Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ashland Land with Highway Frontage Title is generated by Realmo AI

    3449 13th Street, Ashland, KY 41102

    View on Map
    Claim this Listing
    For Sale
    $450,000

    LAND - Ashland, KY

    Lot size:
    1.26 Acres
    Added:
    Oct 13, 2020
    Days on Market:
    2042
    Last Refresh:
    May 16 at 10:06 am

    Property Features for 3449 13th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.26 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Vanessa Vale Team - Vanessa Vale Womack

    Listing agent Vanessa Vale Team - Vanessa Vale Womack

    Listing office LPT Realty 424 Lewis Hargett Cir 2nd Fl, Lexington, KY

    Listing date Oct 13, 2020

    MLS# 20021354 Listing URL

    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

    • 1.26+/- acre lot with 295' road frontage on a major highway (US 60) leading into Ashland, KY.
    • High traffic count (16,800 to 20,637) suitable for business.
    • Utilities (Electric, Water, Sewer, and Gas) already on the property.
    • Possible dual entrance from main road and side street.
    • Existing month‑to‑month tenant provides immediate income ($750/month).
    • Located in Ashland, which is experiencing revitalization, including a $55 million race track project.

    Overview

    This property features approximately 1.26 acres of land with about 295 feet of road frontage on 13th Street, also known as US 60, a main highway leading into and out of Ashland, KY. According to the Transportation of Kentucky's 2015 data, the traffic count ranges from 16,800 to 20,637. The site offers a possible dual entrance from the road frontage and a side entrance from Stella Drive. Electric, water, sewer, and gas utilities are already available on the property. The empty lots previously had buildings that have been removed. A home on the far left lot (13th St and Stella Dr) currently has a month-to-month tenant paying $750 per month, with the option to provide a termination notice to vacate. Ashland is undergoing revitalization with several new restaurants and businesses, including a $55 million quarter horse race track project called Revolutionary Racing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Boyd
    State
    Kentucky
    Longitude
    -82.668997
    Latitude
    38.456477

    Nearby Similar for Sale

    • $999,900
      6,980 SF

      Downtown Ashland Commercial Building For Sale

      Free-standing brick building with over 5,000 sq ft and parking.
      1901 Winchester Avenue, Ashland, KY 41101
      View Details
    • $750,000

      Downtown Ashland Mixed-Use Opportunity

      Commercial property in accessible location near bridges and transportation routes.
      226 17th Street, Ashland, KY 41101
      View Details
    • $599,000
      62,276 SF

      Commercial Property in Downtown Ashland

      Versatile commercial property in downtown Ashland, Kentucky, for sale.
      226 17th Street, Ashland, KY 41101
      View Details
    • $149,900
      1,632 SF

      Ashland, KY Turnkey Duplex

      Turnkey duplex in Ashland, KY with strong income potential.
      341 31st Street, Ashland, KY 41101
      View Details
    • $1,100,000
      5,164 SF

      Ashland Office Building For Sale

      Commercial office building in Ashland, Kentucky, with leasing potential.
      1901 Winchester Avenue, Ashland, KY 41101
      View Details
    • $299,000

      Versatile Commercial Building in Ashland

      Move-in-ready building in high-traffic retail hub with ample parking.
      1324 Cannonsburg Road, Ashland, KY 41102
      View Details
    • $575,000

      Retail Pad Site For Sale

      Retail pad site available in a competitive Ashland retail corridor.
      227 Russell Road, Ashland, KY 41169
      View Details
    • $219,900
      2,758 SF

      Ashland Commercial Building For Sale

      Two-story commercial building with recent updates, suitable for various business uses.
      1824 Carter Ave., Ashland, KY 41101
      View Details
    • $100,000

      Ashland Trailer Park Investment

      Income-generating 3-unit trailer park in Ashland, Kentucky.
      2704-2708 Jason Road, Ashland, KY 41102
      View Details
    • $450,000

      Commercial Land on US 60

      1.26 acre commercial land with utilities on US 60.
      3449 13th Street, Ashland, KY 41102
      View Details
    • $1,870,848
      3,520 SF

      Dairy Queen Investment Opportunity

      Long-term Dairy Queen lease with attractive rent increases.
      3300 13th St, Ashland, KY 41102
      View Details
    • $175,000

      High-Traffic Location on State Route

      High-visibility commercial property with road frontage on a well-traveled route.
      350 State Route 716, Ashland, KY 41102
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.26+/- acres with utilities and high traffic US 60 frontage.
    Where is this commercial land located?
    The property is located at 3449 13th Street Ashland, KY.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 1.26+/- acre lot with **295' road frontage on a major highway (US 60)** leading into Ashland, KY.; High traffic count (16,800 to 20,637) suitable for business.; Utilities (Electric, Water, Sewer, and Gas) already on the property.
    (859) 806-8253
    We can help!
    Listing Contact
    Vanessa Vale Team - Vanessa Vale Womack
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3449 13th Street, Ashland, KY 41102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!