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

    406 Evergreen Dr Clarksville, IN 47129-1910

    • Office Properties & Spaces
    • 1,647 SF
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2176322
    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

    • Office Properties & Spaces

    Property Details for 406 Evergreen Dr

    Year built
    1926
    Construction
    WOOD
    Lot size
    0.42 lot acres
    Property size
    1,647 SF
    Property type
    Office Properties & Spaces
    APN
    10-14-01-800-881.000-012
    APU
    101401800881000012

    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
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7647
    Latitude
    38.3042
    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
    $5,856
    $130,600
    $64,600
    $195,200
    -
    $130,600
    $64,600
    $195,200

    Comparable in this City

    • Value Estimation by Request
      1,276 SF

      410 Owens Way

      OFFICE (GENERAL) • 1,276 SF
      410 Owens Way, Clarksville, IN 47129-8300
      View Details
    • Value Estimation by Request
      4,410 SF

      220 Potters Ln

      OFFICE (GENERAL) • 4,410 SF
      220 Potters Ln, Clarksville, IN 47129-1020
      View Details
    • Value Estimation by Request
      360 SF

      1020 Sames Rd

      OFFICE (GENERAL) • 360 SF
      1020 Sames Rd, Clarksville, IN 47129-1651
      View Details
    • Value Estimation
      $1,255,000
      33,302 SF

      1732 Thames Dr

      OFFICE (GENERAL) • 33,302 SF
      1732 Thames Dr, Clarksville, IN 47129-2004
      View Details
    • Value Estimation by Request
      8,652 SF

      1450-1452 Vaxter Ave

      OFFICE (GENERAL) • 8,652 SF
      1450-1452 Vaxter Ave, Clarksville, IN 47129
      View Details
    • Value Estimation by Request
      308 SF

      150 Bell Ave

      OFFICE (GENERAL) • 308 SF
      150 Bell Ave, Clarksville, IN 47129-1850
      View Details

    Similar Nearby for Sale

    • $900,000
      16,000 SF

      Executive Office Building, Clarksville IN

      Prime Clarksville Office, 16,000 SF
      1630 Broadway St, 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
    • $199,900
      0.11 Acres

      Clarksville Office Building - Great Visibility

      High-traffic location, lease options available.
      525 Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • $800,000
      21,000 SF

      Multi-Tenant Building with Gymnasium

      Two-story office complex with a gymnasium, formerly a school.
      230 E Montgomery Ave, Clarksville, IN 47129
      View Details
    • $650,000
      5,625 SF

      Clarksville Commercial Property with Parking

      B-1 Zoned commercial property with ample parking and accessibility.
      412 Hale Rd, Clarksville, IN 47129
      View Details
    • $2,232,150
      4.46 Acres

      Clarksville Medical Investment Opportunity

      High-visibility medical plaza, prime location.
      Medical Plaza Way, Clarksville, IN 47129
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      12,240 SF

      Clarksville Retail Space Available

      Prime Clarksville location, two suites available.
      711 Lewis And Clark Pkwy, Clarksville, IN 47129
      View Details
    • $1.57 SF/Yr
      20,997 SF

      Ohio Falls Office Complex: Clarksville, IN

      Historic Clarksville Office Building, Multiple Suites Available
      230 Montgomery Ave, 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
    • $12 SF/Yr
      11,526 SF

      Clarksville Office Suites For Lease

      Office suites available for lease in Clarksville, Indiana.
      1200 Madison St, Clarksville, IN 47129
      View Details
    • $12 SF/Yr
      11,526 SF

      Madison Street Office Complex

      Clarksville, IN Office Suites Available
      1200 Madison St, Clarksville, IN 47129
      View Details
    • $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
    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.
    406 Evergreen Dr
    Clarksville, IN 47129-1910
    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.