Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    318 Lewis And Clark Pkwy Clarksville, IN 47129-1648

    • Turn key restaurants
    • 11,576 SF
    • 0.73 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2022
    $590,000
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1914875
    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

    • Turn key restaurants

    Property Details for 318 Lewis And Clark Pkwy

    Year built
    1926
    Construction
    WOOD
    Lot size
    0.73 lot acres
    Property size
    11,576 SF
    Property type
    Turn key restaurants
    APN
    10-14-01-801-421.000-012
    APU
    101401801421000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $555,000
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $556,000
      Market price range: $556k - $981k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $790,000
      Current use
      COMMERCIAL (GENERAL)
      $875,000
      Change: +11% Conversion: Easy
      MEDICAL BUILDING
      $800,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $725,000
      Change: -8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $655,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7768
    Latitude
    38.3052
    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
    $10,812
    $163,500
    $191,500
    $355,000
    -
    $163,500
    $191,500
    $355,000

    Comparable in this City

    • Value Estimation by Request
      4,714 SF

      1320 Veterans Pkwy

      RESTAURANT • 4,714 SF
      1320 Veterans Pkwy, Clarksville, IN 47129-7745
      View Details
    • Value Estimation by Request
      8,400 SF

      951 Lewis And Clark Pkwy

      RESTAURANT • 8,400 SF
      951 Lewis And Clark Pkwy, Clarksville, IN 47129-7400
      View Details
    • Value Estimation by Request
      10,232 SF

      1402 Cedar St

      RESTAURANT • 10,232 SF
      1402 Cedar St, Clarksville, IN 47129-7701
      View Details
    • Value Estimation by Request
      6,117 SF

      1101 Lewis And Clark Pkwy

      RESTAURANT • 6,117 SF
      1101 Lewis And Clark Pkwy, Clarksville, IN 47129-7736
      View Details
    • Value Estimation by Request
      7,960 SF

      940 Lewis And Clark Pkwy

      RESTAURANT • 7,960 SF
      940 Lewis And Clark Pkwy, Clarksville, IN 47129-2214
      View Details
    • Value Estimation by Request
      5,068 SF

      23425 Commeerce Park

      RESTAURANT • 5,068 SF
      23425 Commeerce Park, Clarksville, IN 47129
      View Details

    Similar Nearby for Sale

    • $1,100,000
      1.01 Acres

      Clarksville, IN QSR Outlot

      Prime QSR Outlot, High Traffic Area
      756 Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • $1,690,000
      6,132 SF

      Prime Clarksville Restaurant Space

      Outback Building - Sale/Lease Available
      1420 Park Pl, Clarksville, IN 47129
      View Details
    • $750,000

      Prime Clarksville BP Station

      High-profit gas station & convenience store
      600 Clark Blvd, Clarksville, IN 47129
      View Details
    • $995,000
      4.73 Acres

      High-Visibility Clarksville Retail Property

      Two Buildings, 4.73 Acres, I-65 Access
      1001 Highway 31, Clarksville, IN 47129
      View Details
    • $245,000
      0.42 Acres

      Clarksville Retail Space - Prime Location

      Updated Retail Space, Ample Parking, Great Visibility
      124 Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • Contact for pricing
      1.75 Acres

      1.75 Acres Clarksville, IN Land

      Prime Southern Indiana commercial land. High-traffic location.
      4755 Us-31, Clarksville, IN 47129
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      2,380 SF

      Clarksville Commercial Space

      Versatile 2,380 sq ft space, ideal for various uses.
      1370 Veterans Pkwy, Clarksville, IN 47129
      View Details
    • $16 SF/Yr
      6,132 SF

      Prime Restaurant Space on Broadway

      Turnkey Restaurant, High Visibility, 6,132 SF
      1420 Park Pl, Clarksville, IN 47129
      View Details
    • Contact for pricing
      43,996 SF

      Clarksville, IN Retail Outlot

      High-visibility 1-acre retail outlot.
      756 Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • Contact for pricing
      37,802 SF

      Green Tree Mall Retail Spaces

      Clarksville, IN: 13 Retail Spaces Available
      757 Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • $20 SF/Yr
      8,000 SF

      Prime Clarksville Mixed-Use Space

      8,000 SF Retail/Office, 3,200 SF Available
      650 Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • Contact for pricing
      25,034 SF

      Former Movie Theater Available

      Old movie theater ready for a new life.
      1601 Greentree Blvd, Clarksville, IN 47129
      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.
    318 Lewis And Clark Pkwy
    Clarksville, IN 47129-1648
    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.
    Sign Up Successful!
    You now have access to more from Realmo!