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

    210 Merchant St Columbia, KY 42728

    View on Map
    Sponsored
    For Sale
    $599,000

    Acreage - Columbia, KY

    Lot size:
    1.87 Acres
    Days on Market:
    38
    Last Refresh:
    Mar 16 at 3:06 am

    Property Features for 210 Merchant St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.87 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tammy Stotts

    Southern Nest Realty, LLC (270) 380-1250

    Listing agent Tammy Stotts (270) 380-1250 License #262780

    Listing date Feb 6, 2026

    MLS# SC47465 Listing URL

    Copyright © 2026 South Central 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

    Versatile Commercial Property in Columbia, KY

    Located in Columbia, Kentucky, this commercial property on Merchant Street offers approximately 1.87 acres across two tracts. The main structure features the historic Braxton Massie House, a 2 1/2 story brick building originally built in 1929 and converted for commercial use around 1957. Front and rear warehouse additions have been constructed, including a long loading dock along the side of the building. The rear warehouse is equipped with both manual and automatic overhead doors. The front portion of the property is currently leased to The Flower Garden Florist and includes restrooms, natural gas heat, and window air conditioning. A large showroom is located at the front of the building, with smaller rooms suitable for office or storage areas. A large gravel parking area surrounds the structure. Also on the property is a metal-sided barn with concrete floors and electric service, suitable for storage, equipment, or workshop use. The building was last updated approximately 10 years ago on the lower side near the Judicial Center. This property offers potential for investors or business owners seeking a versatile commercial location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flower Garden Florist (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    313maple florist & gifts, Flowers 'N Things, White House Floral Artistry, Flower Garden Florist

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Adair
    State
    Kentucky
    Longitude
    -85.3058067
    Latitude
    37.104854

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    FAQs

    What type of property is this?
    Storefront property - 1.87 acres with historic building and warehouse space.
    Where is this storefront property located?
    The property is located at 210 Merchant St Columbia, KY.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Prime commercial location on Merchant Street in Columbia, KY, offering high visibility.; - Approximately 1.87 acres across two tracts with versatile potential.; - Includes the historic Braxton Massie House (circa 1929) with commercial adaptations.
    (270) 634-7677
    Request Owner's contact information
    210 Merchant St Columbia, KY 42728
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    Columbia, KY 42728
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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
    210 Merchant St Columbia, KY 42728
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    We can help!
    Listing Contact
    Tammy Stotts
    Real Estate License ID: 262780
    (270) 634-7677 (270) 380-1250
    Learn more
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