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    525 Lewis And Clark Pkwy Clarksville, IN 47129
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    525 Lewis And Clark Pkwy Clarksville, IN 47129

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    • Retail space
    • 1,668 SF
    • 0.11 lot acres
    For Sale
    $199,900
    View Listing →
    Clarksville Office Building - Great Visibility For Sale
    $199,900

    Clarksville Office Building - Great Visibility

    High-traffic location, lease options available.

    Jeffersonville, IN 47129
    View Listing
    Property ID
    US31-1328108
    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

    • Retail space

    Property Details for 525 Lewis And Clark Pkwy

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    1,668 SF
    Property type
    Retail space
    APN
    10-14-03-101-022.000-012
    APU
    101403101022000012

    Description

    This exceptional 1694 square foot free-standing commercial building presents a fantastic opportunity for business owners and investors alike. Ideally situated on Lewis & Clark Parkway in Clarksville, Indiana, this property boasts excellent visibility and high traffic counts, ensuring maximum exposure for your business. The B-2 zoning allows for a wide range of commercial uses, making it suitable for various enterprises. The building is being offered at a reduced price and includes the attractive option of a 1-5 year lease at $2,000 per month. This lease option provides flexibility for those seeking a shorter-term commitment. The 0.11-acre lot provides ample space for parking and potential expansion. The seller welcomes all inspections and is offering the property "as-is." A significant advantage is the inclusion of real estate taxes and insurance in the monthly lease payment, minimizing your operational costs. Owner financing is also available, making this an even more compelling investment opportunity. Don't miss this chance to secure a prime commercial location in a thriving area. Act quickly to capitalize on this reduced price and flexible lease options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7666
    Latitude
    38.312
    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
    $4,188
    $91,000
    $48,600
    $139,600
    -
    $91,000
    $48,600
    $139,600

    Comparable in this City

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      951 Lewis And Clark Pkwy

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    • Value Estimation by Request
      4,100 SF

      365 Eastern Blvd

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      37,130 SF

      700 Hwy 31st E

      RETAIL STORES (PERSONAL SERVICES) • 37,130 SF
      700 Hwy 31st E, Clarksville, IN 47129-6503
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    • Value Estimation
      $590,000
      8,000 SF

      650 Lewis And Clark Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      650 Lewis And Clark Pkwy, Clarksville, IN 47129-2299
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    • Value Estimation
      $1,620,000
      93,759 SF

      511 Little League Blvd, Unit 100500

      RETAIL STORES (PERSONAL SERVICES) • 93,759 SF
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    • Value Estimation
      $580,000
      23,440 SF

      825 Eastern Blvd

      RETAIL STORES (PERSONAL SERVICES) • 23,440 SF
      825 Eastern Blvd, Clarksville, IN 47129-2355
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      497 SF

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      Retail space available for lease with 497 square feet.
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      Retail spaces with high visibility and easy interstate access.
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      Former Movie Theater Available

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    View Listing
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    Clarksville, IN 47129
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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.

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