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    The Largest CRE Database in the US with Over 1 Million Listings

    103 E Gallatin St Adairville, KY 42202

    Sponsored
    For Sale
    $199,000

    Commercial - Adairville, KY

    Lot size:
    1.20 Acres
    Days on Market:
    116
    Last Refresh:
    Feb 12 at 12:06 pm

    Property Features for 103 E Gallatin St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    088-02-05-001-00
    Parking features
    On Street
    Interior features
    None
    Lot size
    1.20 Acres

    Utilities

    Heating system
    None (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1950
    Flooring type
    Concrete
    Building materials
    Block, Brick, Concrete
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Carla Anderson
    Carla Anderson

    Keller Williams First Choice Realty (270) 782-1811

    Listing agent Carla Anderson (270) 782-1811 License #206431

    Listing date Oct 20, 2025

    MLS# RA20256045 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. 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

    Historic Adairville Commercial Opportunity

    Located in the heart of downtown Adairville, this commercial property presents a rare opportunity to own a piece of local history. Formerly the Adairville Mill, this site is situated steps from local restaurants, breweries, and shopping. The property includes two side-by-side buildings on one parcel, with estimated square footage of approximately 3,100 sq ft and 3,740 sq ft. The buildings are completely gutted and ready for renovation, offering a blank canvas for various business ventures such as a retail shop, office space, coffee house, brewery, or distillery. The sale includes two neighboring lots, totaling approximately 1.2 acres. The additional parcels feature existing buildings and historic metal feed storage units, providing unique character and development potential. This property offers historic character, an unbeatable location, and incredible potential in a vibrant and growing community. All details, including square footage and lot size, should be independently verified. The city plat may not accurately reflect the actual lot size as per city office records, and all calculations provided are estimated. All zoning details should be verified through appropriate channels. The property is located at 103 E Gallatin Street, Adairville, KY 42202.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Bar & Pub Department Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Adairville
    County
    Logan
    State
    Kentucky
    Longitude
    -86.8518904
    Latitude
    36.6674807

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      Historic Commercial Property in Adairville

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    FAQs

    What type of property is this?
    Storefront property - Two buildings in downtown Adairville, ready for renovation.
    Where is this storefront property located?
    The property is located at 103 E Gallatin St Adairville, KY.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Prime commercial lot in the heart of Adairville's downtown district, steps from restaurants, breweries, and shopping.; - Two side-by-side buildings on one parcel, offering approximately 3,100 sq ft and 3,740 sq ft of space.; - Includes two neighboring lots, totaling approximately 1.2 acres, with additional buildings and historic metal feed storage units.
    (270) 782-1811
    Request Owner's contact information
    103 E Gallatin St Adairville, KY 42202
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    Adairville, KY 42202
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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
    103 E Gallatin St Adairville, KY 42202
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    We can help!
    Listing Contact
    Carla Anderson
    Carla Anderson
    Real Estate License ID: 206431
    (270) 782-1811
    Learn more
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