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    Property profile & analytics

    619 Shr Dr Jeffersonville, IN 47130-3105

    • Hotels
    • 39,549 SF
    • 1.83 lot acres
    OFF-MARKET
    Last Sale
    Mar 10, 2022
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-3051130
    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

    • Tesla Destination Charger / Electric Vehicle Charging Station
    • 619 North Shore Drive Parking / Parking Lot & Garage
    • Fairfield Inn & Suites Louisville North / Hotel & Motel

    Property Details for 619 Shr Dr

    Year built
    1999
    Construction
    WOOD
    Lot size
    1.83 lot acres
    Property size
    39,549 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    10-19-00-100-983.000-010
    APU
    101900100983000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $675,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,120,000
      Change: +66% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jeffersonville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7479
    Latitude
    38.2699
    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
    $140,755
    $824,100
    $3,959,100
    $4,783,200
    -
    $824,100
    $3,959,100
    $4,783,200

    Comparable in this City

    • Value Estimation
      $1,120,000
      135,020 SF

      700 Riverside Dr

      HOTEL/MOTEL • 135,020 SF
      700 Riverside Dr, Jeffersonville, IN 47130-3151
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    • Value Estimation
      $940,000
      61,916 SF

      1635 Veterans Pkwy

      HOTEL/MOTEL • 61,916 SF
      1635 Veterans Pkwy, Jeffersonville, IN 47130-7146
      View Details
    • Value Estimation
      $1,295,000
      73,407 SF

      4900 Water Tower Rd

      HOTEL/MOTEL • 73,407 SF
      4900 Water Tower Rd, Jeffersonville, IN 47130-7431
      View Details
    • Value Estimation by Request
      6,346 SF

      1560 10th St

      HOTEL/MOTEL • 6,346 SF
      1560 10th St, Jeffersonville, IN 47130-4530
      View Details
    • Value Estimation by Request
      4,800 SF

      1508 10th St

      HOTEL/MOTEL • 4,800 SF
      1508 10th St, Jeffersonville, IN 47130-4530
      View Details
    • Value Estimation by Request
      6,465 SF

      1901 10th St

      HOTEL/MOTEL • 6,465 SF
      1901 10th St, Jeffersonville, IN 47130-6017
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,456 SF

      Industrial Building with Barge Moorage

      25,456 SF industrial building with existing barge moorage.
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    • $600,000
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      Jeffersonville Commercial Lot

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      Residential Land in Jeffersonville, IN

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      Jeffersonville Commercial Land - $775K

      High-traffic C-2 zoned land, River Ridge proximity.
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    • Contact for pricing
      8.31 Acres

      Jeffersonville Industrial Space - 7000 SF

      Two Industrial Units, 7000 sq ft total, 8.31 acres
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    • $950,000
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      Jeffersonville Commercial Land & Home

      High-traffic location, I-65 access, development potential.
      2610 Veterans Pkwy, Jeffersonville, IN 47130
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    Similar Nearby for Lease

    • $475,000
      1,200 SF

      Jeffersonville Office Space For Lease

      Office suite with reception, offices, and conference room available.
      3008 Middle Rd, Jeffersonville, IN 47130
      View Details
    • Contact for pricing
      70,132 SF

      Jeffersonville Commercial Land Opportunity

      High-traffic retail land, build-to-suit available.
      10th St And Vissing Park Rd, Jeffersonville, IN 47130
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    • Contact for pricing
      214,450 SF

      Jeffersonville Town Center Investment

      Prime Retail & Office Space, Southern Indiana
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    • $16 SF/Yr
      22,000 SF

      Wall Street Medical Office Suites

      Prime Jeffersonville medical space available.
      1035 Wall St, Jeffersonville, IN 47130
      View Details
    • Contact for pricing
      127,715 SF

      Jeffersonville Industrial Property For Rent

      Industrial property available for rent in Jeffersonville, Indiana.
      350 Salem Rd, Jeffersonville, IN 47130
      View Details
    • Contact for pricing

      Legacy Shoppes Leasing Opportunity

      Leasing opportunity in revitalized Jeffersonville retail hub.
      1439 E 10Th St, Jeffersonville, IN 47130
      View Details
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    Jeffersonville, IN 47130-3105
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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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