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    Stanton Mixed-Use Commercial Opportunity Title is generated by Realmo AI

    101 N Main Street, Stanton, KY 40380

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    Claim this Listing
    Pending
    $315,000

    COMMERCIAL - Stanton, KY

    Property size:
    1,800 SF
    Lot size:
    0.12 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    184
    Last Refresh:
    May 20 at 7:06 am

    Property Features for 101 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    10
    Standard status
    Pending
    APN
    0S1-00-20-006.00
    Size
    1,800 SF
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Building materials
    Brick, Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    R Michelle Rowland-Noble

    Listing agent R Michelle Rowland-Noble License #245482

    Listing office Dream Maker Realty, LLC 1901 Camargo Rd Michelle Rowland, Mt Sterling, KY

    Listing date Nov 17, 2025

    MLS# 25506324

    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.

    HighLights

    • High‑visibility location in downtown Stanton, near Red River Gorge, benefiting from tourist traffic and local business.
    • Flexible layout suitable for medical, wellness, professional services, or residential use.
    • Includes a 2‑bedroom apartment, ideal for owner‑occupancy, employee housing, or conversion to office space.
    • Currently configured with multiple private offices and exam rooms.
    • Brick and vinyl siding construction with shingle roof.
    • Equipped with central air conditioning and electric heating.

    Overview

    Located in downtown Stanton, near the Red River Gorge, this property at 101 Main Street offers a high-visibility location suitable for various business or investment opportunities. The property is currently home to Raven Rock Health & Wellness and features multiple private offices and exam rooms on the main level, making it ideal for medical, wellness, or professional services. The layout is flexible, providing a strong Main Street presence. The building also includes a full 2-bedroom apartment upstairs, which adds versatility for owner-occupancy, employee housing, or conversion to additional office space. The property is situated in Powell County's vibrant center, surrounded by local shops, dining, and growing tourist traffic drawn to the area's natural beauty and outdoor adventures. The lot size is 0.121 acres, and the property size is 1800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Stanton Veterinary Clinic — 476 Washington St, Stanton, KY 40380

    Location Insight

    • Map
    • Local Demand
    City
    Stanton
    County
    Powell
    State
    Kentucky
    Longitude
    -83.858494
    Latitude
    37.847489

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    FAQs

    What type of property is this?
    Medical Office Space - Versatile commercial property in downtown Stanton near Red River Gorge.
    Where is this medical office space located?
    The property is located at 101 N Main Street Stanton, KY.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: High‑visibility location in downtown Stanton, near Red River Gorge, benefiting from tourist traffic and local business.; Flexible layout suitable for medical, wellness, professional services, or residential use.; Includes a **2‑bedroom apartment, ideal for owner‑occupancy**, employee housing, or conversion to office space.
    (859) 585-9993
    We can help!
    Listing Contact
    R Michelle Rowland-Noble
    Real Estate License ID: 245482
    Learn More
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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.

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