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

    216 W White Oak St Leitchfield, KY 42754

    Sponsored
    For Sale
    $499,000

    Free-standing, Business - Leitchfield, KY

    Type:Business
    Property size:
    12,420 SF
    Days on Market:
    117
    Last Refresh:
    Feb 3 at 12:06 pm

    Property Features for 216 W White Oak St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Parking features
    Off Street, Paved or Surfaced
    Size
    12,420 SF

    Utilities

    Cooling system
    Zoned

    Building Details

    Flooring type
    Carpet, Concrete, Vinyl, Wood
    Architectural style
    Other

    We can help!

    Listing Contact
    Catherine Corbett

    WELCOME HOME REALTY GROUP (270) 257-0602

    Listing agent Catherine Corbett (270) 257-0602 License #207796

    Listing date Oct 10, 2025

    MLS# 93291 Listing URL

    Copyright © 2026 Greater Owensboro Realtor® Association. 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

    Free-Standing Building in Leitchfield, KY

    This free-standing building is located in Leitchfield, KY, and sits on a lot with deeded size of 0.94+/- acres, which will be adjusted after a new survey is completed due to the seller retaining a portion of the gravel lot behind the adjacent restaurant building. The property features approximately 50 parking spots. The main floor encompasses 6,100+/- square feet, with 2,000+/- square feet having concrete floors, drywall, and light fixtures. An additional 6,100+/- square feet of unfinished space is located upstairs, accessible via a separate entrance at the back of the building. The property includes a wood fence along the side and has approximately 160 feet of road frontage. The main floor is equipped with 8 mini-split units for heating and cooling. The age of the roof is unknown. The deed should be consulted for any restrictions or easements. The information, including square footage taken from building plans, is deemed accurate but not guaranteed and should be independently verified.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alexander & Alexander Inc Insurance Agency Guardian Insurance Wholesalers, ... Insurance Agency Alexander Inc Insurance Agency

    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.

    Similar Places Nearby

    U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Leitchfield
    County
    Grayson
    State
    Kentucky
    Longitude
    -86.297916
    Latitude
    37.477759

    Nearby Similar for Sale

    • $1,200,000
      1,912 SF

      Wedding Venue Estate with Lakes

      21+ acre estate with wedding venue, lakes, and residence.
      460 Golfcourse Rd, Leitchfield, KY 42754
      View Details
    • $1,200,000
      21.00 Acres

      Wedding Venue Business Opportunity

      21+ acre estate with thriving wedding venue business and residence.
      460 Golfcourse Rd, Leitchfield, KY 42754
      View Details
    • $499,000
      0.94 Acres

      Leitchfield Commercial Property with Parking

      Commercial property in Leitchfield, KY with ample parking.
      216 W White Oak St, Leitchfield, KY 42754
      View Details
    • $425,000
      2,200 SF

      Residential Farm with Original Finishes

      Charming furnished home on 1.27 acres with mature trees.
      140 Fountain View Dr, Leitchfield, KY 42754
      View Details
    • $650,000
      5,689 SF

      Industrial Property with Expansion Potential

      1.5-acre industrial property with warehouse, office, and expansion space.
      176 Judge Kenneth H Goff Dr, Leitchfield, KY 42754
      View Details
    • $600,000

      Versatile Commercial Property in Leitchfield

      Commercial property on 1 acre lot, ideal for investors.
      202 S Main St, Leitchfield, KY 42754
      View Details
    • $298,000
      2.00 Acres

      Affordable Commercial Property with Cabin

      Commercial property with restaurant, cabin, and expansion potential near Leitchfield.
      6569 Owensboro Rd, Leitchfield, KY 42754
      View Details
    • $298,000
      2.00 Acres

      Restaurant with Income-Producing Cabin

      Commercial property with restaurant, cabin, and expansion potential near Leitchfield.
      6569 Owensboro Rd, Leitchfield, KY 42754
      View Details
    • $299,000
      0.54 Acres

      Leitchfield Commercial Property with Auto Bays

      Versatile commercial property with 4-bay shop and paint booth.
      23 Old Hartford Dr, Leitchfield, KY 42754
      View Details
    • $249,000
      20.00 Acres

      Cattle Farm Near Leitchfield, KY

      20-acre cattle farm with barn and pond near Leitchfield.
      860 Sadler Rd, Leitchfield, KY 42754
      View Details
    • $650,000
      5,689 SF

      Industrial Property with Expansion Potential

      1.5-acre industrial property with warehouse, office, and expansion space.
      176 Judge Kenneth H Goff Dr, Leitchfield, KY 42754
      View Details
    • $785,000
      3.70 Acres

      Leitchfield Commercial Storage Facility

      3.7 acre commercial property with storage units in Leitchfield.
      230 Commerce Dr, Leitchfield, KY 42754
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - A versatile property with ample parking and unfinished upstairs space.
    Where is this parking lot & garage located?
    The property is located at 216 W White Oak St Leitchfield, KY.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Large main floor with **6,100 +/- sq ft.**; - Approximately 50 parking spots available.; - Unfinished 6,100 +/- sq ft upstairs with separate access.
    (270) 287-2421
    Request Owner's contact information
    216 W White Oak St Leitchfield, KY 42754
    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.
    216 W White Oak St
    Leitchfield, KY 42754
    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
    216 W White Oak St Leitchfield, KY 42754
    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
    Catherine Corbett
    Real Estate License ID: 207796
    (270) 287-2421
    Learn more
    Google sign-in failed. Please try again or use another login method.