Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    790 Ky-181 Greenville, KY 42345

    Property Lookup

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

    790 Ky-181 Greenville, KY 42345

    View on Map
    • Retail properties & Spaces
    • 2,480 SF
    • 1.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 790 Ky-181

    Year built
    2000
    Lot size
    1.10 lot acres
    Property size
    2,480 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 2,480 square foot retail property, located at 790 Highway 181S in Greenville, Kentucky, presents a unique investment opportunity. Priced at $250,000, this versatile space currently functions as a church, but its adaptable layout offers significant potential for a variety of commercial uses. The property boasts two buildings situated on a 1.1-acre lot, providing ample space and flexibility. The main building features a full kitchen, 1.5 bathrooms, a bedroom, and a large dining area, all complemented by a spacious deck and a small pond. A separate storage building is also included. The property includes 24 parking spaces, ensuring convenient access for customers or employees. Built in 2000, the property is well-maintained and ready for immediate occupancy. Included in the sale are existing church pews and a stove. The property's APN is 110 02 02 003.002. Its prime location in Greenville, KY (zip code 42345) offers excellent visibility and accessibility. This property is ideal for entrepreneurs seeking a unique space to establish their business, offering a blend of existing features and significant potential for customization. Don't miss this chance to own a versatile and well-located commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Muhlenberg
    State
    Kentucky
    Longitude
    -87.1716
    Latitude
    37.1916

    Comparable in this City

    • Value Estimation by Request
      8.00 Acres

      520 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8.00 Acres
      520 Main St, Greenville, KY 42345-1741
      View Details
    • Value Estimation by Request

      1598 Us Hwy 62nd W

      RETAIL STORES (PERSONAL SERVICES)
      1598 Us Hwy 62nd W, Greenville, KY 42345-4569
      View Details
    • Value Estimation by Request
      1,200 SF

      2113 State Rte 1473

      AUTO REPAIR, GARAGE • 1,200 SF
      2113 State Rte 1473, Greenville, KY 42345-3538
      View Details
    • Value Estimation by Request
      3,756 SF

      2097 State Rte 601

      AUTO REPAIR, GARAGE • 3,756 SF
      2097 State Rte 601, Greenville, KY 42345-4388
      View Details
    • Value Estimation by Request
      4,000 SF

      340 Airport Rd

      FINANCIAL BUILDING • 4,000 SF
      340 Airport Rd, Greenville, KY 42345-1780
      View Details
    • Value Estimation by Request
      3,696 SF

      212 Depot St

      GARDEN CENTER, HOME IMPROVEMENT • 3,696 SF
      212 Depot St, Greenville, KY 42345-1408
      View Details

    Similar Nearby for Sale

    • $290,000
      0.65 Acres

      Main Street Car Wash

      COMMERCIAL INVESTMENT PROPERTY!
      425 Main St, Greenville, KY 42345
      View Details
    • $290,000
      0.66 Acres

      Main St. Car Wash

      COMMERCIAL INVESTMENT PROPERTY!
      320 Main St, Greenville, KY 42345
      View Details
    • $105,000
      5,000 SF

      Downtown Greenville Commercial Building For Sale

      Two-story commercial building in high-traffic downtown location.
      131 N Main St, Greenville, KY 42345
      View Details
    • $289,900
      1,600 SF

      Greenville Fourplex with Commercial Potential

      Commercial/residential fourplex with income potential in high-traffic location.
      102 West Depot St, Greenville, KY 42345
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Land in Greenville, KY

      Vacant land suitable for building a home near town.
      307 Fairview St, Greenville, KY 42345
      View Details
    • Contact for pricing
      0.19 Acres

      Vacant Land in Greenville, KY

      Residential land suitable for building a small home near town.
      231 N Cherry St, Greenville, KY 42345
      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.
    790 Ky-181
    Greenville, KY 42345
    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!