Your AI Navigator in Commercial Real Estate
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

    89 Rodeo Dr Corbin, KY 40701

    Sponsored
    For Sale
    Contact for pricing

    LAND - Corbin, KY

    Lot size:
    0.51 Acres
    Days on Market:
    73
    Last Refresh:
    Jan 18 at 11:06 pm

    Property Features for 89 Rodeo Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1A
    APN
    120-00-00-258.00.89
    Lot size
    0.51 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Donna S Cheek
    Donna S Cheek

    Century 21 Advantage Realty (606) 878-0021 [email protected]

    Listing agent Donna S Cheek (606) 312-2480

    Listing date Nov 7, 2025

    MLS# 22006218 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Residential Building Lots in Corbin, KY

    Holly Grove Estates offers residential building lots suitable for homes with a minimum of 1200 square feet. The lots, approximately 0.51 acres in size, are situated in a natural environment. Underground utilities, including accessible electric and water, are available. The lots have black top road frontage and are conveniently located approximately 0.5 miles from Keavy Elementary, near Laurel Lake off Corbin I-75 exit 29. The school system is Laurel County, with South Laurel High & Middle Schools. The property is zoned R-1A.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Department Store Storage Facility Grocery Store Garden Center Convenience Store Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Corbin
    County
    Whitley
    State
    Kentucky
    Longitude
    -84.177338
    Latitude
    36.991922

    Nearby Similar for Sale

    • New
      $949,900
      7,232 SF

      Luxury Estate with Income Potential

      Spacious Corbin estate with multi-family and income-producing potential.
      48 Tori Pine Ln, 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 Rd, Corbin, KY 40701
      View Details
    • $850,000
      11,158 SF

      Corbin Commercial Property on Main

      Commercial property on 1.1 acres with office and warehouse.
      2400 S Main St, Corbin, KY 40701
      View Details
    • $179,000
      1,508 SF

      Corbin Duplex: Investment Opportunity

      Two-unit duplex in Corbin, Kentucky, currently generating rental income.
      319 16Th St, Corbin, KY 40701
      View Details
    • $895,000
      0.26 Acres

      Historic Corbin Hotel Opportunity

      Historic 11,218 sq ft Corbin building with redevelopment potential.
      1823 S Main St, Corbin, KY 40701
      View Details
    • $219,000
      2,720 SF

      Former Restaurant and Bar

      Restaurant and bar with equipment and stage for performances.
      408 S Main St, Corbin, KY 40701
      View Details
    • New
      $329,000
      Pending

      Versatile Two-Story Brick Property

      Adaptable duplex or spacious single-family home with desirable features.
      59 Running Fox Ln, 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 St, Corbin, KY 40701
      View Details
    • $390,000
      4.00 Acres

      Versatile Estate Near I-75

      4-acre estate with homes, barns, and outbuildings near I-75.
      Corbin, KY 40701
      View Details
    • $999,900
      10,392 SF

      Historic Downtown Corbin Mixed-Use Property

      Turnkey, renovated historic building with mixed-use potential in downtown Corbin.
      500 S Main St Lot St, Corbin, KY 40701
      View Details
    • $5,999,000

      Commercial Property in Corbin, KY

      Commercial property for sale in Corbin, Kentucky.
      13143 N Us25 E, 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 Hwy, Corbin, KY 40701
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential building lots in a natural setting near Laurel Lake.
    Where is this residential land & home lot located?
    The property is located at 89 Rodeo Dr Corbin, KY.
    What is the asking price?
    The asking price for this property is $21,000.
    What are key features of this property?
    This property features: - Large residential building lots (1/2 acre) suitable for homes 1200SF or larger.; - Convenient location: 1/2 mile from Keavy Elementary and near Laurel Lake (Corbin I-75 exit 29).; - Underground utilities (electric and water available) and black top road frontage.
    (606) 312-2480
    Request Owner's contact information
    89 Rodeo Dr Corbin, KY 40701
    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.
    89 Rodeo Dr
    Corbin, KY 40701
    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
    89 Rodeo Dr Corbin, KY 40701
    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
    Donna S Cheek
    Donna S Cheek
    (606) 312-2480
    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.