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

    206-210 Broadway St Cave City, KY 42127

    Sponsored
    For Sale
    $699,000

    Commercial - Cave City, KY

    Lot size:
    0.15 Acres
    Days on Market:
    113
    Last Refresh:
    Feb 12 at 2:06 pm

    Property Features for 206-210 Broadway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    10
    Parking features
    On Street
    Interior features
    Finished, Office Space
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Floors in Building
    2
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Brick, Brick Veneer
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Farmer

    EXP REALTY (888) 624-6448

    Listing agent Jeff Farmer (888) 624-6448

    Listing date Oct 23, 2025

    MLS# HK25004326 Listing URL

    Copyright © 2026 Heart of 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

    Property Insight Report

    Overview

    Turnkey Mixed-Use Investment Property

    Located in the heart of historic downtown Cave City, this fully leased mixed-use building offers an income-producing investment opportunity. The 8,527 square foot two-story structure includes a restaurant business on the ground level and four renovated residential apartments upstairs, all currently under active leases. Originally built in the 1930s and revitalized in 2021, the property combines timeless character with modern systems and finishes. The property is zoned commercial (B-1 Downtown District). Positioned along Broadway Street / KY-70, just one mile from I-65 Exit 53, the building benefits from steady visibility and strong local foot traffic. The location is near Mammoth Cave National Park, Kentucky Action Park, and other attractions. Public utilities are available, and ample on-street parking is provided. The property is located in a walkable area surrounded by retail and restaurants. The lot size is 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cave City
    County
    Barren
    State
    Kentucky
    Longitude
    -85.9580906
    Latitude
    37.137408

    Nearby Similar for Sale

    • $550,000
      0.17 Acres

      Renovated Retail and Hospitality Building

      Historic building with retail space and hospitality units in Cave City.
      104-108 N 1St St, Cave City, KY 42127
      View Details
    • $499,900
      3,360 SF

      Renovated Home on Wooded Acreage

      Custom-built home on 21.73 acres with shop and barn.
      302 Curd Dr, Cave City, KY 42127
      View Details
    • $350,000
      0.07 Acres

      Cave City Mixed-Use Building

      Mixed-use building in growing Cave City with multiple opportunities.
      105 Broadway St, Cave City, KY 42127
      View Details
    • $325,000
      0.26 Acres

      Historic Building in Cave City

      Renovated commercial building in historic Cave City, Kentucky.
      205 Broadway St, Cave City, KY 42127
      View Details
    • $1,800,000
      6.50 Acres

      New RV Park Near I-65

      Newly constructed RV park with 48 sites on 6.5 acres.
      610 Mammoth Cave St, Cave City, KY 42127
      View Details
    • $2,400,000
      20.59 Acres

      Prime Commercial Property in Cave City

      Versatile commercial property suitable for office, retail, or warehouse use.
      302 Happy Valley St, Cave City, KY 42127
      View Details
    • $379,000
      0.27 Acres

      Cave City Multi-Family Property

      Multi-family property in Cave City, Kentucky with growth potential.
      215 Broadway St, Cave City, KY 42127
      View Details
    • $685,500

      Cave City Coffee and Creamery

      Profitable business opportunity near Mammoth Cave National Park.
      201 Hubbard Ln, Cave City, KY 42127
      View Details
    • $325,000

      Historic Reynolds House in Cave City

      Renovated commercial property in historic Cave City, ready for business.
      205 Broadway St, Cave City, KY 42127
      View Details
    • $1,500,000
      4.00 Acres

      Guntown Mountain

      Specialty properties • 4.00 Acres
      101 Huckleberry Knob Rd, Cave City, KY 42127
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use building with restaurant and apartments in Cave City.
    Where is this mixed-use property located?
    The property is located at 206-210 Broadway St Cave City, KY.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Turnkey, 100% leased, income-producing mixed-use building with an **8.6% cap rate**.; - Includes a fully operational restaurant (Cave City Pizza) and four renovated residential apartments, all with active leases.; - **Prime location** in historic downtown Cave City, benefiting from high visibility and foot traffic.
    (270) 268-5315
    Request Owner's contact information
    206-210 Broadway St Cave City, KY 42127
    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.
    206-210 Broadway St
    Cave City, KY 42127
    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
    206-210 Broadway St Cave City, KY 42127
    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
    Jeff Farmer
    Real Estate License ID: 181853
    (270) 268-5315 (888) 624-6448 (403) 262-7653
    Learn more
    Google sign-in failed. Please try again or use another login method.