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

    236 16Th St Ashland, KY 41101

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Historic Downtown Office Space

    Lot size:
    4,200 SF

    Property Features for 236 16Th St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,200 SF
    Class
    A

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 236 16Th St, Ashland, KY 41101 Contact us

    We can help!

    Listing Contact
    Paul Castle

    Listing Agency: Memmer Realty Listing Agent: Paul Castle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A commercial property, located at 236 16th St, Ashland, KY 41101, offers 4,200 square feet of versatile space in a beautifully renovated historic building. Built in 1920, this two-story building boasts 15-foot ceilings and features a single-tenant occupancy. The property is zoned for both commercial and residential use, providing flexibility for a variety of businesses. With 25 parking spaces available, ample room for clients and staff is ensured. The building's prime location in Ashland's revitalized downtown area, enhanced by recent improvements including modern roundabouts, offers excellent walkability and visibility. The space is currently shell space, providing a blank canvas for a tenant to customize to their specific needs. This presents a unique opportunity to create a bespoke office, retail space, or other commercial venture in a thriving downtown setting. The building's historic charm combined with its modern potential makes it an ideal location for businesses seeking a unique and memorable space. The property's cross street is Winchester Avenue. This is a rare opportunity to secure a prominent location in a rapidly developing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Boyd
    State
    Kentucky
    Longitude
    -82.6390385
    Latitude
    38.4787438

    Nearby Similar for Lease

    • Contact for pricing

      Modern Office Space in Ashland

      Prime office spaces with modern amenities in a vibrant location.
      350 Diederich Blvd, Ashland, KY 41101
      View Details
    • Contact for pricing
      19,000 SF

      Boyd County Warehouse Space Available

      19,000 SF divisible warehouse space in Ashland, KY.
      1350 Wolohan Dr, Ashland, KY 41102
      View Details
    • $17 SF/Yr

      Prestigious Office Building in Ashland

      Premier office spaces with river views, parking, and amenities.
      1212 Bath Ave, Ashland, KY 41101
      View Details
    • $18 SF/Yr

      Prime Office Space For Lease

      1000 sq ft office suite with four private offices.
      1410 Eagle Dr, Ashland, KY 41102
      View Details
    • Contact for pricing

      Ashland Commercial Space For Lease

      Versatile 1,152 sq ft building ideal for retail/office/industrial use.
      1694 Booth Quillen Rd, Ashland, KY 41102
      View Details

    FAQs

    What type of property is this?
    Coworking space - Historic Downtown Office Space
    Where is this coworking space located?
    The property is located at 236 16Th St Ashland, KY.
    What are key features of this property?
    This property features: 4,200 SF of versatile shell space in a renovated historic building at 236 16th St, Ashland, KY 41101.; Two-story building with 15-foot ceilings and 25 parking spaces.; Located in Ashland's revitalized downtown, offering excellent visibility and walkability.
    (606) 571-0797 Call to check price and availability
    Request Owner's contact information
    236 16Th St Ashland, KY 41101
    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.
    236 16Th St
    Ashland, KY 41101
    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
    236 16Th St Ashland, KY 41101
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Paul Castle
    Real Estate License ID: 272145
    (606) 571-0797 (606) 922-1957
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!