Your AI Navigator in Commercial Real Estate
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

    482 Main St Hazard, KY 41701

    Sponsored
    For Sale
    $275,000

    Commercial - Hazard, KY

    Property size:
    4,200 SF
    Lot size:
    0.34 Acres
    Days on Market:
    39
    Last Refresh:
    Jan 20 at 8:06 am

    Property Features for 482 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Parking features
    Off Street, On Street
    Size
    4,200 SF
    Lot size
    0.34 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1911
    Floors in Building
    2
    Flooring type
    Laminate
    Building materials
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Tammy Stidham

    Re/Max Legacy Group-Hazard (606) 487-9544

    Listing agent Tammy Stidham (606) 487-9544

    Listing date Dec 13, 2025

    MLS# 126716 Listing URL

    Copyright © 2026 Eastern 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

    Updated Income-Producing Commercial Property

    This updated commercial property, situated on Main Street, offers multiple rental opportunities. The property includes a renovated basement apartment featuring new flooring, vanity, refrigerator, and water heater. The upstairs office space is currently leased for $1,200 per month through August and includes an open layout, kitchen, one and a half baths, and extra storage. The downstairs area features a bonus room with a closet, currently used as a meditation space. An attached office suite offers four offices or potential bedrooms, a kitchen, one and a half baths, washer and dryer hookups, and a new heat pump; this suite is currently leased to an attorney. The property has been updated with fresh paint, flooring, and fixtures throughout. The lot size is 0.34 acres and the property size is 4,200 square feet. The property is located in Hazard, Kentucky.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hazard
    County
    Perry
    State
    Kentucky
    Longitude
    -83.1955502
    Latitude
    37.2482999

    Nearby Similar for Sale

    • $299,000
      6,100 SF

      Downtown Hazard Office Building

      Professional office space in downtown Hazard with ample parking.
      421 Memorial Dr, Hazard, KY 41701
      View Details
    • New
      $150,000
      6,621 SF

      Former Church Building with Apartment

      Renovated apartment and potential for additional units in Hazard.
      112 Indian Bend Dr, Hazard, KY 41701
      View Details
    • New
      $160,000
      10,258 SF

      Downtown Hazard Commercial Building For Sale

      Three-story, 10,258 SF commercial building in downtown Hazard, Kentucky.
      609 Main St, Hazard, KY 41701
      View Details
    • $79,000
      Pending

      Hazard Ranch Multifamily Investment Property

      Two-unit apartment near town, generating $1300 monthly income.
      3087 Christopher Rd, Hazard, KY 41701
      View Details
    • $2,200,000
      13,000 SF

      Spacious Commercial Building on Large Lot

      13,000 SF commercial building on 7 acres near Hazard.
      6546 Ky Highway 15, Hazard, KY 41701
      View Details
    • $250,000
      2,750 SF

      Fully Occupied Hazard Multi-Unit Property

      Four-unit apartment property in Hazard, Kentucky, fully occupied and generating income.
      150 Newland St, Hazard, KY 41701
      View Details
    • $99,900
      3,600 SF

      Fire-Damaged Multifamily Redevelopment Opportunity

      Fire-damaged 4-unit building near Downtown Hazard, sold AS-IS.
      2517 N Main St, Hazard, KY 41701
      View Details
    • $4,500,000
      43,447 SF

      Former Holiday Inn Opportunity

      Former Holiday Inn with significant potential in Hazard, Kentucky.
      200 Dawahare Dr, Hazard, KY 41701
      View Details
    • $148,000
      480 SF

      Commercial Property in Hazard, KY

      Commercial property with income potential in a terrific location.
      Morton Blvd, Hazard, KY 41701
      View Details

    FAQs

    What type of property is this?
    Office space - Updated commercial property with multiple rental opportunities on Main Street.
    Where is this office space located?
    The property is located at 482 Main St Hazard, KY.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Income-producing property with multiple rental opportunities.; - Upstairs office space leased for $1,200/month through August.; - Renovated basement apartment featuring new flooring, vanity, refrigerator, and water heater.
    (606) 854-2710
    Request Owner's contact information
    482 Main St Hazard, KY 41701
    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.
    482 Main St
    Hazard, KY 41701
    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
    482 Main St Hazard, KY 41701
    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
    Tammy Stidham
    (606) 854-2710
    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.