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    Commercial Property with Residential Home Title is generated by Realmo AI

    8058 State Route 141 S, Morganfield, KY 42437

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    For Sale
    $419,900

    Commercial,Residence Included - Morganfield, KY

    Property size:
    12,817 SF
    Lot size:
    6.74 Acres
    Price / SF:
    $32/SF
    Added:
    May 20, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 8058 State Route 141 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security System
    Interior features
    Security System
    Exterior features
    Parking-Paved, Storage
    Appliances
    Barbeque or Grill, Oven - Double, Refrigerator
    Standard status
    Active
    Size
    12,817 SF
    Lot size
    6.74 Acres

    Utilities

    Heating system
    Forced Air, Propane (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Building materials
    Other
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Mason Roberts

    Listing agent Mason Roberts

    Listing office Coldwell Banker Complete Realty 1096 N. MAIN, MADISONVILLE, KY

    Listing date May 20, 2026

    MLS# 121905 Listing URL

    Copyright © 2026 Madisonville-Hopkins County Board 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.

    HighLights

    • Combined commercial and residential property: Convenience store with equipment and a 4‑bedroom, 2‑bath brick home.
    • Sizeable commercial space: 12,817.91 total square feet on 6.74+\/- acres with blacktop parking.
    • Operating convenience store: Includes 2 gas pumps with recently inspected tanks, coolers, pizza oven, and display racks.
    • Additional income potential: Liquor licenses are available in the county.
    • Property includes 2 additional exterior buildings with electric.
    • Amenities include paved parking, security system, storage, barbeque grill, double oven, refrigerator, forced air heating, propane heating, central air, and metal roof.

    Overview

    Located at 8058 State Route 141 S in Morganfield, Kentucky, this property presents a unique opportunity. Situated on approximately 6.74 acres, the site features blacktop parking and a total area of 12,817.91 square feet. The property includes a convenience store equipped with two gas pumps, inspected tanks, coolers, a pizza oven, display racks, and other operating equipment. There are also two additional exterior buildings, all with electric. The county offers the possibility of obtaining liquor licenses, potentially enhancing business opportunities. Furthermore, the property includes a four-bedroom, two-bath brick home, making it suitable for an owner-operator or investor seeking multiple income streams.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Food Market Grocery & Convenience Store Wine and Liquor Store Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Morganfield
    County
    Union
    State
    Kentucky
    Longitude
    -87.827826
    Latitude
    37.628103

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    FAQs

    What type of property is this?
    Grocery and convenience store - Commercial property with convenience store and a four-bedroom home.
    Where is this grocery and convenience store located?
    The property is located at 8058 State Route 141 S Morganfield, KY.
    What is the asking price?
    The asking price for this property is $419,900.
    What are key features of this property?
    This property features: Combined commercial and residential property: Convenience store with equipment and a 4‑bedroom, 2‑bath brick home.; Sizeable commercial space: 12,817.91 total square feet on 6.74+\/- acres with blacktop parking.; Operating convenience store: Includes 2 gas pumps with recently inspected tanks, coolers, pizza oven, and display racks.
    (270) 821-3131
    We can help!
    Listing Contact
    Mason Roberts
    Request Owner's contact information
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    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
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