Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1007 Cumberland Fls Hwy Corbin, KY 40701-2714
    Back to Search
    Property profile & analytics

    1007 Cumberland Fls Hwy, Corbin, KY 40701-2714

    View on Map
    • Commercial real estate
    • 7,200 SF
    Off-Market
    Last Sale Mar 10, 2025
    $550,000
    Property ID
    US34-0879228
    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.
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1007 Cumberland Fls Hwy

    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Zone code
    COMMERCIAL
    Property type
    Commercial real estate
    APN
    138-10-07-002.00
    APU
    138100700200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 10, 2025 $550,000 Forest Holdings LLC Moore Real Estate Ventures LLC Deed $550k · Forcht Bank NA
    May 4, 2007 $450,000 Moore Real Estate Ventures LLC Glen Ray Glen Ray Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $643,000
      Market price range: $267k - $653k

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

    Location Insight

    • Map
    • Local Demand
    City
    Corbin
    County
    Whitley
    State
    Kentucky
    Longitude
    -84.1033
    Latitude
    36.9295
    CBSA code
    30940
    CBSA name
    LONDON, KY MICROPOLITAN STATISTICAL AREA

    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
    $1,761
    $0.00
    $0.00
    $522,500
    -
    $0.00
    $0.00
    $522,500

    Comparable in this City

    • Value Estimation by Request
      12.84 Acres

      2690 Ky-1223

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

      275 Powers Ln

      COMMERCIAL (GENERAL)
      275 Powers Ln, Corbin, KY 40701-4931
      View Details
    • Value Estimation by Request

      Roy Kidd Ave

      COMMERCIAL (GENERAL)
      Roy Kidd Ave, Corbin, KY 40701
      View Details
    • Value Estimation by Request

      109 Roy Kidd Ave

      COMMERCIAL (GENERAL)
      109 Roy Kidd Ave, Corbin, KY 40701-1301
      View Details
    • Value Estimation by Request
      4.00 Acres

      Us Hwy 25th S

      COMMERCIAL (GENERAL)
      Us Hwy 25th S, Corbin, KY 40701
      View Details
    • Value Estimation by Request
      4.00 Acres

      Nn Hwy

      COMMERCIAL (GENERAL)
      Nn Hwy, Corbin, KY 40701
      View Details

    Similar Nearby for Sale

    • $129,000
      0.50 Acres

      Corbin Commercial Building & Home

      Prime Corbin commercial property with income potential.
      5856 Cumberland Falls Hwy, Corbin, KY 40701
      View Details
    • $499,000
      34.96 Acres

      9999 3041 Hwy, Corbin, KY 40701

      Commercial real estate
      9999 3041 Hwy, Corbin, KY 40701
      View Details
    • $1,300,000
      13.56 Acres

      Prime Corbin KY Land - 13 Acres

      Cumberland Falls Hwy, I-75 access, development potential.
      99 Cumberland Falls Hwy, Corbin, KY 40701
      View Details
    • $32,000
      0.36 Acres

      Corner Lot in Corbin, Kentucky

      Vacant corner lot with city utilities available in Corbin.
      138 Florida Ave, Corbin, KY 40701
      View Details
    • Contact for pricing
      Pending

      Corbin Commercial Property on Main

      Commercial property with office, warehouse, and ample parking.
      2400 S Main St, Corbin, KY 40701
      View Details
    • $32,000
      1.88 Acres

      Residential Land in Fawn Valley

      1.88 acre building lot in Fawn Valley Estates.
      59 Fawn Valley Rd, Corbin, KY 40701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corbin Office Space For Lease

      Commercial office space for lease in Corbin City Limits.
      383 Corbin Center Dr, Corbin, KY 40701
      View Details
    • $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
    • $1,200 /Mo
      1,500 SF

      Downtown Corbin Commercial Space Available

      High-traffic location with ample parking and excellent accessibility.
      107 E 1St St, Corbin, KY 40701
      View Details
    • $4,000 /Mo
      2,400 SF

      Commercial Space on Major Highway

      2,400 sq ft commercial space with high visibility.
      8669 Us Highway 25, 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
    • $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
    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.
    1007 Cumberland Fls Hwy
    Corbin, KY 40701-2714
    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
    1007 Cumberland Fls Hwy, Corbin, KY, 40701
    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!