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Property profile & analytics

300 Viking Dr Morehead, KY 40351

  • Commercial real estate
Value Estimation
Last Sale
Jun 07, 2021
$275,000
Location Intelligence
Property ID
US34-1821500
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 300 Viking Dr

Property type
Commercial real estate
APN
044-00 00 075.20
APU
44000007520

Description

This newly constructed, 5,600 square foot retail center in Morehead, Kentucky, presents a unique investment opportunity. Situated on a 0.91-acre lot at 300 Viking Drive, the property offers excellent visibility and accessibility. The building is designed to accommodate up to five tenants, providing flexibility for diverse business needs. A significant portion of the building is already partially finished as a medical office space, totaling approximately 3,600 square feet. This area is currently vacant and ready for immediate occupancy. An additional 2,000 square feet of shell space remains, offering the potential for further development. This space could easily be divided into two 1,000 square foot units, ideal for smaller businesses or expanding existing operations. The property's strategic location in Morehead, combined with its versatile layout and modern construction, makes it an attractive proposition for investors seeking strong returns. The asking price is $1,600,000. This represents a compelling opportunity to acquire a high-quality commercial property in a growing market. The property's utility infrastructure is fully equipped to support multiple tenants. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this exceptional property offers.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $290,000
  • CAP approach

    CAP return
    Estimation
    6%
    $230,000
    6.5%
    $250,000
    7%
    $250,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $220,000
    Geo Method
    $250,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $275,000
    Retail
    $240,000
    Mixed-Use
    $270,000
    Hospitality
    $255,000
    Educational
    $255,000
    Residential Income
    $205,000
    Energy
    $225,000
    Income-Based Land
    $235,000
    Food Service
    $255,000

Location Insight

  • Map
  • Local Demand
City
Morehead
County
Rowan
State
Kentucky
Longitude
-83.4771
Latitude
38.2028

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,159
$275,000
$800,000
$1,075,000
-
$275,000
$800,000
$1,075,000
More about this property
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