Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    104 Hicks Ln London, KY 40744

    Sponsored
    For Sale
    $474,000

    MULTI_FAMILY - London, KY

    Property size:
    3,300 SF
    Lot size:
    0.68 Acres
    Days on Market:
    11
    Last Refresh:
    Feb 16 at 11:06 am

    Property Features for 104 Hicks Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 1, Bedroom 8, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 10, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 7, Bathroom 4, Bedroom 9, Bedroom 11
    Bedrooms
    11
    Bathrooms
    4
    APN
    062-60-00-033.00 062-60-00-032.00
    Parking
    8
    Parking features
    Open
    Size
    3,300 SF
    Lot size
    0.68 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    4
    Roof type
    Composition

    We can help!

    Listing Contact
    Donna Gregorich

    Century 21 Advantage Realty (606) 878-0021

    Listing agent Donna Gregorich (606) 878-0021

    Listing date Feb 6, 2026

    MLS# 25502936 Listing URL

    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

    Duplex Investment Opportunity in London, KY

    This offering features two adjacent duplexes situated in a desirable London location, providing convenient access to local amenities and I-75. Located on a combined 0.68-acre lot, the properties at 104 and 116 Hicks Lane are fully leased and generate immediate cash flow. The property at 104 Hicks Lane includes a renovated three-bedroom, one-bath unit and a two-bedroom, one-bath unit. The property at 116 Hicks Lane offers two two-bedroom, one-bath units. Renovations were completed within the last three years. The combined properties offer potential for future development or expansion. This is an opportunity to capitalize on a strategic, dual-address footprint.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Hair Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Department Store Hotel & Motel HVAC Service Grocery & Convenience Store Auto Parts Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    London
    County
    Laurel
    State
    Kentucky
    Longitude
    -84.096833
    Latitude
    37.102501

    Nearby Similar for Sale

    • $1,350,000
      21,521 SF

      Prime Commercial Space in London

      Versatile commercial property in downtown London, Kentucky, totaling 21,521 sqft.
      60/90 Bennett Cir, London, KY 40741
      View Details
    • $1,599,999
      5,340 SF

      Versatile Commercial Property in London

      21-acre property with 6,000 sq ft building in downtown London.
      853 E 4Th St, London, KY 40741
      View Details
    • New
      $535,000
      3,000 SF

      Two Townhomes in Golf Community

      Investment opportunity: two townhomes in The Oaks of London.
      143 Crooked Creek Dr, London, KY 40744
      View Details
    • $1,599,999
      5,340 SF

      Versatile Commercial Property Near Main

      21-acre property with 6,000 sq ft building near Main.
      853 E 4Th St, London, KY 40741
      View Details
    • $649,999
      6,800 SF

      Turn-Key Fabric Store and Home

      Commercial building and home for live/work or investment.
      2435 N Laurel Rd, London, KY 40741
      View Details
    • $575,000
      13,056 SF

      Versatile Commercial Building in London, KY

      13,056 SF commercial building suitable for diverse business ventures.
      60 Bennett Cir, London, KY 40741
      View Details
    • $485,000
      10,300 SF

      London Commercial Property For Sale

      Versatile 10,300 SF commercial building on 0.96 acres.
      506 E Laurel Rd, London, KY 40741
      View Details
    • $4,600,000
      92,800 SF

      Turnkey Hotel Investment Opportunity

      77-key hotel with recent upgrades and strong ratings.
      2075 W 192 Hwy, London, KY 40741
      View Details
    • $594,999
      29,550 SF

      Versatile Commercial Property in London, KY

      Versatile commercial property suitable for distribution, manufacturing, or warehousing.
      78 Levi Jackson Rd, London, KY 40744
      View Details
    • $279,000
      2,530 SF

      Renovated Commercial Property in London, KY

      Move-in ready commercial property in London's core business area.
      735 Caudill Ln, London, KY 40741
      View Details
    • $249,000
      1,648 SF

      Turnkey Investment Duplex in London

      Renovated, leased duplex near amenities with potential for future development.
      104 Hicks Ln, London, KY 40744
      View Details
    • $425,000
      8,465 SF

      Versatile Commercial Building in London, KY

      8465 sq ft commercial building in downtown London, Kentucky.
      90 Bennett Cir, London, KY 40741
      View Details

    FAQs

    What type of property is this?
    Duplex - Two adjacent, fully leased duplexes on 0.68 acres near I-75.
    Where is this duplex located?
    The property is located at 104 Hicks Ln London, KY.
    What is the asking price?
    The asking price for this property is $474,000.
    What are key features of this property?
    This property features: - Income-producing asset with strong occupancy and future growth potential.; - Two adjacent duplexes in a premier London location.; - Fully leased properties offering immediate cash flow.
    (606) 224-1549
    Request Owner's contact information
    104 Hicks Ln London, KY 40744
    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.
    104 Hicks Ln
    London, KY 40744
    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
    104 Hicks Ln London, KY 40744
    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
    Donna Gregorich
    Real Estate License ID: 208962
    (606) 224-1549 (606) 878-0021
    Learn more
    Google sign-in failed. Please try again or use another login method.