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    4992 Louisville Rd Salvisa, KY 40372

    • Auto shops
    • 2,400 SF
    • 2.00 lot acres
    For Sale
    View listing
    $425,000
    Last Sale
    Jan 18, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1451778
    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

    • Auto shops

    Property Details for 4992 Louisville Rd

    Construction
    METAL FRAME
    Lot size
    2.00 lot acres
    Property size
    2,400 SF
    Zone code
    COM
    Property type
    Auto shops
    APN
    041.00-00129.02
    APU
    41000012902

    Description

    This exceptional commercial property, situated on a highly visible 2-acre lot along the US 127 Bypass in Salvisa, Kentucky, presents a remarkable investment opportunity. The main structure is a substantial 2,400 square foot metal building, ideally suited for a variety of commercial uses. The building boasts two 14-foot garage doors, providing ample access for vehicles or equipment. Inside, you'll find two automotive lifts and five well-appointed work bays, a legacy from its previous use as an automotive garage. However, its versatile design makes it adaptable to numerous other businesses. A comfortable office space is perfect for client interactions, complete with a convenient kitchenette. Adding to its functionality, a small apartment is included within the building, offering potential for live-in management or additional rental income. The property benefits from city water and a robust single-phase 400-amp electrical service, ensuring sufficient power for most commercial operations. Its prime location on a major highway guarantees exceptional visibility and accessibility, attracting significant foot and vehicle traffic. This property offers a unique blend of functionality, location, and potential, making it an ideal investment for discerning buyers. Don't miss this chance to acquire a well-maintained commercial space with significant upside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salvisa
    County
    Mercer
    State
    Kentucky
    Longitude
    -84.8645
    Latitude
    37.9189

    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
    $1,809
    $0.00
    $0.00
    $150,000
    -
    $0.00
    $0.00
    $150,000

    Comparable in this City

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      1,056 SF

      184 Gritton Ln

      AUTO REPAIR, GARAGE • 1,056 SF
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      1,600 SF

      398 Main St

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      2,560 SF

      200 Christina Dr

      AUTO REPAIR, GARAGE • 2,560 SF
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      1,350 SF

      4920 Louisville Rd

      SERVICE STATION (FULL SERVICE) • 1,350 SF
      4920 Louisville Rd, Salvisa, KY 40372-9546
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    • Value Estimation by Request
      1.00 Acre

      4805 Louisville Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.00 Acre
      4805 Louisville Rd, Salvisa, KY 40372-9648
      View Details

    Similar Nearby for Sale

    • $425,000
      2,400 SF

      Prime Salvisa Commercial Building

      2-Acre Lot, Metal Building, High Visibility
      4992 Louisville Rd, Salvisa, KY 40372
      View Details
    • $125,000
      2.54 Acres

      Land Available in Salvisa, KY

      2.54 acre land for sale in Salvisa, Kentucky.
      5400 Louisville Rd, Salvisa, KY 40372
      View Details
    • $65,000
      0.80 Acres

      Residential Land in Salvisa, Kentucky

      Unrestricted 0.80-acre lot suitable for single or multi-family homes.
      53 Bondville Rd, Salvisa, KY 40372
      View Details
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    Salvisa, KY 40372
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    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
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