Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    918 Coal Fields Industrial Dr Chavies, KY 41727
    Back to Search
    Property profile & analytics

    918 Coal Fields Industrial Dr Chavies, KY 41727

    View on Map
    • Warehouses
    • 42,744 SF
    • 7.27 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fedex Ground / Corporate Office

    Property Details for 918 Coal Fields Industrial Dr

    Year built
    2012
    Lot size
    7.27 lot acres
    Property size
    42,744 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 42,744-square-foot crossdock/distribution warehouse is available for lease in Chavies, Kentucky. Situated within the Coal Fields Industrial Park on KY Hwy 15, this Class C facility offers convenient access to major transportation routes, being just six miles north of KY Hwy 80 and eight miles north of Hazard's central business district. The property boasts eight dock-high doors and three drive-in doors, ensuring efficient loading and unloading operations. Power is provided by a robust 600-amp, 480/277-volt, 3-phase electrical system. Built in 2012, this single-tenant building sits on a generous 7.27-acre lot, providing ample space for maneuvering and future expansion. The property's industrial zoning allows for a variety of uses. The strategic location within the Coal Fields Regional Industrial Park, a partnership of several Kentucky River District counties, offers access to a regional workforce and established infrastructure. Hazard, a nearby city, provides essential services including higher education (Hazard Community and Technical College and the University Center of the Mountains) and healthcare (Appalachian Regional Healthcare Medical Center), supporting a strong local economy. This property presents a significant opportunity for businesses seeking a well-equipped and strategically located distribution center in Eastern Kentucky. The entire 42,744 square feet is currently vacant. Perry County location and zoning are key advantages.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chavies
    County
    Perry
    State
    Kentucky
    Longitude
    -83.2783
    Latitude
    37.3635

    Comparable in this City

    • Value Estimation by Request
      32.00 Acres

      Industrial Park

      LUMBER & WOOD PRODUCT MFG • 32.00 Acres
      Industrial Park, Chavies, KY 41727
      View Details
    • Value Estimation by Request
      71.80 Acres

      Hollybush Br Of Rockhouse Fk

      COMMERCIAL (GENERAL) • 71.80 Acres
      Hollybush Br Of Rockhouse Fk, Chavies, KY 41727
      View Details
    • Value Estimation by Request

      Hwy 15th Airport

      COMMERCIAL (GENERAL)
      Hwy 15th Airport, Chavies, KY 41727
      View Details
    • Value Estimation by Request

      1315 Coal Flds Industrial Dr Adjoins

      COMMERCIAL (GENERAL)
      1315 Coal Flds Industrial Dr Adjoins, Chavies, KY 41727-8967
      View Details
    • Value Estimation by Request

      1315 Coal Flds Industrial Dr

      COMMERCIAL (GENERAL)
      1315 Coal Flds Industrial Dr, Chavies, KY 41727-8967
      View Details
    • Value Estimation
      $6,975,000
      304,920 SF

      Hwy 15th Rockhouse

      COMMERCIAL (GENERAL) • 304,920 SF
      Hwy 15th Rockhouse, Chavies, KY 41727
      View Details

    Similar Nearby for Sale

    • $115,000
      7.60 Acres

      Residential Land in Chavies, KY

      7.6 acre residential land ideal for farming and gardening.
      00 Chavies-Dunraven Rd, Chavies, KY 41727
      View Details
    • $59,000
      1.12 Acres

      Residential Land Near Highway 15

      Unrestricted 1.12-acre residential land parcel in Chavies, Kentucky.
      00 Kennedy Dr, Chavies, KY 41727
      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.
    918 Coal Fields Industrial Dr
    Chavies, KY 41727
    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
    918 Coal Fields Industrial Dr, Chavies, KY, 41727
    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!