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    316 Sulphur Ave Eminence, KY 40019

    Sponsored
    Picture of Duplexes at Sulphur Ave 316, Eminence, KY
    For Sale
    Pending
    Contact for pricing

    MULTI_FAMILY - Ranch - Eminence, KY

    Type:Single Family Residence
    Property size:
    1,800 SF
    Days on Market:
    4
    Last Refresh:
    Jan 30 at 9:06 pm

    Property Features for 316 Sulphur Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Pending
    Rooms
    Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2
    Bedrooms
    4
    APN
    022-90-04-032.00
    Size
    1,800 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2005
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Shawn P Willard
    Shawn P Willard

    Weichert Realtors H. Barry Smith Company (502) 553-1880

    Listing agent Shawn P Willard (502) 633-2746

    Listing date Jan 27, 2026

    MLS# 1706413 Listing URL

    Copyright © 2026 Greater Louisville 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

    Eminence, KY Duplex Auction

    This duplex, located in Eminence, KY, is being offered at an online real estate auction. Each unit features two bedrooms, one bathroom, a kitchen, a living room, and a utility room. The front unit is currently rented for $600, while the rear unit is rented for $500. The property has a single water meter, and the rent includes water, sewer, and solid waste removal. The property size is 1800 square feet. Bidding will start to end on January 16th at 2:00 PM EST. A 10% buyer's premium will be added to the final bid to determine the final sales price. The winning bidder is required to put down 10% of the total sales price as a deposit at the conclusion of the auction, with the balance due on or before February 16th, 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Eminence
    County
    Henry
    State
    Kentucky
    Longitude
    -85.184151
    Latitude
    38.374013

    Nearby Similar for Sale

    • New
      Contact for pricing
      Pending

      Eminence, KY Duplex Investment

      Two duplexes, each unit with two bedrooms and two baths.
      4663 Jackson Rd, Eminence, KY 40019
      View Details
    • $495,000
      10,900 SF

      Renovated Commercial Building in Eminence

      Recently renovated commercial building with tenant in place through 2025.
      68 W Broadway, Eminence, KY 40019
      View Details
    • $775,000
      9,100 SF

      Freestanding Retail Property in Eminence, KY

      Single-tenant Family Dollar in Eminence, KY with investment grade credit.
      63 Depot Ave, Eminence, KY
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in Eminence, KY, offered at online real estate auction.
    Where is this duplex located?
    The property is located at 316 Sulphur Ave Eminence, KY.
    What is the asking price?
    The asking price for this property is $1.00.
    What are key features of this property?
    This property features: - Duplex property with existing rental income of $1100 per month.; - Each unit features 2 bedrooms, 1 bath, kitchen, living room, and utility room.; - Built in 2005 with Ranch architectural style.
    (502) 633-2746
    Request Owner's contact information
    316 Sulphur Ave Eminence, KY 40019
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    Eminence, KY 40019
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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
    316 Sulphur Ave Eminence, KY 40019
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    We can help!
    Listing Contact
    Shawn P Willard
    Shawn P Willard
    Real Estate License ID: 203037
    (502) 633-2746
    Learn more
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