Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    716 N 12Th St Murray, KY 42071

    Sponsored
    For Lease
    $12 SF/Yr

    Commercial, 1 Story - Murray, KY

    Days on Market:
    482
    Last Refresh:
    Jan 20 at 2:06 am

    Property Features for 716 N 12Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Parking
    51

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete, Laminate
    Architectural style
    Other

    We can help!

    Listing Contact
    Dustin Hawkins

    Hawkins Real Estate Advisors (270) 705-5355

    Listing agent Dustin Hawkins (270) 705-5355 License #215644

    Listing date Sep 26, 2024

    MLS# 128966 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.

    Learn more

    Property Insight Report

    Overview

    Prime Retail Space in Murray

    This 3,000 sq ft retail space is located in a premier commercial development in Murray. The property is situated next to thriving businesses and benefits from high foot traffic. Currently configured as a restaurant, the space can be transformed to suit various business needs. Zoned B-2 Highway Commercial District, the location offers all city utilities and outstanding visibility, making it suitable for attracting customers. The property is located at 716 N 12th Street, Murray, KY 42071.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Murray
    County
    Calloway
    State
    Kentucky
    Longitude
    -88.315091
    Latitude
    36.619223

    Nearby Similar for Lease

    • $3,500 /Mo

      Downtown Murray Turn Key Office

      Turn key office space for lease in downtown Murray.
      118 S 5Th St, Murray, KY 42071
      View Details
    • $2,500 /Mo

      Restaurant/Retail Space in Murray, KY

      Restaurant or retail property for lease in Murray, Kentucky.
      1310 Main St, Murray, KY 42071
      View Details
    • $2,200 /Mo

      Prime Commercial Space in Murray

      2,000 Sq Ft retail/office space near Walmart.
      811 N 12Th St, Murray, KY 42071
      View Details
    • $2,800 /Mo

      Retail Space in Olive Plaza

      Highly visible retail space available in Murray, Kentucky.
      201 N 12Th St, Murray, KY 42071
      View Details
    • $32 SF/Yr

      Retail Space Near Murray State

      Retail spaces available in shopping center near Murray State University.
      1300 Ky-121, Murray, KY 42071
      View Details
    • $12 SF/Yr

      Prime Retail Space in Murray

      Adaptable 4,000 sq ft retail space in a bustling area.
      718 N 12Th St, Murray, KY 42071
      View Details
    • $15 SF/Yr

      Retail Space in High-Traffic Area

      Over 6,900 sqft retail space in Murray, KY's retail district.
      616 N 12Th St, Murray, KY 42071
      View Details
    • $4,400 /Mo

      Prime Retail Space in Murray

      4,000 SF commercial space in front of Walmart SuperCenter.
      815 N 12Th St, Murray, KY 42071
      View Details
    • $12 SF/Yr

      Prime Retail Space in Murray

      2,500 sq ft retail space in premier commercial development.
      708 N 12Th St, Murray, KY 42071
      View Details
    • $3,250 /Mo

      Warehouse Space in Murray, KY

      5,000 sq ft warehouse space for lease in Murray.
      90 Spruce St, Murray, KY 42071
      View Details
    • $750 /Mo

      Multi-Tenant Office Suites in Murray

      Office suites with shared amenities and utilities included, near Murray State.
      109 S 15Th St, Murray, KY 42071
      View Details
    • $650 /Mo

      Multi-Tenant Office Suites For Rent

      Multi-tenant office building with suites, shared amenities, and utilities included.
      109 S 15Th St, Murray, KY 42071
      View Details

    FAQs

    What type of property is this?
    Retail space - 3,000 sq ft retail space in premier commercial development.
    Where is this retail space located?
    The property is located at 716 N 12Th St Murray, KY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in a premier Murray commercial development with high foot traffic.; - Versatile **3,000 sq ft retail space** adaptable to various business needs.; - Currently set up as a restaurant, offering potential for immediate operation.
    (270) 705-5355
    Request Owner's contact information
    716 N 12Th St Murray, KY 42071
    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.
    716 N 12Th St
    Murray, KY 42071
    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
    716 N 12Th St Murray, KY 42071
    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
    Dustin Hawkins
    Real Estate License ID: 215644
    (270) 705-5355
    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.