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

    108 E Dixie Ave Elizabethtown, KY 42701

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Storefront in downtown Elizabethtown, walking distance to amenities.

    Type:Retail, Office
    Added:
    Dec 6, 2024
    Days on Market:
    494
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 108 E Dixie Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1957

    Spaces For Lease

    at 108 E Dixie Ave Contact us

    Upper Level $1.77 /Mo

    Size
    1,689 SF
    Type
    Retail, Office
    Contact us

    Lower Level $1.77 /Mo

    Size
    1,689 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Roger Gonterman

    Listing agent Roger Gonterman License #KY 217173

    Listing office Platinum Plus Realty

    Listing date Dec 6, 2024

    Source Crexi

    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 Platinum Plus Realty

    Overview

    Elizabethtown Storefront in High-Traffic Area

    This storefront property is located in a high-traffic area of downtown Elizabethtown. The location offers walking distance to popular restaurants, stores, and the judicial area. The storefront faces the main street and offers high visibility in a rapidly growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.8576196
    Latitude
    37.6926494

    Nearby Similar for Lease

    • $14/mo

      Retail Space For Rent

      Retail and office space available for lease.
      719 E Dixie Ave, Elizabethtown, KY 42701
      View Details
    • $14/mo

      Behavioral Health Facility Sublease Available

      64-bed residential behavioral health facility for sublease in Elizabethtown, KY.
      100 Diecks Drive, Elizabethtown, KY, 42701
      View Details
    • $23/mo

      Office Space For Rent

      Single tenant office space available for rent.
      6795 N Dixie Hwy, Elizabethtown, KY 42701
      View Details
    • Contact for pricing

      Move-In Ready Commercial Space

      High-visibility commercial space for lease, customizable and move-in ready.
      950 N Mulberry St Ste 290, Elizabethtown, KY, 42701-3630
      View Details
    • Contact for pricing

      Industrial Space for Sublease

      Industrial space available for sublease in Elizabethtown, Kentucky.
      204 Production Dr, Elizabethtown, KY 42701
      View Details
    • Contact for pricing

      Retail Space in Elizabethtown, KY

      Retail space available in Elizabethtown, Kentucky, anchored by national tenants.
      1507 Ring Rd, Elizabethtown, KY
      View Details
    • Contact for pricing

      Retail Space Near Major Retailers

      Retail space in Elizabethtown near major shopping destinations.
      1900-1998 N Dixie Hwy, Elizabethtown, KY
      View Details
    • Contact for pricing

      High-Traffic Commercial Space Near I-65

      2,500 sq ft commercial space in thriving business hub.
      950 N Mulberry St Ste 200, Elizabethtown, KY, 42701-3630
      View Details
    • Contact for pricing

      Commercial Showroom and Warehouse Space

      80,000 SF showroom and warehouse space available for rent.
      213 Peterson Dr, Elizabethtown, KY 42701
      View Details
    • Contact for pricing

      Professional Offices Near I-65

      Charming professional office spaces available for rent in Elizabethtown, KY.
      2935 Dolphin Dr, Elizabethtown, KY 42701
      View Details

    FAQs

    What type of property is this?
    Storefront property - Storefront in downtown Elizabethtown, walking distance to amenities.
    Where is this storefront property located?
    The property is located at 108 E Dixie Ave Elizabethtown, KY.
    What are key features of this property?
    This property features: High‑traffic location in downtown Elizabethtown; Highly visible storefront facing main street; Walking distance to popular restaurants and stores
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Roger Gonterman
    Real Estate License ID: KY 217173
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!