Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    102-104 Frazier St Cumberland, KY 40823

    Sponsored
    For Sale
    $295,000

    COMMERCIAL - Cumberland, KY

    Property size:
    2,240 SF
    Lot size:
    0.50 Acres
    Days on Market:
    28
    Last Refresh:
    Feb 5 at 2:06 pm

    Property Features for 102-104 Frazier St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    198-30-19-012.00, 198-30-19-013.00, 198-30-19-014.
    Size
    2,240 SF
    Lot size
    0.50 Acres

    We can help!

    Listing Contact
    Chris Hogue

    Scott Hogue & Associates Realty (606) 589-2679

    Listing agent Chris Hogue (606) 589-2679

    Listing date Jan 9, 2026

    MLS# 25004468

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Former Cumberland United Methodist Church

    This property features the former Cumberland United Methodist Church building, a residence, a parking lot, and grounds. It is located at the intersection of Main and Frazier streets in Cumberland, KY. The property is a Cumberland landmark and is located in the business zone, making it suitable for religious or other uses. The main floor of the church building has an area of approximately 2,240 square feet and includes a sanctuary, entrance foyer, choir loft, and offices. The ground floor, also approximately 2,240 square feet, features a large gathering/dining area, smaller classrooms, a kitchen, and two restrooms. The residence has approximately 1,670 square feet on the main floor, with a living room, dining room, kitchen, four bedrooms, and two full bathrooms. It also has a full unfinished basement, including a garage accessed from Fugate Drive. A corridor connects the ground floor of the church to the basement of the home. The paved parking lot, accessible from Fugate Drive, has 20+ parking spots, a covered carport, and a small storage building. The property's lot size is 0.5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Harlan
    State
    Kentucky
    Longitude
    -82.994567
    Latitude
    36.974323

    Nearby Similar for Sale

    • New
      $949,000
      9,999 SF

      Multi-Building Shopping Center in Cumberland

      Shopping center with income potential in downtown Cumberland, Kentucky.
      1310 E Main St, Cumberland, KY 40823
      View Details
    • $275,000
      2,600 SF

      Iconic Cumberland Restaurant Opportunity

      Turn-key restaurant or redevelopment opportunity in a high-visibility location.
      1611-1615 E Main St, Cumberland, KY 40823
      View Details
    • $100,000
      0.51 Acres

      Commercial Property on Main Street

      Half-acre commercial property with building and drive-through in Cumberland, KY.
      1313 E Main St, Cumberland, KY 40823
      View Details
    • Contact for pricing

      Freestanding Building in Cumberland, Kentucky

      11,384 SF building on 1.97 AC with drive-thru.
      2307 East Main St, Cumberland, KY 40823
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Historical Cumberland landmark ideal for religious or other uses.
    Where is this church & religious facility located?
    The property is located at 102-104 Frazier St Cumberland, KY.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Historical Cumberland landmark property suitable for religious or other uses, located at the foot of Main Street in a business zone.; - Includes a church building (approx. 4,480 SF across two floors with sanctuary, offices, gathering area, classrooms, kitchen, and restrooms) and a 1,670 SF residence.; - Conveniently connected church and residence via a corridor.
    (606) 524-2434
    Request Owner's contact information
    102-104 Frazier St Cumberland, KY 40823
    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.
    102-104 Frazier St
    Cumberland, KY 40823
    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
    102-104 Frazier St Cumberland, KY 40823
    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

    We can help!
    Listing Contact
    Chris Hogue
    (606) 524-2434
    Learn more
    Google sign-in failed. Please try again or use another login method.