Add Listing
    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

    106 Main St Walton, KY 41094

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,300,000

    High-return, multi-tenant commercial property.

    Property Features for 106 Main St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    47,045 SF

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Doug Mayberry

    Listing Agency: Huff Realty - Florence Listing Agent: Doug Mayberry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional mixed-use property, located at 106 N Main Street Unit 106 in Walton, Kentucky, presents a lucrative investment opportunity. The 1.08-acre lot encompasses a thriving commercial complex totaling over 14,000 square feet. A key component is a fully leased 2,257 square foot restaurant, complete with all fixtures, furniture, and equipment (FF&E). This ensures immediate and consistent rental income. Adding to the property's versatility is a 1,807 square foot former delicatessen space, offering significant potential for redevelopment or lease to a new tenant. The property also includes a substantial 9,718 square foot meat processing facility, equipped with a cooler and freezer, representing a unique and potentially high-demand component. The property's diverse tenant mix and substantial size make it an ideal investment for those seeking a strong return on investment in a desirable Kentucky location. The asking price is $1,300,000. This presents a rare chance to acquire a well-established, multi-faceted commercial property with significant upside potential. The property's location in Walton, KY offers easy access to major transportation routes and a strong local market. Serious inquiries are encouraged.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Walton
    County
    Boone
    State
    Kentucky
    Longitude
    -84.61311
    Latitude
    38.87039

    Nearby Similar for Sale

    • $449,000
      12,180 SF

      Walton Multifamily Investment Opportunity

      Value-add multifamily property in Walton, Kentucky with redevelopment potential.
      85 N Main St, Walton, KY 41094
      View Details
    • $899,000
      31.31 Acres

      31 Acres in Boone County

      31 acres perfect for horses, livestock, or private homestead.
      Chambers Rd, Walton, KY 41094
      View Details
    • $1,334,000
      46.00 Acres

      46 Acres in Boone County

      Versatile 46-acre property in Boone County, Kentucky.
      7 Chambers Rd, Walton, KY 41094
      View Details
    • Contact for pricing
      891,314 SF

      Spacious Industrial Warehouse Available

      891,314 SF warehouse with crossdock configuration and expansion potential.
      100 Final Mile Blvd, Walton, KY
      View Details
    • $1,300,000
      13,783 SF

      Walton KY Retail Investment Opportunity

      Prime Downtown Walton Retail Building, 13,783 SF
      104 Main St, Walton, KY 41094
      View Details
    • Contact for pricing
      575,000 SF

      New Industrial Space Near I-75/I-71

      575,000 SF industrial space near I-75/I-71, completion May 2023.
      13015 Dixie Hwy, Walton, KY 41094
      View Details
    • $8,300,000
      118,206 SF

      Walton, KY Warehouse - $8.3M

      118,206 SF Warehouse, Excellent Location
      70 Precision Dr, Walton, KY 41094
      View Details
    • Contact for pricing
      26,600 SF

      Walton, KY Warehouse Investment Opportunity

      High-demand industrial building with strong tenant.
      3 Hoop Dr, Walton, KY 41094
      View Details
    • Contact for pricing
      118,206 SF

      Walton, KY Manufacturing Facility

      Well-maintained manufacturing facility on 9.74 acres near I-75.
      70 Precision Dr, Walton, KY 41094
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-return, multi-tenant commercial property.
    Where is this mixed-use property located?
    The property is located at 106 Main St Walton, KY.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (859) 816-3393
    Request Owner's contact information
    106 Main St Walton, KY 41094
    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.
    106 Main St
    Walton, KY 41094
    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
    106 Main St Walton, KY 41094
    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
    Doug Mayberry
    Real Estate License ID: 186924
    (859) 816-3393 (859) 525-7900 (859) 341-9000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!