Add Listing
    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

    4100 Highway 431 Central City, KY 42330

    View on Map
    For Sale
    $80,000

    Commercial - Central City, KY

    Lot size:
    0.25 Acres
    Added:
    Sep 24, 2025
    Days on Market:
    190
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 4100 Highway 431

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    20
    Parking features
    On Street, Parking Lot
    Interior features
    Office Space
    Standard status
    Active
    APN
    161-02-01-001.001
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1995
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block, Concrete
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Alicia Bequette
    Alicia Bequette

    Listing agent Alicia Bequette License #274586

    Listing office Benchmark Realty, LLC 2800 Scottsville Road, Bowling Green, KY

    Listing date Sep 24, 2025

    MLS# RA20255524 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Affordable Commercial Building on Highway

    This commercial building is located on Highway 431, offering potential business opportunities between Central City, Lake Malone, and Russellville, KY. A 2007 study by the KY Transportation Department reported traffic volumes on US 431 ranging from 2,580 vehicles per day near the Logan/Muhlenberg County line, categorizing it as a state primary route throughout the study area. The building features a main large event room, a utility closet, two bathrooms, an office, a corner stage, and front and back entries. A new HVAC system has been installed. The property is situated on a 0.25-acre lot and offers value for commercial or residential use, benefiting from road visibility for marketing and signage while maintaining a secluded feel. There is no zoning in the county.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Auto Repair Shop Department Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Central City
    County
    Muhlenberg
    State
    Kentucky
    Longitude
    -87.1004658
    Latitude
    37.2563879

    Nearby Similar for Sale

    • $1,350,000
      1,929 SF

      Central City Motel For Sale

      Motel with on-site amenities in a growing industrial area.
      606 S 2nd Street, Central City, KY 42330
      View Details
    • $115,000
      2,500 SF

      Adaptable Church Property For Sale

      Versatile 2,500 SF church suitable for various commercial uses.
      610 E Reservoir st., Central City, KY 42330
      View Details
    • $79,900

      Central City Commercial Building For Sale

      Commercial building with potential, located off N Second Street.
      314 N Second Street, Central City, KY 42330
      View Details
    • $1,200,000

      Central City Multifamily Investment Property

      27-unit multifamily property generating approximately $174,000 gross annually.
      1213 W Reservoir Avenue, Central City, KY 42330
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial building on Highway 431 with potential business opportunities.
    Where is this retail space located?
    The property is located at 4100 Highway 431 Central City, KY.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: High‑traffic location on Highway 431 offers excellent visibility and signage opportunities for a business.; Concrete block construction provides durability and potential for various commercial or residential uses.; New HVAC system ensures efficient climate control.
    (615) 948-0668
    We can help!
    Listing Contact
    Alicia Bequette
    Alicia Bequette
    Real Estate License ID: 274586
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!