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

    209 211 & 213, Unit 209 Irvine, KY 40336

    Sponsored
    For Sale
    $435,000

    COMMERCIAL - Irvine, KY

    Property size:
    4,788 SF
    Lot size:
    0.72 Acres
    Days on Market:
    17
    Last Refresh:
    Jan 25 at 6:06 pm

    Property Features for 209 211 & 213

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    071-30-09-001.00 and 071-30-09-001.01
    Parking
    20
    Size
    4,788 SF
    Lot size
    0.72 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric

    Building Details

    Floors in Building
    1
    Building materials
    Block, Brick
    Roof type
    Metal, Flat

    We can help!

    Listing Contact
    Traci Scott

    CENTURY 21 Advantage Realty, A Robinson Company

    Listing agent Traci Scott (859) 624-5488

    Listing date Jan 9, 2026

    MLS# 26000642

    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

    Overview

    Irvine Retail Space For Sale

    This commercial space, located in Irvine, Kentucky, is available for sale. The property offers many possibilities for use and features a visible location on River Drive, across from Meade's Do It Center. The building has 4,788 square feet of space and is situated on a 0.72-acre lot. The property includes multiple parking spaces.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Irvine
    County
    Estill
    State
    Kentucky
    Longitude
    -83.968083
    Latitude
    37.695518

    Nearby Similar for Sale

    • $550,000
      3,000 SF

      Commercial Property in Irvine, KY

      Commercial property for sale or lease in Irvine, Kentucky.
      77 River Dr, Irvine, KY 40336
      View Details
    • $149,000
      900 SF

      Turnkey Business Opportunity in Irvine

      Thriving business with equipment, mobile home, and expansion potential.
      2580 Barnes Mountain Rd, Irvine, KY 40336
      View Details
    • $160,000
      1,800 SF

      Versatile Commercial Property in Irvine

      Multi-use commercial property with garage bays, office, and ample parking.
      819 River Dr, Irvine, KY 40336
      View Details
    • $79,900
      0.31 Acres

      Turnkey Restaurant Opportunity in Irvine

      Restaurant with new electric, plumbing, deck, and parking.
      67 Valley Dr, Irvine, KY 40336
      View Details
    • $169,900
      Pending

      Church Building on Large Lot

      Church building for sale on a 0.25-acre lot.
      125 W Cedar Grove Rd, Irvine, KY 40336
      View Details
    • Contact for pricing
      7,800 SF

      High-Traffic Irvine Retail Space

      7800 sq ft Retail Space - Hwy 89 Visibility
      1016 Winchester Rd, Irvine, KY 40336
      View Details
    • Contact for pricing
      0.50 Acres

      Prime Irvine Commercial Space

      Retail/Office Space - 900 sq ft
      102 River Dr, Irvine, KY 40336
      View Details
    • $550,000
      3,000 SF

      Prime Irvine Restaurant Opportunity

      Established Restaurant - Lease or Buy
      77 River Dr, Irvine, KY 40336
      View Details
    • $109,000
      0.31 Acres

      Irvine KY Commercial Property

      Turnkey Business, Ready to Open!
      67 Valley Dr, Irvine, KY 40336
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial space for sale with great location and many possibilities.
    Where is this retail space located?
    The property is located at 209 211 & 213, Unit 209 Irvine, KY.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: - High visibility from River Drive.; - Ample parking spaces.; - Excellent location in Irvine.
    (859) 582-9675
    Request Owner's contact information
    209 211 & 213, Unit 209 Irvine, KY 40336
    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.
    209 211 & 213, Unit 209
    Irvine, KY 40336
    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
    209 211 & 213, Unit 209 Irvine, KY 40336
    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
    Traci Scott
    (859) 582-9675
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.