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

    503 S Kentucky Avenue Corbin, KY 40701

    View on Map
    For Sale
    $239,000

    COMMERCIAL - Corbin, KY

    Type:Office
    Property size:
    1,321 SF
    Lot size:
    0.16 Acres
    Added:
    Aug 29, 2025
    Days on Market:
    216
    Last Refresh:
    Apr 1 at 3:06 am

    Property Features for 503 S Kentucky Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Basement
    Crawl Space
    Standard status
    Active
    APN
    137-41-22-007.00
    Size
    1,321 SF
    Lot size
    0.16 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Heather Martinez

    Listing agent Heather Martinez

    Listing office Shawn Rogers Realty, Inc 513 S Main St., Corbin, KY

    Listing date Aug 29, 2025

    MLS# 25500078

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corbin, KY Office Building

    This brick office building is available for sale in downtown Corbin, Kentucky. The property has been well-maintained and offers a classic brick exterior. The interior provides flexible office space suitable for various professional uses, including medical, legal, retail, or creative office space. The building is located in a high-visibility area on S. KY Street. The property size is 1321 square feet, situated on a lot of 0.16 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Corbin
    County
    Whitley
    State
    Kentucky
    Longitude
    -84.096352
    Latitude
    36.943953

    Nearby Similar for Sale

    • $1,300,000
      16,240 SF

      Versatile Commercial Building Near I-75

      Well-maintained 16,240 SF building suitable for diverse uses.
      3444 Cumberland Falls Highway, Corbin, KY 40701
      View Details
    • $865,000
      10,392 SF

      Historic Downtown Corbin Mixed-Use Property

      Turnkey, renovated property with mixed-use potential in Corbin's downtown.
      500 S Main Street lot: St, Corbin, KY 40701
      View Details
    • $949,900
      7,232 SF

      Luxury Estate with Income Potential

      Spacious Corbin estate with multi-family and income-producing potential.
      48 Tori Pine Lane, Corbin, KY 40701
      View Details
    • $389,000
      5,969 SF

      Versatile Commercial Building in Corbin

      Office and warehouse space with ample parking and showroom potential.
      2201 S Main Street, Corbin, KY 40701
      View Details
    • $799,000
      7,000 SF

      Industrial Building Near Interstate 75

      7,000 SF industrial building on 3.5 acres near I-75.
      2095 State Highway 3041, Corbin, KY 40701
      View Details
    • $279,000
      1,758 SF

      Updated Building in Corbin, KY

      Renovated building suitable for boutique, office, or beauty shop.
      116 E Center Street, Corbin, KY 40701
      View Details
    • $999,900
      1,800 SF

      Commercial Land with Income Potential

      7-acre commercial property with building and mobile home park.
      1415 Cumberland Falls Highway, Corbin, KY 40701
      View Details
    • $2,200,000
      86,930 SF

      Income-Producing Manufacturing Facility For Sale

      Manufacturing facility with eight buildings totaling 86,930 SF on 13.7 acres.
      319 N Hills Road, Corbin, KY 40701
      View Details
    • $850,000
      11,158 SF

      Corbin Commercial Property on Main

      Commercial property with office, warehouse, and ample parking.
      2400 S Main Street, Corbin, KY 40701
      View Details
    • $895,000
      6,000 SF

      Historic Corbin Hotel Opportunity

      Historic 11,218 sq ft property with endless possibilities.
      1823 S Main Street, Corbin, KY 40701
      View Details
    • $329,000
      3,800 SF

      Versatile Two-Story Brick Property

      Adaptable duplex or spacious single-family home with desirable features.
      59 Running Fox Lane, Corbin, KY 40701
      View Details
    • $212,000
      1,792 SF

      Well-Maintained Duplex in Corbin, KY

      Charming duplex with two units, ideal for investment or occupancy.
      105 Dantley Drive, Corbin, KY 40701
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained office building in downtown Corbin, ideal for various uses.
    Where is this office building located?
    The property is located at 503 S Kentucky Avenue Corbin, KY.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: Prime location on S. KY Street in downtown Corbin.; Well‑maintained brick office building.; Flexible office space suited for various professional uses.
    (606) 215-3138
    We can help!
    Listing Contact
    Heather Martinez
    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!