Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 Us Highway 62 W Princeton, KY 42445

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,850,000

    Fully leased retail center with national tenants and high visibility.

    We can help!

    Listing Contact
    Matt Stone, Ccim, Sior, Mba
    Source: Svn

    Listing Agent: Matt Stone, Ccim, Sior, Mba

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

    Learn more

    Overview

    Princeton Retail Center on US 62

    This retail property is located in the center of Princeton’s main retail corridor, offering strong visibility and easy access on one of the area’s busiest roads. The center is fully leased to reliable national tenants, bringing consistent traffic from Caldwell County and nearby communities. Its close proximity to I-69 makes it a key retail stop in Western Kentucky, with solid co-tenancy and limited nearby competition, positioning this asset for steady, long-term performance. The property is 100% leased to national credit tenants. There was an early 5-year lease renewal for Ruler Foods. A new 10-year lease with Marshalls was signed in 2024. The property is positioned on US 62, Princeton’s main retail artery. Nearby national retailers include Walmart, McDonald’s, CVS, and AutoZone. It is less than 2 miles from downtown Princeton and Caldwell Medical Center. The property has convenient access to Interstate 69 and draws from a wide trade area across Caldwell and neighboring counties. It features high visibility and easy ingress/egress with multiple access points.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

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

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM, Princeton Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Caldwell
    State
    Kentucky
    Longitude
    -87.905194
    Latitude
    37.11126

    Nearby Similar for Sale

    • $89,900
      2,250 SF

      Princeton Commercial Building For Sale

      2250 SF commercial building in very good condition for sale.
      705 Mechanic St, Princeton, KY 42445
      View Details
    • $279,900
      1,770 SF

      Mini Farm with Horse Amenities

      Charming home on 10.41 acres, perfect for mini farm.
      1187 Ray Rd, Princeton, KY 42445
      View Details
    • $249,000

      Commercial Building on Corner Lot

      Commercial building on a 1-acre corner lot in Princeton.
      4961 Cadiz Rd, Princeton, KY 42445
      View Details
    • $2,699,900
      4,329 SF

      Kentucky Farmhouse Estate and Venue

      Historical 25-acre Kentucky farm, wedding venue, and Airbnb property.
      12597 S Jefferson St, Princeton, KY 42445
      View Details
    • $4,850,000

      Princeton Retail Center For Sale

      Retail center anchored by national tenants in Princeton, Kentucky.
      500 Us Highway 62 W, Princeton, KY 42445
      View Details
    • $275,000

      Prime Commercial Space in Princeton

      Versatile commercial space in a high-traffic Princeton location.
      119 E Legion Dr, Princeton, KY 42445
      View Details
    • $99,900
      4,000 SF

      Downtown Princeton Commercial Gem

      Commercial building with upstairs 3-bedroom loft in downtown Princeton.
      124 E Main St, Princeton, KY 42245
      View Details
    • $70,000
      1,708 SF

      Princeton Commercial Building - Huge Potential

      Versatile building, .7-acre lot, endless possibilities.
      4000 Farmersville Rd, Princeton, KY 42445
      View Details

    FAQs

    What type of property is this?
    Shopping center - Fully leased retail center with national tenants and high visibility.
    Where is this shopping center located?
    The property is located at 500 Us Highway 62 W Princeton, KY.
    What is the asking price?
    The asking price for this property is $4,850,000.
    What are key features of this property?
    This property features: - 100% Leased to National Credit Tenants, ensuring stable income.; - Positioned on Princeton’s main retail artery (US 62) with high visibility and easy access.; - Convenient access to Interstate 69, making it a key retail stop.
    (859) 351-5444
    Request Owner's contact information
    500 Us Highway 62 W Princeton, KY 42445
    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.
    500 Us Highway 62 W
    Princeton, KY 42445
    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
    500 Us Highway 62 W Princeton, KY 42445
    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
    Matt Stone, Ccim, Sior, Mba
    (859) 351-5444
    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!