Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Office Near Pennyrile Parkway Title is generated by Realmo AI

    114 Keeton Dr, Hopkinsville, KY 42240

    View on Map
    Claim this Listing
    For Lease
    $5,605/Mo $17 SF/Yr (calc)

    COMMERCIAL - HOPKINSVILLE, KY

    Property size:
    3,800 SF
    Lot size:
    1.01 Acres
    Added:
    Nov 26, 2024
    Days on Market:
    529
    Last Refresh:
    May 9 at 3:06 pm

    Property Features for 114 Keeton Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    B-2 GENERAL BUSINESS
    Standard status
    Active
    Size
    3,800 SF
    Lot size
    1.01 Acres

    We can help!

    Listing Contact
    BEN BOLINGER
    BEN BOLINGER

    Listing agent BEN BOLINGER License #246976

    Listing office BOLINGER REAL ESTATE & AUCTION 110 John Rives Road, HOPKINSVILLE, KY

    Listing date Nov 26, 2024

    MLS# 41586

    Copyright © 2026 Hopkinsville Christian & Todd County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent accessibility due to proximity to Pennyrile Parkway.
    • Spacious 3,800 sq ft office space.
    • Ample parking available.
    • High visibility location.
    • Suitable for expanding or new businesses.
    • Modern office space.

    Overview

    This 3,800 sq ft office space is situated near Pennyrile Parkway, offering accessibility and visibility. The property is located in Hopkinsville, KY, and is zoned B-2 GENERAL BUSINESS. The lot size is 1.01 acres. The office space is suitable for any professional organization seeking a modern, well-located space with ample parking. It provides flexibility and resources for business expansion or new ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kentenn Medical Medical Clinic Dr. Robert Bressler, ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopkinsville
    County
    Christian
    State
    Kentucky
    Longitude
    -87.516963
    Latitude
    36.830698

    Nearby Similar for Lease

    • Contact for pricing

      Hopkinsville Commercial Office/Warehouse Space

      Office and climate-controlled warehouse space available for lease.
      208 Bradshaw Pike EXT, HOPKINSVILLE, KY 42240
      View Details
    • $4,000/Mo

      Office Space on High-Traffic Boulevard

      500 sq ft office space with great visibility.
      1102 E 21st St, Hopkinsville, KY, 42240-4698
      View Details
    • Contact for pricing

      Freestanding Building on Fort Campbell

      Freestanding vacant building available for sublease on Fort Campbell Boulevard.
      2626 Fort Campbell Blvd, Hopkinsville, KY
      View Details
    • Contact for pricing

      Retail Space on Fort Campbell

      Retail space available on Fort Campbell Boulevard in Hopkinsville.
      2529-2615 Fort Campbell Blvd., Hopkinsville, KY
      View Details
    • Contact for pricing

      Hopkinsville Warehouse Space Available

      143,500 sq ft warehouse space for lease.
      1121 Skyline Dr, Hopkinsville, KY
      View Details
    • Contact for pricing

      Neighborhood Retail Shopping Center Space

      Retail space available in Hopkinsville near Fort Campbell base.
      2601 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details

    FAQs

    What type of property is this?
    Office units - Modern 3,800 sq ft office space with ample parking.
    Where is this office units located?
    The property is located at 114 Keeton Dr Hopkinsville, KY.
    What is the lease rate?
    The lease rate is $5,605 /Mo.
    What are key features of this property?
    This property features: Excellent accessibility due to proximity to Pennyrile Parkway.; Spacious 3,800 sq ft office space.; Ample parking available.
    (270) 632-8882
    We can help!
    Listing Contact
    BEN BOLINGER
    BEN BOLINGER
    Real Estate License ID: 246976
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    114 Keeton Dr, HOPKINSVILLE, KY 42240
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!