Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6560 Alum Springs Rd Danville, KY 40422
    Back to Search
    Property profile & analytics

    6560 Alum Springs Rd, Danville, KY 40422

    View on Map
    • Retail properties & Spaces
    • 3,480 SF
    • 2.84 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parksville Farmhouse Restaurant / Restaurant

    Property Details for 6560 Alum Springs Rd

    Year built
    1915
    Lot size
    2.84 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This Danville, KY mixed-use property, located at 6560 Alum Springs Rd, presents a unique investment opportunity. The 3,480 square foot building sits on a 2.84-acre lot (two parcels totaling 0.65 and 2.19 acres) with approximately 326 feet of road frontage. Built in 1915, the single-story structure is currently vacant and offers significant potential for a variety of retail uses, including restaurants. Previously occupied by The Farmhouse Restaurant and Feathers Grocery, the property includes existing kitchen equipment, tables, chairs, and other furnishings (as shown in photos). The property is available for sale at $194,000 ($55.75/sq ft) and is offered as a NNN lease. The sale includes all existing equipment and furnishings. This is a single-tenant property with no remaining lease term. The property is zoned for retail use and offers high visibility due to its substantial road frontage. The property's history as a successful restaurant and grocery store suggests strong potential for future success. This is a rare opportunity to acquire a substantial property in a desirable location with significant upside potential. The property is located in Boyle County, KY, zip code 40422.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Boyle
    State
    Kentucky
    Longitude
    -84.8923
    Latitude
    37.5974

    Comparable in this City

    • Value Estimation by Request
      43,581 SF

      218 Broadway St

      Multifamily properties
      218 Broadway St, Danville, KY 40422
      View Details
    • Value Estimation by Request
      30,710 SF

      1041 Ben Ali Dr

      GROCERY, SUPERMARKET
      1041 Ben Ali Dr, Danville, KY 40422-8913
      View Details
    • Value Estimation by Request
      57,140 SF

      200 Skywatch Dr

      GROCERY, SUPERMARKET
      200 Skywatch Dr, Danville, KY 40422-2540
      View Details
    • Value Estimation by Request
      3,000 SF

      650 Lexington Ave

      CONVENIENCE STORE
      650 Lexington Ave, Danville, KY 40422-1719
      View Details
    • Value Estimation by Request
      3,272 SF

      101 Man O War Dr

      CONVENIENCE STORE
      101 Man O War Dr, Danville, KY 40422-9238
      View Details
    • Value Estimation by Request
      3,000 SF

      1003 Hustonville Rd

      CONVENIENCE STORE
      1003 Hustonville Rd, Danville, KY 40422-2222
      View Details

    Similar Nearby for Sale

    • $475,000
      6,000 SF

      Danville KY Commercial Gem

      6,000 SF Mixed-Use, Vacant
      541 4Th St, Danville, KY 40422
      View Details
    • Contact for pricing

      Retail Endcap Space with Window

      Endcap retail space with pick-up window in Danville, Kentucky.
      1565 Hustonville Rd, Danville, KY 40422
      View Details
    • $175,000
      1,725 SF

      Danville Office Building For Sale

      Versatile office building near downtown Danville with mixed-use potential.
      813 S 4Th St, Danville, KY 40422
      View Details
    • Contact for pricing
      5,700 SF

      Danville Historic Mixed-Use Property

      Three-story commercial property with restaurant, banquet room, and apartment.
      303 W Main St, Danville, KY 40422
      View Details
    • Contact for pricing
      6,000 SF

      Versatile Commercial Building in Danville

      Move-in ready 6,000 sq ft commercial building with flexible layout.
      541 S 4Th St, Danville, KY 40422
      View Details
    • $449,500
      6,000 SF

      Updated Commercial Building, Danville, KY

      Move-in ready 6,000 sq ft commercial building with flexible layout.
      541 S 4Th St, Danville, KY 40422
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,253 SF

      Retail Space Near Major Retailers

      Retail space available near Walmart, Lowe's, Kroger, and Office Depot.
      1560 Hustonville Rd, Danville, KY 40422
      View Details
    • Contact for pricing

      508 S 3rd St, Danville, KY 40422

      Flex space
      508 S 3Rd St, Danville, KY 40422
      View Details
    • Contact for pricing

      Commercial Land Near Retailers

      Commercial land for rent near major retailers and Centre College.
      S Danville Byp, Danville, KY 40422
      View Details
    • $8 SF/Yr
      3,350 SF

      Danville Flex/Industrial Facility For Rent

      3,350 SF flex/industrial facility with warehouse and office space.
      1075 Lebanon Rd, Danville, KY 40422
      View Details
    • Contact for pricing

      Downtown Danville Office Suite

      Well-appointed office suite in a high-visibility downtown location.
      236 W Main St, Danville, KY 40422
      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.
    6560 Alum Springs Rd
    Danville, KY 40422
    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
    6560 Alum Springs Rd, Danville, KY, 40422
    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!