Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    510 Spring St Jeffersonville, IN 47130
    Back to Search
    Property profile & analytics

    510 Spring St Jeffersonville, IN 47130

    View on Map
    • Office Spaces
    • 13,801 SF
    • 1.00 lot acres
    For Sale
    $18
    View Listing →
    Jeffersonville Commercial Space - Build to Suit For Sale
    $18

    Jeffersonville Commercial Space - Build to Suit

    Prime Jeffersonville location, 13,801 sq ft, build-to-suit available.

    510 Spring St, Jeffersonville, IN 47130
    View Listing
    Property ID
    US31-1932458
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elizabeth Smoot / Physician
    • Anna Reyes-Crawhorn / Physician
    • Audra Summers / Physician
    • Jennifer Parr / Physician
    • Mary Mcandrews / Physician

    Property Details for 510 Spring St

    Year built
    1940
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.00 lot acres
    Property size
    13,801 SF
    Property type
    Office Spaces
    APN
    10-19-00-101-450.000-010
    APU
    101900101450000010

    Description

    This exceptional 13,801-square-foot commercial property at 510 Spring Street in Jeffersonville, Indiana, presents a unique investment opportunity. Built in 1970, this two-story building features a single tenancy and is situated on one acre of land. The property includes an elevator and boasts a prime location in a historic district, potentially qualifying for tax credits. Located minutes from downtown Jeffersonville and the riverfront, it offers easy access to the vibrant restaurant and retail scene. A short 10-minute drive takes you to Louisville's NULU and Butchertown neighborhoods. The building's frontage benefits from a city-maintained park. The seller is open to build-to-suit options, and additional parcels behind the building may be included in the sale. Architectural plans for a potential Airbnb conversion are also available. The CD zoning allows for diverse uses, including retail, restaurant, office, medical, or even high-end boutique apartments. This property combines historic charm with significant potential for a variety of commercial ventures. The property's APN is 13,801.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,125,000
      Market price range: $676k - $1.97M
      AI Estimate
      $1,045,000
      Market price range: $438k - $1.93M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jeffersonville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7425
    Latitude
    38.275
    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
    $21,317
    $189,700
    $534,700
    $724,400
    -
    $189,700
    $534,700
    $724,400

    Comparable in this City

    • Value Estimation by Request
      1,342 SF

      321 Market St

      Office 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

      Prime Retail Site For Sale

      1.0 acre site ideal for retail, medical, or office.
      10Th St, Jeffersonville, IN 47130
      View Details
    • Contact for pricing

      Jeffersonville Commercial Land For Sale

      1.0 acre site ideal for retail, medical, or office.
      Holmans Ln, Jeffersonville, IN 47130
      View Details
    • Contact for pricing

      Land Ideal for Retail/Office

      Land suitable for retail, medical, or office development.
      2916 Peach Blossom Dr, Jeffersonville, IN 47130
      View Details
    • $475,000
      10,914 SF

      Jeffersonville Office Space For Lease

      Office suite with reception, offices, and conference room available.
      3008 Middle Rd, Jeffersonville, IN 47130
      View Details
    • $385,000

      Jeffersonville Commercial Building For Sale

      Freestanding building suitable for retail, office, or investment.
      1302 E 10Th St, Jeffersonville, IN 47130
      View Details
    • Contact for pricing
      13,476 SF

      Class A Office Building

      Freestanding Jeffersonville office building with usable lower level.
      903 Spring St, Jeffersonville, IN 47130
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Jeffersonville Retail/Office/Medical Space Available

      Flexible space in Jefferson Centre, ideal for various businesses.
      2781 Jefferson Centre Way, Jeff, IN 47130
      View Details
    • Contact for pricing

      Retail Center on E. 10th

      Retail center on growing corridor, ideal for various businesses.
      2903 E 10Th St, Jeffersonville, IN 47130
      View Details
    • Contact for pricing
      1,120 SF

      Jeffersonville Office Space For Rent

      Office space for rent with convenient highway access.
      1730-1740 Williamsburg Dr, 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
    • Contact for pricing
      259,800 SF

      Jeffersonville Warehouse and Office Space

      259,800± SF warehouse with office space for lease.
      225 Lewman Way, Jeffersonville, IN 47130
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      Located near government building, suitable for office, retail, or medical.
      228 E Court Ave, Jeffersonville, IN 47130
      View Details
    View Listing
    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.
    510 Spring St
    Jeffersonville, IN 47130
    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

    Thank You for Inquiry
    510 Spring St, Jeffersonville, IN, 47130
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!