Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Building in Cadiz Title is generated by Realmo AI

    51 Sanders Drive, Cadiz, KY 42211

    View on Map
    Claim this Listing
    For Sale
    $425,500

    Commercial, 1 Story - Cadiz, KY

    Property size:
    8,545 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $49/SF
    Added:
    Apr 9, 2026
    Days on Market:
    49
    Last Refresh:
    May 27 at 11:06 pm

    Property Features for 51 Sanders Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    8,545 SF
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Vaughn Butts

    Listing agent Lisa Vaughn Butts License #299396

    Listing office KY Homes Realty 246 Outlet Avenue, Eddyville, KY

    Listing date Apr 9, 2026

    MLS# 136406 Listing URL

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

    HighLights

    • High‑visibility location in a prime business district of Cadiz, KY.
    • Versatile 8,545 sq. ft. building on approximately ±0.4 acres.
    • 4,465 sq. ft. heated and cooled storefront currently operating as a tanning salon with 12 beds (including red light therapy).
    • Dedicated fitness area with space for classes and future expansion.
    • Four rentable storage units in the rear, two with bathroom facilities, suitable for office/workshop use.
    • Multiple revenue stream potential for investors or owner‑operators.

    Overview

    Located in Cadiz, KY, this commercial property offers a versatile 8,545 sq. ft. building situated on approximately 10.4 acres within a high-visibility business district. The property features a 4,465 sq. ft. heated and cooled storefront, currently operating as a tanning salon with 12 active beds, including a red light therapy bed. It also includes a dedicated fitness area suitable for classes and future expansion. The rear of the property contains four rentable storage units, two of which are equipped with bathroom facilities, making them suitable for office, workshop, or additional income-producing uses. Most contents convey with the sale, excluding spray tan equipment. This property presents potential for investors or owner-operators seeking multiple revenue streams.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cadiz
    County
    Trigg
    State
    Kentucky
    Longitude
    -87.8159
    Latitude
    36.8031

    Nearby Similar for Sale

    • $12,500,000
      2,570 SF

      Trigg County Farmland Opportunity

      Two prime farms with strong agricultural potential and solid infrastructure.
      3320 Old Hopkinsville Rd, Cadiz, KY 42211
      View Details
    • $195,000

      Cadiz, KY Commercial Opportunity

      Beauty shop ready for business with expansion potential.
      1036 Canton Rd., Cadiz, KY 42211
      View Details
    • $170,000
      3,840 SF

      Cadiz Self-Storage Facility For Sale

      3,840 SF self-storage building with 10 units near Lake Barkley.
      308 Terrace Lane, Cadiz, KY 42211
      View Details
    • $88,900
      3,500 SF

      Spacious Commercial Building Near I-24

      3,500 SF commercial building near I-24 in Cadiz, KY.
      130 American Legion Dr, CADIZ, KY 42211
      View Details
    • $440,000

      Cadiz, KY Land Opportunity

      22 acres near lake with development potential in Cadiz, KY.
      011 Bay Lane, Cadiz, KY 42211
      View Details
    • $625,000

      Arrowhead Golf Course For Sale

      158.5+/- acre profit-producing golf course with ample frontage.
      183 Arrowhead Club Dr., Cadiz, KY 42211
      View Details
    • $75,000

      Established Salon Opportunity in Cadiz

      Salon with existing equipment, smooth transition, and expansion potential.
      53 Main Street, Cadiz, KY 42211
      View Details
    • $595,000
      4,200 SF

      Versatile Commercial/Residential Property For Sale

      Commercial/residential property with shop space and partially finished living quarters.
      21 21 Stallons Rd, Cadiz, KY 42211
      View Details

    FAQs

    What type of property is this?
    Retail space - 8,545 sq. ft. building on 10.4 acres in Cadiz.
    Where is this retail space located?
    The property is located at 51 Sanders Drive Cadiz, KY.
    What is the asking price?
    The asking price for this property is $425,500.
    What are key features of this property?
    This property features: High‑visibility location in a prime business district of Cadiz, KY.; Versatile 8,545 sq. ft. building on approximately ±0.4 acres.; **4,465 sq. ft. heated and cooled storefront currently operating as a tanning salon with 12 beds (including red light therapy).**
    (270) 388-9811
    We can help!
    Listing Contact
    Lisa Vaughn Butts
    Real Estate License ID: 299396
    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

    Thank You for Inquiry
    51 Sanders Drive, Cadiz, KY 42211
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!