Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    30 Panther Ave Flemingsburg, KY 41041

    Property Lookup

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

    30 Panther Ave Flemingsburg, KY 41041

    View on Map
    • Specialty properties
    • 10,640 SF
    • 1.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 30 Panther Ave

    Year built
    2024
    Lot size
    1.67 lot acres
    Property size
    10,640 SF
    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a 10,640 square foot Dollar General store in Flemingsburg, Kentucky. The property, built in 2024, sits on a 1.67-acre lot at the high-traffic intersection of Maysville Road and KY 57, boasting over 11,000 vehicles per day. The absolute NNN lease with Dollar General commenced March 15, 2024, and has a remaining term of approximately 14.3 years, expiring February 28, 2039. The lease includes five, 5-year options with a 5% rent increase each time. This translates to a current net operating income (NOI) of $109,789, resulting in a compelling 6.65% cap rate and a price per square foot of $155.17. The property benefits from a credit-rated tenant with a corporate guarantee, ensuring minimal landlord responsibilities. Its strategic location near other national retailers, apartments, and schools further enhances its value and potential for long-term growth. The asking price is $1,650,960. This property is part of a larger portfolio and can be purchased individually. The property's strong tenant, long lease term, and favorable location make it an attractive investment for discerning buyers. The 100% occupancy ensures immediate cash flow.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Flemingsburg
    County
    Fleming
    State
    Kentucky
    Longitude
    -83.74
    Latitude
    38.4388

    Comparable in this City

    • Value Estimation by Request
      1,538 SF

      33 Windsor Dr

      Individual retail properties • 1,538 SF
      33 Windsor Dr, Flemingsburg, KY 41041
      View Details
    • Value Estimation by Request

      Water St Jct Main W

      COMMERCIAL (GENERAL)
      Water St Jct Main W, Flemingsburg, KY 41041
      View Details
    • Value Estimation by Request
      14.30 Acres

      Byp Hwy 32

      VACANT COMMERCIAL LAND • 14.30 Acres
      Byp Hwy 32, Flemingsburg, KY 41041
      View Details
    • Value Estimation by Request

      125 Ct Sq

      COMMERCIAL (GENERAL)
      125 Ct Sq, Flemingsburg, KY 41041-1363
      View Details
    • Value Estimation by Request
      1.94 Acres

      Frazier St

      VACANT COMMERCIAL LAND • 1.94 Acres
      Frazier St, Flemingsburg, KY 41041
      View Details
    • Value Estimation by Request
      7.00 Acres

      Mt Carmel Rd

      VACANT COMMERCIAL LAND • 7.00 Acres
      Mt Carmel Rd, Flemingsburg, KY 41041
      View Details

    Similar Nearby for Sale

    • $134,000
      5.50 Acres

      Land Near New School

      5.5 acres of land in Flemingsburg, Kentucky.
      Frazier St, Flemingsburg, KY 41041
      View Details
    • $59,900
      2.29 Acres

      Commercial Lot on Bypass Boulevard

      2.29 acre commercial lot, perfect for business opportunity.
      Bypass Blvd, Flemingsburg, KY 41041
      View Details
    • Contact for pricing
      1.30 Acres

      Flemingsburg, KY Corner Lot

      Corner lot in Stonegate Place Subdivision, conveniently located.
      Brookhill Dr, Flemingsburg, KY 41041
      View Details
    • $38,000
      2.46 Acres

      Cleared Land in Greenbrook Subdivision

      2.46-acre double lot for custom home in Flemingsburg, KY.
      250 Aubrie Blvd, Flemingsburg, KY 41041
      View Details
    • Contact for pricing
      0.35 Acres

      Residential Land in Flemingsburg, KY

      Building lot with mature trees, city utilities available.
      232 Mills Ave, Flemingsburg, KY 41041
      View Details
    • $49,000
      2.50 Acres

      Commercial Land in Flemingsburg, KY

      2.5 acres of commercial land in a good location.
      Sellers St, Flemingsburg, KY 41041
      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.
    30 Panther Ave
    Flemingsburg, KY 41041
    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!