
      10th St & Spg St, Jeffersonville, IN 47130
      View Details
    • $475,000
      11,052 SF

      Jeffersonville Executive Office Building

      11,052 SF Office Building, $475,000
      3008 Middle Rd, Jeffersonville, IN 47130
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    • $1,500,000
      2,550 SF

      Jeffersonville Land with Commercial Potential

      Centrally located land with commercial development potential in Jeffersonville, IN.
      2112 Hamburg Pike, Jeffersonville, IN 47130
      View Details

    Similar Nearby for Lease

    • $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
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    • Contact for pricing
      214,450 SF

      Jeffersonville Town Center Investment

      Prime Retail & Office Space, Southern Indiana
      0 Town Ctr Blvd And Veterans Pkwy, 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
    • $3 SF/Yr
      204 SF

      Downtown Jeffersonville Office Space Available

      Office space with event space near walking bridge, restaurants, shopping.
      321 Market St E, Jeffersonville, IN 47130
      View Details
    • $3,700 /Mo
      3,000 SF

      Downtown Jeffersonville Office Space

      Office space in the heart of Downtown Jeffersonville.
      431 E Court Ave, Jeffersonville, IN 47130
      View Details
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    2123 Veterans Pkwy
    Jeffersonville, IN 47130-7141
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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.

    More about this property
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