Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4519 Mayo Trl Pikeville, KY 41501
    Back to Search
    Property profile & analytics

    4519 Mayo Trl, Pikeville, KY 41501

    View on Map
    • Lifestyle centers
    • 84,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Republic Finance / Loan Service

    Property Details for 4519 Mayo Trl

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pikeville
    County
    Pike
    State
    Kentucky
    Longitude
    -82.5756
    Latitude
    37.5273

    Comparable in this City

    • Value Estimation by Request
      8,500 SF

      115 Lee Ave

      Lifestyle centers
      115 Lee Ave, Pikeville, KY 41501
      View Details
    • Value Estimation by Request
      5,660 SF

      Mayo Trl & Thompson Rd

      Power centers
      0 Mayo Trl & Thompson Rd, Pikeville, KY 41501
      View Details
    • Value Estimation by Request
      10,970 SF

      Turnhole

      SHOPPING CENTER, STRIP CENTER
      Turnhole, Pikeville, KY 41501
      View Details
    • Value Estimation by Request
      7,680 SF

      Russell St

      SHOPPING CENTER, STRIP CENTER
      Russell St, Pikeville, KY 41501
      View Details
    • Value Estimation by Request
      6,608 SF

      Coal Run

      SHOPPING CENTER, STRIP CENTER
      Coal Run, Pikeville, KY 41501
      View Details
    • Value Estimation by Request
      10,000 SF

      Phelps 632nd Rd

      SHOPPING CENTER, STRIP CENTER
      Phelps 632nd Rd, Pikeville, KY 41501
      View Details

    Similar Nearby for Sale

    • $3,813,333
      8,500 SF

      Pikeville Retail Center Investment

      High-traffic, 2-tenant shopping center in KY.
      115 Lee Ave, Pikeville, KY 41501
      View Details
    • $335,000
      5,991 SF

      Versatile Quad-Plex on 11 Acres

      Quad-plex with warehouse and conversion potential on 11 acres.
      5050 Ky Route 114, Prestonsburg, KY 41501
      View Details
    • $3,650,000
      8,500 SF

      Pikeville Retail Center For Sale

      Two-tenant retail center anchored by Fast Pace Urgent Care.
      115 Lee Ave, Pikeville, KY 41501
      View Details
    • Contact for pricing
      130,680 SF

      Retail and Restaurant Opportunities Available

      Retail and restaurant spaces available near shopping center.
      175 Lee Ave, Pikeville, KY 41501
      View Details
    • Contact for pricing
      12,668 SF

      DG Market Pikeville, KY

      Dollar General Market NNN lease with nearly 15 years remaining.
      9751 Millard Hwy, Pikeville, KY 41501
      View Details
    • Contact for pricing
      12,668 SF

      Pikeville, KY Dollar General Market

      New Dollar General Market in Pikeville, KY for sale.
      9751 Millard Hwy, Pikeville, KY 41501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,168 SF

      Retail Space in Pikeville, KY

      Retail spaces available, anchored by Hobby Lobby, Marshalls, Ross, Ulta.
      121 Justice Way, Pikeville, KY 41501
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Big Sandy

      Retail space available in Pikeville's Big Sandy Village.
      3889 N Mayo Trl, Pikeville, KY 41501
      View Details
    • Contact for pricing

      Pikeville Town Center Retail Space

      Retail spaces available in Pikeville's only town center.
      N Mayo Trl & Thompson Rd, Pikeville, KY 41501
      View Details
    • $12 SF/Yr
      18,660 SF

      Retail Space in Pikeville

      Well-maintained strip center with suites available for lease.
      5571 Robinson Creek Rd, Pikeville, KY 41501
      View Details
    • Contact for pricing

      Retail and Restaurant Opportunities Available

      Retail and restaurant spaces available near major shopping center.
      175 Lee Ave, Pikeville, KY 41501
      View Details
    • Contact for pricing
      2,682 SF

      Retail Space in Pikeville, KY

      Retail spaces available, anchored by Hobby Lobby, Marshalls, Ross.
      111 Justice Way, Pikeville, KY 41501
      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.
    4519 Mayo Trl
    Pikeville, KY 41501
    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

    Thank You for Inquiry
    4519 Mayo Trl, Pikeville, KY, 41501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!