Historic Florist
For Sale
$390,000
223 Helm St, Elizabethtown, KY 42701
C-5-zoned retail property offered with an established florist business, inventory, fixtures, and online ordering platform.
Property Size2,641 SF
Lot Size0.17 Acres
Price / SF$147.67
Days on Market153
Property Features for 223 Helm St
General Information
Standard status
Active
Size
2,641 SF
Total Parking Spaces
4
Lot size
0.17 Acres
Property subtype
Retail
Zoning
C-5
Additional Details
Business Included
Yes
Amenities
Power
Water
Sewer
Natural Gas
4 Parking Spaces
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Schuler Bauer Real Estate Services ERA Powered
(270) 300-2753
Listed By:
Valencia Claycomb
(270) 300-2753
Source:
Kcrea.resimplifi
Added: Mar 30
Changed: Aug 27
Last Checked: Aug 29 at 5:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Schuler Bauer Real Estate Services ERA Powered
Investment Insights
Based on property information with market context.
This C-5-zoned storefront combines a retail and floral-design operation with the underlying commercial real estate. The approximately 2,641-square-foot building dates to 1900 and has been updated for contemporary retail use. The sale includes the Rosey Posey Florist business, furniture, fixtures, software, accounts, inventory, and gift merchandise, along with systems supporting online orders and delivery service.
Located at 223 Helm St in Elizabethtown, the property sits near the historic downtown square and Dixie Ave. The business serves Elizabethtown and surrounding communities, with offerings that include custom floral arrangements, event work, home décor, plush animals, religious tokens, and seasonal gift baskets. Current operating hours are Monday through Friday from 9 AM to 5 PM and Saturday from 9 AM to 12 PM.
Located at 223 Helm St in Elizabethtown, the property sits near the historic downtown square and Dixie Ave. The business serves Elizabethtown and surrounding communities, with offerings that include custom floral arrangements, event work, home décor, plush animals, religious tokens, and seasonal gift baskets. Current operating hours are Monday through Friday from 9 AM to 5 PM and Saturday from 9 AM to 12 PM.
Key Highlights
- Approximately 2,641 sq. ft. of retail and floral‑design space
- 1900 building with updates supporting current retail operations
- C‑5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,177
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$583,540
$583.5K
Cap Rate 7%
$416,814
$416.8K
Cap Rate 9%
$324,189
$324.2K
Market Conditions
NOI Build-Up for 2,641 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.4K $16.44/SF
− Vacancy
−$1.7K −$0.66/SF
EGI
$41.7K $15.78/SF
− OpEx
−$12.5K −$4.73/SF
NOI
$29.2K $11.05/SF
Area
Hardin County, KY
Vacancy
4.00%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$583,540
Cap Rate 7%
$416,814
Cap Rate 9%
$324,189
Alternative Uses
Best Use
Retail
$416.8K
$364.7K – $486.3K
NOI $29,177 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.1K
$418.3K – $557.8K
NOI $33,467 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 42701, KY
52,731
Population
23,565
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
94%
High-School Grad
161.8 sq mi
ZIP Area
326
Density / Sq Mi
$68,715
Median Household Income
$44,251
Median Earnings
$902
Median Rent
$235,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flowers By Denizen — 117 W Dixie Ave, Elizabethtown, KY 42701
Frequently Asked Questions
What type of property is this?
Storefront property - C-5-zoned retail property offered with an established florist business, inventory, fixtures, and online ordering platform.
Where is this storefront property located?
The property is located at 223 Helm St Elizabethtown, KY.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Approximately 2,641 sq. ft. of retail and floral‑design space; 1900 building with updates supporting current retail operations; C‑5 zoning
