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    Kopperud Realty

    711 Main Street, Murray, KY
    (270) 753-1222
    Size: 10+ agents

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    • Commercial Sale
    • Land
    • Farm
    • Commercial Lease
    • Residential Multi Family

    Listings

    For Sale (45)

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    Corner Lot on High-Traffic Highway
    $179,900
    0.70 Acres

    Corner Lot on High-Traffic Highway

    Corner lot with high visibility and easy access in Murray.

    630 S 4Th St, Murray, KY 42071
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    Residential Building Site in Murray
    Contact for pricing
    0.34 Acres

    Residential Building Site in Murray

    Large lot in premier subdivision, perfect for building dream home.

    4 Saddle Crk, Murray, KY 42071
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    Calloway County Farmland Opportunity
    $464,520
    47.40 Acres

    Calloway County Farmland Opportunity

    47.4 acres of generational farmland near the Kentucky/Tennessee border.

    000 State Line Rd East, Hazel, KY 42049
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    Residential Lot Near Lake
    Contact for pricing
    2.05 Acres

    Residential Lot Near Lake

    Residential lot ready for building with lake access.

    Deepwood Dr, Murray, KY 42071
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    Residential Lot in Hunters Point
    $39,900
    0.41 Acres

    Residential Lot in Hunters Point

    0.41 acre residential lot in Murray, Kentucky.

    2 Belle Meade Dr, Murray, KY 42071
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    Calvert City Commercial Property For Sale
    $499,000
    1.77 Acres

    Calvert City Commercial Property For Sale

    1.769 acre commercial property in Calvert City, Kentucky.

    Hwy 62 U.S, Calvert City, KY 42029
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    Murray, KY Warehouse Opportunity
    $715,000
    19,000 SF

    Murray, KY Warehouse Opportunity

    Two warehouses totaling 19,000+ sq ft on 2.47 acres.

    40 Neale Trl, Murray, KY 42071
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    Kentucky Lake Waterfront Lot
    $80,000
    0.46 Acres

    Kentucky Lake Waterfront Lot

    0.46-acre waterfront lot on Kentucky Lake, perfect for custom home.

    7 Red Water Dr, New Concord, KY 42076
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    Unrestricted Land Near Murray
    $449,000
    1.90 Acres

    Unrestricted Land Near Murray

    1.9 acres of unrestricted land near Murray State University.

    State Route 121 North, Murray, KY 42071
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    Downtown Union City Office Space
    Contact for pricing
    1,600 SF

    Downtown Union City Office Space

    Office space for rent in downtown Union City.

    610 Perkins St, Union City, TN 38261
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    Residential Lot in Murray, KY
    $98,500
    0.82 Acres

    Residential Lot in Murray, KY

    Residential lot available for building a dream home.

    50 Belle Meade Dr, Murray, KY 42071
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    Downtown Murray Commercial Property
    $545,000
    0.67 Acres

    Downtown Murray Commercial Property

    Prime commercial property in downtown Murray with high visibility.

    608 Main St, Murray, KY 42071
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    Residential Lot in Lake Area
    Contact for pricing
    2.13 Acres

    Residential Lot in Lake Area

    Residential lot ready for building with community amenities.

    Deepwood Dr, Murray, KY 42071
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    Versatile Commercial Property in Murray
    $420,000

    Versatile Commercial Property in Murray

    Multi-use commercial building with loading docks and ample storage space.

    3443 State Hwy 2547, Murray, KY 42071
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    Remodeled Apartments and RV Park
    $650,000

    Remodeled Apartments and RV Park

    Apartment complex with RV park near Kentucky Lake.

    6804 Us Highway 641, Gilbertsville, KY 42044
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    Restaurant and Retail Opportunity
    $1,100,000

    Restaurant and Retail Opportunity

    Prime commercial location with restaurant and retail spaces for sale.

    408 N 12Th St, Murray, KY 42071
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    Productive Farmland in Kirksey Community
    $999,000
    83.44 Acres

    Productive Farmland in Kirksey Community

    83.44 acres of farmland with crop income potential.

    Kirksey Hwy, Benton, KY 42025
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    Commercial Lot in Murray, KY
    Contact for pricing
    0.32 Acres

    Commercial Lot in Murray, KY

    Commercial lot with highway frontage, near downtown Murray.

    1 Maplewood Est, Murray, KY 42071
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    Prime Corner Lot Redevelopment Opportunity
    $350,000
    0.32 Acres

    Prime Corner Lot Redevelopment Opportunity

    Corner lot on primary thoroughfare suitable for redevelopment or repurposing.

    117 S 12Th St, Murray, KY 42071
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    Calloway County Farmland Opportunity
    $464,520
    47.40 Acres

    Calloway County Farmland Opportunity

    Generational farmland near KY/TN line, suitable for agricultural use.

    000 State Line Rd East, Hazel, KY 42049
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    Residential Building Site in Murray
    Contact for pricing
    0.49 Acres

    Residential Building Site in Murray

    Large wooded lot in Saddle Creek Subdivision, Murray, KY.

    16 Saddle Crk, Murray, KY 42071
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    Residential Lot in Hunters Point
    $44,900
    0.41 Acres

    Residential Lot in Hunters Point

    0.41 acre residential lot in Murray, Kentucky.

    74 Cornwall Dr, Murray, KY 42071
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    Remodeled Apartment Complex with RV Park
    $650,000

    Remodeled Apartment Complex with RV Park

    Apartment complex with RV park near Kentucky Lake.

    6804 Us Highway 641, Gilbertsville, KY 42044
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    Downtown Murray Versatile Commercial Property
    $375,000

    Downtown Murray Versatile Commercial Property

    Charming property with B-3 zoning, suitable for versatile uses.

    102 S 6Th St, Murray, KY 42071
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    74 Acres Near Kentucky Lake
    $339,900
    74.00 Acres

    74 Acres Near Kentucky Lake

    74 acres of recreational land near Kentucky Lake.

    Billie Br Rd, New Concord, KY 42076
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    Residential Lot in Hunters Point
    $44,900
    0.90 Acres

    Residential Lot in Hunters Point

    0.90 acre residential lot in Murray, Kentucky.

    32 Hunters Gln, Murray, KY 42071
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    Kentucky Lake Waterfront Residential Land
    $75,000
    1.26 Acres

    Kentucky Lake Waterfront Residential Land

    1.26 acres with water views and resort-style amenities.

    44 Mariner Ln, Murray, KY 42071
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    Versatile Building in Convenient Location
    $199,000
    2,300 SF

    Versatile Building in Convenient Location

    2,300 sq ft property ideal for various uses.

    1634 Main St, Murray, KY 42071
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    Residential Lot in Kentucky Lake
    Contact for pricing
    1.09 Acres

    Residential Lot in Kentucky Lake

    1.09 acre lot in Western Shores subdivision near Murray.

    24 Haynes Cemetery Rd, Murray, KY 42071
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    Saddle Creek Building Site
    Contact for pricing
    0.34 Acres

    Saddle Creek Building Site

    Residential lot in Murray's Saddle Creek Subdivision.

    5 Saddle Crk, Murray, KY 42071
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    Residential Building Site in Murray
    Contact for pricing
    0.45 Acres

    Residential Building Site in Murray

    Large lot in Saddle Creek Subdivision, perfect for building a home.

    29 Saddle Crk, Murray, KY 42071
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    Residential Development Opportunity in Murray
    Contact for pricing
    0.17 Acres

    Residential Development Opportunity in Murray

    Residential lots in Murray, KY with city utilities available.

    521 S 4Th St, Murray, KY 42071
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    Saddle Creek Building Site
    Contact for pricing
    0.45 Acres

    Saddle Creek Building Site

    Residential lot in Murray's Saddle Creek Subdivision.

    31 Saddle Crk, Murray, KY 42071
    View details
    Benton, KY Fourplex Investment
    $599,900
    4,000 SF

    Benton, KY Fourplex Investment

    Fully leased fourplex in Benton, KY with modern amenities.

    220 Morningside Dr, Benton, KY 42025
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    Remodeled Office Space in Benton
    $975,000

    Remodeled Office Space in Benton

    Remodeled office space suitable for offices, medical practice, or call center.

    102 C.a. Ky, Benton, KY 42025
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    Saddle Creek Building Site
    Contact for pricing
    0.39 Acres

    Saddle Creek Building Site

    Residential lot in Murray's Saddle Creek Subdivision.

    39 Saddle Crk, Murray, KY 42071
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    Residential Lot in Upscale Community
    $36,000
    1.71 Acres

    Residential Lot in Upscale Community

    Spacious lot with community amenities near Land Between the Lakes.

    62 Weekend Ln, Murray, KY 42071
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    Residential Lot in Waterfront Community
    Contact for pricing
    1.36 Acres

    Residential Lot in Waterfront Community

    1.36 acre residential lot in Western Shores community.

    183 Yellowbird Ln, Murray, KY 42071
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    Wooded Lot Near Kentucky Lake
    Contact for pricing
    1.00 Acre

    Wooded Lot Near Kentucky Lake

    Residential lot in Western Shores development near Kentucky Lake.

    130 Eagle Look Ln, Murray, KY 42071
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    21 Acres Prime Development Land
    $674,000
    21.00 Acres

    21 Acres Prime Development Land

    21 acres of prime development land adjoining Murray city limits.

    Brinn Rd, Murray, KY 42071
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    Residential Lot in Waterfront Community
    Contact for pricing
    1.12 Acres

    Residential Lot in Waterfront Community

    1.12 acre lot in premier waterfront community near Kentucky Lake.

    91 Streetland Ln, Murray, KY 42071
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    Kentucky Lake View Residential Lots
    $99,900
    0.44 Acres

    Kentucky Lake View Residential Lots

    Residential lots with water views and campsite potential.

    16 Park Hl Dr, New Concord, KY 42076
    View details
    Two Warehouses on Large Lot
    Contact for pricing
    19,200 SF

    Two Warehouses on Large Lot

    Two warehouses totaling 19,000+ sq ft on 2.47 acres.

    40 Neale Trl, Murray, KY 42071
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    Corner Lot on Highway
    $179,900

    Corner Lot on Highway

    Large corner lot with high exposure on a highway.

    630 S 4Th St, Murray, KY 42071
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    Prime Redevelopment Opportunity in Murray
    $350,000
    1,288 SF

    Prime Redevelopment Opportunity in Murray

    Corner lot suitable for redevelopment or repurposing in Murray, KY.

    117 S 12Th St, Murray, KY 42071
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    For Lease (7)

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    Downtown Murray Office Space Available
    $3,500 / Mo

    Downtown Murray Office Space Available

    Turn-key office space for lease in downtown Murray.

    118 S 5Th St, Murray, KY 42071
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    Warehouse Space in Murray, KY
    $3,250 / Mo

    Warehouse Space in Murray, KY

    5,000 sq ft warehouse space for lease in Murray.

    90 Spruce St, Murray, KY 42071
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    Industrial Facility with Office Space
    $3,500 / Mo

    Industrial Facility with Office Space

    5,000 sq ft industrial facility with office space.

    95 Spruce St, Murray, KY 42071
    View details
    Prime Commercial Space in Murray
    $2,200 / Mo

    Prime Commercial Space in Murray

    2,000 Sq Ft retail/office space near Walmart.

    811 N 12Th St, Murray, KY 42071
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    Prime Retail Space in Murray
    $4,400 / Mo

    Prime Retail Space in Murray

    4,000 SF commercial space in front of Walmart SuperCenter.

    815 N 12Th St, Murray, KY 42071
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    Professional Office Suite in Murray
    $1,150 / Mo

    Professional Office Suite in Murray

    Functional 1,150 sq ft suite ideal for medical or office.

    1210 Johnson Blvd, Murray, KY 42071
    View details
    Downtown Murray Turn Key Office
    $3,500 / Mo
    2,500 SF

    Downtown Murray Turn Key Office

    Turn key office space in Murray's Historic Court Square.

    118 S 5Th St, Murray, KY 42071
    View details

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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
    Kopperud Realty
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