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    Calvin Dr Hopkinsville, KY 42240

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    Calvin Dr Hopkinsville, KY 42240

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    • Commercial real estate
    • 6.83 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Calvin Dr

    Lot size
    6.83 lot acres
    Property type
    Commercial real estate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hopkinsville
    County
    Christian County, KY
    State
    Kentucky
    Longitude
    -87.4737
    Latitude
    36.8483

    Comparable in this City

    • Value Estimation by Request
      350 SF

      602 Christian Quarry Rd

      COMMERCIAL (GENERAL) • 350 SF
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    • Value Estimation by Request
      1.65 Acres

      3980 Fort Campbell Blvd

      Land • 1.65 Acres
      3980 Fort Campbell Blvd, Hopkinsville, KY 42240
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    • Value Estimation by Request
      1.93 Acres

      Lovers Ln

      Land • 1.93 Acres
      0 Lovers Ln, Hopkinsville, KY 42240
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    • Value Estimation by Request
      8,832 SF

      2105 Ft Campbell Blvd

      COMMERCIAL (GENERAL) • 8,832 SF
      2105 Ft Campbell Blvd, Hopkinsville, KY 42240-4662
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    • Value Estimation by Request
      9,647 SF

      1313 Main St

      COMMERCIAL (GENERAL) • 9,647 SF
      1313 Main St, Hopkinsville, KY 42240-2002
      View Details
    • Value Estimation by Request
      9,000 SF

      106 Main St

      COMMERCIAL (GENERAL) • 9,000 SF
      106 Main St, Hopkinsville, KY 42240-2312
      View Details

    Similar Nearby for Sale

    • $195,000
      34,848 SF

      2332 Fort Campbell Blvd

      Commercial/ Mixed Use
      2332 Fort Campbell Blvd, Hopkinsville, KY 42240
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    • $589,000
      46.02 Acres

      46-Acre Tract on Hwy 41N

      46-acre tract on Hwy 41N between Hopkinsville and Crofton, KY.
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    • $2,125,000
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      Prime Industrial Land For Sale

      18+ acres of industrial land with highway access.
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    • $390,000
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      Expansive Commercial Building on 2.82 Acres

      30,000 SF building on 2.82 acres near Pennyrile Parkway.
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    • $75,000

      Residential Land in Hopkinsville, KY

      Land for sale, build your dream home!
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    • $599,000
      4,120 SF

      Hopkinsville Automotive Shop For Sale

      Two-building commercial property with automotive and retail potential.
      310 Mclean Ave, Hopkinsville, KY 42240
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail and Land Opportunity

      Retail and land available on Fort Campbell Boulevard.
      4000 Fort Campbell Blvd, Hopkinsville, KY 42240
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      Neighborhood Retail Shopping Center Space

      Retail space available in Hopkinsville near Fort Campbell base.
      2601 Fort Campbell Blvd, Hopkinsville, KY 42240
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      Freestanding Building on Fort Campbell

      Freestanding vacant building available for sublease on Fort Campbell Boulevard.
      2626 Fort Campbell Blvd, Hopkinsville, KY 42240
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      143,500 SF

      Hopkinsville Warehouse Space Available

      143,500 sq ft warehouse space for lease.
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    • $5,605 /Mo
      3,800 SF

      Spacious Office Near Pennyrile Parkway

      Modern 3,800 sq ft office space with ample parking.
      114 Keeton Dr, Hopkinsville, KY 42240
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    • Contact for pricing
      1,600 SF

      Retail Space on Fort Campbell

      Retail space available on Fort Campbell Boulevard in Hopkinsville.
      2529-2615 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
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    Calvin Dr
    Hopkinsville, KY 42240
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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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