Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    331 Highland Ave Prestonsburg, KY 41653
    Back to Search
    Property profile & analytics

    331 Highland Ave, Prestonsburg, KY 41653

    View on Map
    • Mixed-use properties
    • 0.31 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 331 Highland Ave

    Lot size
    0.31 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, located at 331 North Highland Ave. in Prestonsburg, Kentucky, presents a compelling investment opportunity. Situated on a 0.31-acre lot, the property offers significant potential for a variety of commercial ventures. While the precise square footage is currently unavailable, the building's mixed-use zoning allows for diverse development and operational strategies. The property's address in Prestonsburg, KY, zip code 41653, places it within a dynamic and accessible location. Its strategic positioning offers convenient access to local amenities, transportation routes, and a thriving community. The asking price of $899,000 reflects the property's considerable potential for return on investment. This is a rare chance to acquire a versatile commercial property in a growing Kentucky market. Further due diligence is encouraged to fully assess the property's potential and to determine the precise square footage and suitability for your specific business needs. The property's location in Floyd County (county code 21071) provides access to local government resources and community support. This mixed-use property is ready for its next chapter, offering a blank canvas for a creative entrepreneur or investor. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Prestonsburg
    County
    21071
    State
    Kentucky
    Longitude
    -82.7736
    Latitude
    37.6713

    Comparable in this City

    • Value Estimation by Request
      7,168 SF

      207 Ct St

      OFFICE/RESIDENTIAL (MIXED USE)
      207 Ct St, Prestonsburg, KY 41653-7732
      View Details
    • Value Estimation by Request
      14,672 SF

      Ss Lk Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      Ss Lk Dr, Prestonsburg, KY 41653
      View Details
    • Value Estimation by Request
      3,008 SF

      Nn Lk Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      Nn Lk Dr, Prestonsburg, KY 41653
      View Details
    • Value Estimation by Request
      1,360 SF

      70 Ct St

      OFFICE/RESIDENTIAL (MIXED USE)
      70 Ct St, Prestonsburg, KY 41653-1256
      View Details
    • Value Estimation by Request
      12,272 SF

      Ct St

      OFFICE/RESIDENTIAL (MIXED USE)
      Ct St, Prestonsburg, KY 41653
      View Details
    • Value Estimation by Request
      7,200 SF

      Ct St

      OFFICE/RESIDENTIAL (MIXED USE)
      Ct St, Prestonsburg, KY 41653
      View Details

    Similar Nearby for Sale

    • $185,000
      4,600 SF

      Versatile Church Property in Prestonsburg

      Well-maintained 4600 sq ft church suitable for various purposes.
      2194 Rt 1428, Prestonsburg, KY 41653
      View Details
    • $1,450,000
      Pending

      Prestonsburg Commercial Property on Lake

      Over 10,900 sq.ft. building on approximately 2 acres in Prestonsburg.
      1009 N Lake Dr, Prestonsburg, KY 41653
      View Details
    • $79,000
      63.64 Acres

      Prestonsburg, KY Hillside Acreage

      63.64 acres for outdoor recreation near US 23.
      Aly Frk, Prestonsburg, KY 41653
      View Details
    • $68,000
      10.34 Acres

      Residential Land in Lakeview Village

      Scenic residential land near Prestonsburg, ready for development.
      Lakeview Village Ln, Prestonsburg, KY 41653
      View Details
    • New
      $55,000
      Pending

      Prestonsburg, KY Land For Sale

      0.39 acre commercial land available in Prestonsburg, Kentucky.
      47 Grace Dr, Prestonsburg, KY 41653
      View Details
    • $155,000
      80.00 Acres

      Residential Land Near Prestonsburg, KY

      80-acre residential land suitable for hunting and building near Prestonsburg.
      N Tough, Prestonsburg, KY 41653
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prestonsburg Village Commercial Land

      Commercial land available for rent in Prestonsburg, Kentucky.
      Village Dr, Prestonsburg, KY 41653
      View Details
    • Contact for pricing
      26,431 SF

      Retail Space in Prestonsburg Village

      Retail space available within a Wal-Mart anchored shopping center.
      477 Village Dr, Prestonsburg, KY 41653
      View Details
    • Contact for pricing

      Prestonsburg Retail Space For Rent

      Retail space available in Wal-Mart anchored shopping center.
      Prestonsburg, KY 41653
      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.
    331 Highland Ave
    Prestonsburg, KY 41653
    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
    331 Highland Ave, Prestonsburg, KY, 41653
    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!