Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    25-29-33 Main St Beattyville, KY 41311

    Property Lookup

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

    25-29-33 Main St Beattyville, KY 41311

    View on Map
    • Investment properties
    • 5,676 SF
    • 0.16 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 25-29-33 Main St

    Lot size
    0.16 lot acres
    Property size
    5,676 SF
    Property type
    Investment properties

    Description

    This exceptional commercial property, situated at 25-29-33 Main Street in Beattyville, Kentucky, presents a unique investment opportunity. The two-story brick building boasts a substantial 5,676 square feet of space on a 0.16-acre lot, conveniently located near Highway 11 in the heart of downtown. Previously used as retail/professional office space on the first floor and residential apartments on the second, this building offers incredible flexibility. The first floor features three existing storefronts, while the second floor comprises one studio, five one-bedroom, one two-bedroom, and one apartment of undetermined size (lessee to verify). The property is available for long-term lease with renewal options under a triple net lease agreement. Lessees have the option to utilize the existing structure or demolish and construct a building tailored to their specific needs. It's important to note that the building sustained flood damage in 2021, with most debris removed. However, the heating system was destroyed, the roof is actively leaking, and mold may be present due to the flood and roof issues. An adjacent vacant lot to the east may also be available for lease concurrently. This property offers significant potential for redevelopment or adaptive reuse in a high-traffic downtown location. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Beattyville
    County
    Lee
    State
    Kentucky
    Longitude
    -83.7076
    Latitude
    37.5802

    Comparable in this City

    • Value Estimation by Request
      228.00 Acres

      Fixer Rd

      COMMERCIAL (GENERAL) • 228.00 Acres
      Fixer Rd, Beattyville, KY 41311
      View Details
    • Value Estimation by Request

      23 Lumber St

      COMMERCIAL (GENERAL)
      23 Lumber St, Beattyville, KY 41311
      View Details
    • Value Estimation by Request

      Beattyville, KY 41311

      COMMERCIAL (GENERAL)
      Beattyville, KY 41311
      View Details
    • Value Estimation by Request

      Heidelburg Heidelburg

      COMMERCIAL (GENERAL)
      Heidelburg Heidelburg, Beattyville, KY 41311
      View Details
    • Value Estimation by Request

      Riv Dr

      COMMERCIAL (GENERAL)
      Riv Dr, Beattyville, KY 41311
      View Details
    • Value Estimation by Request

      42 Cir St

      COMMERCIAL (GENERAL)
      42 Cir St, Beattyville, KY 41311
      View Details

    Similar Nearby for Sale

    • $50,000
      1.20 Acres

      Land in Red River Gorge

      1.2 acres near Red River Gorge, Kentucky.
      Hopewell Hawks Pt Rd, Beattyville, KY 41311
      View Details
    • $699,000
      3,500 SF

      Turn-Key Motel with Coffee Shop

      Motel with furnished rooms, house, and functioning coffee shop.
      1165 Ky-11 S, Beattyville, KY 41311
      View Details
    • New
      $174,000
      6.75 Acres

      Beattyville Land Investment Opportunity

      6.75 acres of build-ready land for sale in Beattyville.
      Fairgrounds Rd, Beattyville, KY 41311
      View Details
    • Contact for pricing
      0.30 Acres

      Secluded Lots Near Downtown

      Private lots near downtown, close to parks.
      E Main St, Beattyville, KY 41311
      View Details
    • $145,500
      47.32 Acres

      Kentucky Land with Cleared Homesite

      47.32 acres in Beattyville, KY with roadway and cleared homesite.
      510 Shelton Ln, Beattyville, KY 41311
      View Details
    • $42,000
      3.75 Acres

      Beattyville Land on Wooded Acres

      3.75 acres of wooded land, ideal for investment or homesite.
      Fairgrounds Rd, Beattyville, KY 41311
      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.
    25-29-33 Main St
    Beattyville, KY 41311
    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!