Building Details

Year Built 1960

Listing Agency: Realty Associates, Inc. p***@wakeaction.com Show Phone

Listed By: Patty Loeser Show Phone

Source: Kcrea.resimplifi

Added: Jun 8 Changed: Aug 28 Last Checked: Aug 28 at 6:53AM

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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 Realty Associates, Inc.

Investment Insights

Based on property information with market context.

This storefront property was built in 1960 and is positioned on Main Street in Taylorsville. Two entrances from Main Street provide distinct access points, and the building can be arranged for separate business operations.

The property carries B-1 zoning and is located at 46 E Main St, Taylorsville, KY 40071. Its existing configuration offers flexibility for an owner-user or commercial occupant seeking a storefront setting with the potential to divide the space into two areas.

Key Highlights

• Two separate entrances from Main Street
• B‑1 zoning
• Building constructed in 1960

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

$28,227

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

8.06%

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%

$564,540 $564.5K

Cap Rate 7%

$403,243 $403.2K

Cap Rate 9%

$313,633 $313.6K

Market Conditions

NOI Build-Up for 2,825 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

$44.1K $15.60/SF

− Vacancy

−$3.7K −$1.33/SF

EGI

$40.3K $14.27/SF

− OpEx

−$12.1K −$4.28/SF

NOI

$28.2K $9.99/SF

Area

Spencer County, KY

Vacancy

8.50%

Lease Rate

$15.60 /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%

$564,540

Cap Rate 7%

$403,243

Cap Rate 9%

$313,633

Alternative Uses

Best Use

Retail

$403.2K

$352.8K – $470.5K (±1% cap)

NOI $28,227 @ 7.0% cap · market cap 8.06%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$595.6K

$521.1K – $694.8K (±1% cap)

NOI $41,689 @ 7.0% cap · market cap 11.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Taylorsville Sporting Goods (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Cafe & Coffee Shop

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

Location Intelligence

Trade Area within ½ mile

231

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 40071, KY

16,106

Population

6,264

Households

2.6

Avg Household Size

42

Median Age

21%

College-Educated

93%

High-School Grad

121.3 sq mi

ZIP Area

133

Density / Sq Mi

$97,349

Median Household Income

$45,121

Median Earnings

$941

Median Rent

$297,900

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Storefront property - B-1-zoned commercial building with separate Main Street entrances and a layout that can accommodate two businesses.

Where is this storefront property located?

The property is located at 46 E Main St Taylorsville, KY.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Two separate entrances from Main Street; B‑1 zoning; Building constructed in 1960