Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6 Cumberland Gap Pkwy Corbin, KY 40701

    Property Lookup

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

    6 Cumberland Gap Pkwy Corbin, KY 40701

    View on Map
    • Land
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6 Cumberland Gap Pkwy

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This prime 1-acre commercial lot in Corbin, Kentucky, presents a unique investment opportunity. Located on Lot 6, Cumberland Gap Parkway, this property boasts exceptional visibility due to its adjacency to Interstate 75, a major thoroughfare with an impressive Annual Average Daily Traffic (AADT) count of 42,562. The high traffic volume extends to Cumberland Gap Parkway itself, registering an AADT of 24,390 vehicles. This strategic location places the property near significant retail anchors including Walmart and Lowe's, ensuring high consumer traffic and brand recognition. The property is part of an 8-lot subdivision, with the option to purchase individual lots or the entire parcel. This versatile land, zoned for commercial use (APN: 122-00-00-087.01), offers significant potential for various commercial developments. While this listing focuses on the 1-acre parcel, additional acreage is available for purchase, providing opportunities for expansion or larger-scale projects. This is an exceptional chance to secure a high-visibility commercial property in a thriving Kentucky market. The asking price for this exceptional opportunity is $650,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Corbin
    County
    Laurel
    State
    Kentucky
    Longitude
    -84.109
    Latitude
    36.9766

    Comparable in this City

    • Value Estimation by Request
      12.84 Acres

      2690 Ky-1223

      Land • 12.84 Acres
      2690 Ky-1223, Corbin, KY 40701
      View Details
    • Value Estimation by Request
      1.50 Acres

      10 Watch Rd

      Land • 1.50 Acres
      10 Watch Rd, Corbin, KY 40701
      View Details
    • Value Estimation by Request
      1.18 Acres

      3 Cumberland Gap Pkwy

      Land • 1.18 Acres
      3 Cumberland Gap Pkwy, Corbin, KY 40701
      View Details
    • Value Estimation by Request
      5.97 Acres

      Cumberland Falls Hwy

      Land • 5.97 Acres
      0 Cumberland Falls Hwy, Corbin, KY 40701
      View Details
    • Value Estimation by Request
      21.06 Acres

      American Greeting Card Rd

      Land • 21.06 Acres
      0 American Greeting Card Rd, Corbin, KY 40701
      View Details
    • Value Estimation by Request
      1.02 Acres

      1 Cumberland Gap Pkwy

      Land • 1.02 Acres
      1 Cumberland Gap Pkwy, Corbin, KY 40701
      View Details

    Similar Nearby for Sale

    • $170,000
      12.02 Acres

      Corbin, KY Land Opportunity

      12.02 acres near I-75 and downtown Corbin.
      705 Corinth Rd, Corbin, KY 40701
      View Details
    • New
      $249,900
      29.84 Acres

      29.83 Acres Near Cumberland Falls

      Undeveloped land near Cumberland Falls and Laurel River Lake.
      069-00-00-075.01 Cumberland Fls Hwy, Corbin, KY 40701
      View Details
    • New
      $99,000
      11.17 Acres

      Land Near Bee Creek

      11.17 acres of land in Corbin, Kentucky.
      215 Tom Taylor Rd, Corbin, KY 40701
      View Details
    • $75,000
      1.61 Acres

      Land in Lakewood Subdivision

      Wooded 1.61-acre lot with views in Corbin, Kentucky.
      Lakewood Subdivision, Corbin, KY 40701
      View Details
    • $135,000
      17.56 Acres

      Unrestricted Acreage Near Corbin, Kentucky

      17.56 acres of unrestricted land near Corbin, Kentucky.
      5061 Ky 3436, Corbin, KY 40701
      View Details
    • Contact for pricing

      5.17 Acres Land Opportunity

      5.17 acres of land available for development.
      Land Development Opportunity, London, KY 40701
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr

      Corbin Industrial Flex Space

      12,000 SF industrial flex space for lease in Corbin, KY.
      103 23Rd St, Corbin, KY 40701
      View Details
    • Contact for pricing

      Retail Space in Corbin, KY

      Retail space available in established Corbin shopping center.
      1019 Cumberland Falls Hwy, Corbin, KY 40701
      View Details
    • $6,100 /Mo
      10,392 SF

      Historic Downtown Corbin Mixed-Use Property

      Turnkey, renovated property with mixed-use potential in Corbin's downtown.
      500 S Main St, Corbin, KY 40701
      View Details
    • Contact for pricing
      1,104 SF

      Retail Space in Corbin, KY

      Retail space available in a dominant shopping center.
      1000 Cumberland Gap Pkwy, Corbin, KY 40701
      View Details
    • New
      $400 /Mo
      500 SF

      Corbin Garage/Loading Dock For Lease

      Road-facing garage/loading dock in Corbin, near I-75 Exit 29.
      236 E Cumberland Gap Pkwy, Corbin, KY 40701
      View Details
    • Contact for pricing
      15,000 SF

      Dominant Retail Center in Corbin

      Retail space available in well-located shopping center.
      14659 N Us Highway 25 E, Corbin, KY 40701
      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.
    6 Cumberland Gap Pkwy
    Corbin, KY 40701
    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!