Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    106 Oddville Ave Cynthiana, KY 41031

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    106 Oddville Ave Cynthiana, KY 41031

    View on Map
    • Investment properties
    • 15,598 SF
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 106 Oddville Ave

    Year built
    1856
    Lot size
    1.00 lot acres
    Property size
    15,598 SF
    Property type
    Investment properties

    Description

    This exceptional business opportunity presents nearly 16,000 square feet of building space situated on a one-acre lot in the heart of Cynthiana, Kentucky. The property, located at 106 Oddville Avenue, offers significant potential for a variety of commercial ventures. Its central downtown location provides excellent visibility and accessibility, ensuring high traffic and convenient access for customers and employees. The substantial building size allows for ample space to accommodate diverse business needs, from retail and office spaces to light industrial or warehousing operations. The one-acre lot provides ample parking and potential for future expansion or outdoor uses. The asking price for this prime commercial property is $275,000, representing a compelling investment opportunity in a thriving Kentucky community. This property is ready for immediate occupancy and offers a unique chance to establish or expand a business in a desirable location. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. The property's size and location make it an ideal investment for entrepreneurs and businesses seeking a strong foothold in the Cynthiana market. Don't miss this chance to acquire a significant commercial asset in a vibrant downtown setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cynthiana
    County
    Harrison
    State
    Kentucky
    Longitude
    -84.2942
    Latitude
    38.3925

    Comparable in this City

    • Value Estimation by Request

      130 Main St

      Investment properties
      130 Main St, Cynthiana, KY 41031
      View Details
    • Value Estimation by Request

      1309 Us Hwy 27th N

      SHOW ROOM, WAREHOUSE
      1309 Us Hwy 27th N, Cynthiana, KY 41031-6111
      View Details
    • Value Estimation by Request
      1.53 Acres

      629 Us Hwy 27th S

      SHOW ROOM, WAREHOUSE • 1.53 Acres
      629 Us Hwy 27th S, Cynthiana, KY 41031-6001
      View Details
    • Value Estimation by Request
      8.23 Acres

      4161 Us Hwy 27th S

      SHOW ROOM, WAREHOUSE • 8.23 Acres
      4161 Us Hwy 27th S, Cynthiana, KY 41031-4562
      View Details
    • Value Estimation by Request
      2.00 Acres

      4470 Us Hwy 27th S

      SHOW ROOM, WAREHOUSE • 2.00 Acres
      4470 Us Hwy 27th S, Cynthiana, KY 41031-4567
      View Details
    • Value Estimation by Request
      5.71 Acres

      Us Hwy 62nd E

      SHOW ROOM, WAREHOUSE • 5.71 Acres
      Us Hwy 62nd E, Cynthiana, KY 41031
      View Details

    Similar Nearby for Sale

    • $245,000
      0.73 Acres

      Cynthiana Restaurant and Bar

      Restaurant and bar opportunity near Cynthiana, Kentucky.
      7475 Us Highway 27, Cynthiana, KY 41031
      View Details
    • Contact for pricing
      9,100 SF

      Dollar General NNN Investment Property

      NNN Dollar General with approximately 10.2 years remaining on lease.
      4118 Ky Highway 36 W, Cynthiana, KY 41031
      View Details
    • New
      $84,065
      7.90 Acres

      Cynthiana, KY Land For Sale

      7.9 acres of land ideal for building your dream home.
      251 Finnell Pike, Cynthiana, KY 41031
      View Details
    • $139,000
      5.10 Acres

      Kentucky Land with Road Frontage

      5+ acre property in a serene setting with rolling hills.
      1694 Poindexter Rd, Cynthiana, KY 41031
      View Details
    • $139,000
      5.05 Acres

      Cynthiana Land with Bluegrass Views

      5+ acre building site in Cynthiana, Kentucky.
      2230 Ky Highway 1743, Cynthiana, KY 41031
      View Details
    • $39,900
      1.15 Acres

      Residential Lot in Serenity Place

      1.15 acre building lot with community amenities in Cynthiana.
      146 Tranquil Ln, Cynthiana, KY 41031
      View Details
    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.
    106 Oddville Ave
    Cynthiana, KY 41031
    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!