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

    170 Kentucky Hwy 201 Sitka, KY 41255

    Sponsored
    For Sale
    $1,590,000

    Commercial - Sitka, KY

    Property size:
    11,254 SF
    Lot size:
    68.00 Acres
    Days on Market:
    19
    Last Refresh:
    Feb 4 at 4:06 am

    Property Features for 170 Kentucky Hwy 201

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    11,254 SF
    Lot size
    68.00 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Flooring type
    Concrete, Tile
    Building materials
    Brick, Metal Siding
    Roof type
    Metal, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Nathaniel Boggs
    Nathaniel Boggs

    United Real Estate Lexington (859) 278-7501

    Listing agent Nathaniel Boggs (859) 800-7355

    Listing date Jan 17, 2026

    MLS# 127065 Listing URL

    Copyright © 2026 Eastern Kentucky 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.

    Learn more

    Overview

    Sitka Commercial Property with Sawmill

    This commercial property in Sitka, Kentucky, features a 2,936 square foot brick office building with a shingle roof, constructed in 2000. The office includes 7 offices, a kitchen, a lobby area, 3 bathrooms (each 0.50 size), and 2 storage rooms, all with tile flooring. Adjacent to the office is a 1,050 square foot metal building and a 102 square foot wooden storage building. The lumber sawmill yard includes a 10,275 square foot main sawmill metal building with a metal roof, a 5,282 square foot green chain area, a 979 square foot maintenance garage, and a 2,916 square foot saw filing building. Additional structures include a debarker with metal roof covering and a chipper shed with metal roof covering. The property spans 68 acres. The total building area is 11,254 square feet. Please note that the lumber yard electrical equipment, dip tank metal carport, and office furniture are not included in the sale.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Sitka
    County
    Johnson
    State
    Kentucky
    Longitude
    -82.8395139
    Latitude
    37.9166215

    FAQs

    What type of property is this?
    Manufacturing property - Commercial property featuring office, metal building, and sawmill structures.
    Where is this manufacturing property located?
    The property is located at 170 Kentucky Hwy 201 Sitka, KY.
    What is the asking price?
    The asking price for this property is $1,590,000.
    What are key features of this property?
    This property features: - Extensive industrial complex featuring a **10,275 sq ft main sawmill building**.; - Additional buildings include a 1,050 sq ft metal building, 2,916 sq ft saw filing building, and 979 sq ft maintenance garage.; - **Brick office building with 2,936 sq ft** of space, featuring 7 offices, kitchen, lobby, and 3 bathrooms.
    (304) 928-8497
    Request Owner's contact information
    170 Kentucky Hwy 201 Sitka, KY 41255
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    Sitka, KY 41255
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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
    170 Kentucky Hwy 201 Sitka, KY 41255
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    We can help!
    Listing Contact
    Nathaniel Boggs
    Nathaniel Boggs
    Real Estate License ID: 77285
    (304) 928-8497
    Learn more
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