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    4428 State Hwy Hudson, KY 40145

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    4428 State Hwy Hudson, KY 40145

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    • Retail properties & Spaces
    • 7,610 SF
    • 2.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4428 State Hwy

    Year built
    1971
    Lot size
    2.76 lot acres
    Property size
    7,610 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional property, located at 4428 State Hwy 401 in Hudson, KY, presents a unique blend of commercial and residential spaces. The 7,610 square foot building, situated on 2.76 acres, boasts two structures built in 1971 and completely renovated in 2023. The commercial area includes a fully equipped restaurant/store with a 1,080 square foot dining room, a modern kitchen featuring commercial appliances (including a pizza oven, six-burner range, and ice makers), and a retail space with shelving, refrigerators, and a checkout system. The connected residential quarters offer a modern living area, a cozy home office with a fireplace, a chic kitchen with a quartz island, a primary bedroom with an ensuite bathroom and walk-in closet, a guest bedroom and bath, and a partially finished basement with additional living space, a bedroom, and a half bath. A dedicated laundry room and a covered porch with countryside views complete the residential amenities. A newly constructed 1,200+ square foot garage provides versatile storage or sales space. The property is zoned for commercial use, offers ample parking, and benefits from excellent visibility from Highway 401. The asking price is $699,000. While the previous owner had a "Clean Letter" for the fuel station, the property is ready for a new owner to install above or below ground tanks, pumps, and/or contract with a new fuel supplier with UST approval. This turnkey operation is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Breckinridge
    State
    Kentucky
    Longitude
    -86.2816
    Latitude
    37.6434

    Comparable in this City

    • Value Estimation by Request
      1,344 SF

      4428 Hwy 401

      CONVENIENCE STORE • 1,344 SF
      4428 Hwy 401, Hudson, KY 40145-7543
      View Details
    • Value Estimation by Request
      1,440 SF

      865 Centerview Rough Riv Ln

      COMMERCIAL (GENERAL) • 1,440 SF
      865 Centerview Rough Riv Ln, Hudson, KY 40145-7707
      View Details
    • Value Estimation by Request
      4,800 SF

      Hwy 401

      MANUFACTURING (LIGHT) • 4,800 SF
      Hwy 401, Hudson, KY 40145
      View Details
    • Value Estimation by Request
      2.30 Acres

      Hwy 401

      COMMERCIAL (GENERAL) • 2.30 Acres
      Hwy 401, Hudson, KY 40145
      View Details
    • Value Estimation by Request
      5.25 Acres

      4231 Hwy 401

      COMMERCIAL (GENERAL) • 5.25 Acres
      4231 Hwy 401, Hudson, KY 40145
      View Details
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    Hudson, KY 40145
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    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
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