Building Details

Year built 1951

Listing Agency: Benchmark Realty LLC Show Phone

Listed By: Lavena Cavanaugh · License #265940 Show Phone

Added: Aug 27 Changed: Oct 16 Last Checked: Oct 17 at 8:06PM

Report an Issue

MLS# 122214

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,100-square-foot restaurant building at 130 Cross St. includes a dining area and a fully furnished kitchen setup. The sale includes updated kitchen appliances, restaurant tools, fixtures, and furniture, providing a substantial complement of existing equipment for continued restaurant use.

Constructed in 1951, the property occupies 0.05 acres in Mortons Gap, Kentucky, within Hopkins County. The included furnishings and equipment extend throughout the kitchen and customer dining areas.

Key Highlights

• 1,100‑square‑foot commercial restaurant building
• Updated kitchen appliances and restaurant equipment included
• Dining area, kitchen tools, fixtures, and furniture convey

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,089

Cap Rate

7.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$241,780 $241.8K

Cap Rate 7%

$172,700 $172.7K

Cap Rate 9%

$134,322 $134.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,100 SF

Gross rent

$18.1K $16.44/SF

− Vacancy

−$814 −$0.74/SF

EGI

$17.3K $15.70/SF

− OpEx

−$5.2K −$4.71/SF

NOI

$12.1K $10.99/SF

Area

Hopkins County, KY

Vacancy

4.50%

Lease Rate

$16.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$241,780

Cap Rate 7%

$172,700

Cap Rate 9%

$134,322

Alternative Uses

Best Use

Retail

$172.7K

$151.1K – $201.5K (±1% cap)

NOI $12,089 @ 7.0% cap · market cap 7.33%

Second Best

Specialty Retail

$158.5K

$138.7K – $185.0K (±1% cap)

NOI $11,097 @ 7.0% cap · market cap 6.73%

Theoretical Best

Office A

$185.6K

$162.4K – $216.5K (±1% cap)

NOI $12,989 @ 7.0% cap · market cap 7.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Reflections By Jean ... Hair Salon

Suggested Use

Top Pick Auto Repair Shop Computer & Electronic Repair Hair Salon Nail Salon Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

41

Businesses Nearby

5k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,539 visits/mo 0.3 miles

U.S. Bank Shops & Services

202 visits/mo 0.2 miles

Demographics for 42440, KY

729

Population

367

Households

2

Avg Household Size

44

Median Age

7%

College-Educated

89%

High-School Grad

1.4 sq mi

ZIP Area

521

Density / Sq Mi

$38,750

Median Household Income

$38,167

Median Earnings

$688

Median Rent

$99,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Includes a furnished dining area, commercial kitchen, updated appliances, fixtures, and restaurant equipment.

Where is this conventional restaurant located?

The property is located at 130 Cross St. Mortons Gap, KY.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: 1,100‑square‑foot commercial restaurant building; Updated kitchen appliances and restaurant equipment included; Dining area, kitchen tools, fixtures, and furniture convey