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
    The Largest CRE Database in the US with Over 1 Million Listings

    611 E Main St Scottsville, KY 42164

    Sponsored
    For Sale
    Under Contract
    $129,900

    Commercial - Scottsville, KY

    Lot size:
    0.12 Acres
    Days on Market:
    147
    Last Refresh:
    Jan 26 at 9:06 pm

    Property Features for 611 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    4-24-8
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1925
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Sandy Mills

    Mills Real Estate & Auction (270) 618-7800

    Listing agent Sandy Mills (270) 618-7800 License #204090

    Listing date Sep 2, 2025

    MLS# RA20253284 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.

    Learn more

    Property Insight Report

    Overview

    Downtown Scottsville Office Building Opportunity

    This commercial office building is located in the downtown business district of Scottsville, Kentucky. The property is currently the location of the Citizen Times newspaper, which is relocating to a new space. The lot size is 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsville
    County
    Allen
    State
    Kentucky
    Longitude
    -86.1843622
    Latitude
    36.7527403

    Nearby Similar for Sale

    • $625,000
      4,500 SF

      Scottsville Residential Farm with Workshop

      Spacious 7-bedroom home on 10 acres near Barren River.
      6233 New Glasgow Rd, Scottsville, KY 42164
      View Details
    • $1,400,000
      154.00 Acres

      Allen County Farm For Sale

      154 acre farm with creek frontage and barndominium under construction.
      4053 Halfway Halifax Rd, Scottsville, KY 42164
      View Details
    • $1,150,000
      151.03 Acres

      151-Acre Farm in Scottsville, KY

      151-acre farm with wooded and open land near Scottsville.
      151 Acres Carl Hurt Rd, Scottsville, KY 42164
      View Details
    • $1,400,000
      172.79 Acres

      172 Acres Farm in Scottsville

      172.799 Acres farm with road frontage and creek.
      172 Acres Spears Rd, Scottsville, KY 42164
      View Details
    • $3,420,000
      228.00 Acres

      Scottsville Farmland Opportunity

      Large, mostly open farmland near Scottsville, KY.
      3000 Holland Rd, Scottsville, KY 42164
      View Details
    • $149,999
      0.45 Acres

      Scottsville Commercial Space For Sale

      Flexible commercial space ideal for retail or restaurant business.
      1137 Old Glasgow Rd, Scottsville, KY 42164
      View Details
    • $124,900
      0.19 Acres

      Scottsville Mixed-Use Income Property

      Two-story commercial building with restaurant, retail, and residential income potential.
      108 N Court St, Scottsville, KY 42164
      View Details
    • $1,843,000
      194.40 Acres

      Prime Agricultural Land Near Scottsville

      Two combined farms totaling 194.4 acres near Scottsville, Kentucky.
      194.4 Acres Holland Rd, Scottsville, KY 42164
      View Details
    • $259,000
      1,300 SF

      Scottsville Farm with New Home

      Nearly new home on 1.5 acres near Walnut Creek Marina.
      1230 Pea Ridge Rd, Scottsville, KY 42164
      View Details
    • $1,375,000
      117.71 Acres

      Scottsville Farm with River Frontage

      117.71 acres with extensive Barren River and creek frontage.
      117.71 Acres Cemetery Rd, Scottsville, KY 42164
      View Details
    • $229,900
      0.30 Acres

      Remodeled Duplex Investment Opportunity

      Newly remodeled duplex in Scottsville, Kentucky, ready for investment.
      1698 Old Glasgow Rd, Scottsville, KY 42164
      View Details
    • $449,900
      0.40 Acres

      Versatile Commercial Property in Scottsville

      High-traffic commercial property with retail, shop, and warehouse spaces.
      509 E Main St, Scottsville, KY 42164
      View Details

    FAQs

    What type of property is this?
    Office building - Prime office building in downtown Scottsville, Kentucky.
    Where is this office building located?
    The property is located at 611 E Main St Scottsville, KY.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: - Prime office building in downtown business district; - Currently the Citizen Times newspaper location; - Durable brick construction
    (270) 618-9560
    Request Owner's contact information
    611 E Main St Scottsville, KY 42164
    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.
    611 E Main St
    Scottsville, KY 42164
    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
    611 E Main St Scottsville, KY 42164
    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
    Sandy Mills
    Real Estate License ID: 204090
    (270) 618-9560
    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.