Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1118 Mayo Trl Pikeville, KY 41501-2203

    • Specialty properties
    • 8,910 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-2125106
    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

    • Thacker Funeral Home / Funeral Home
    • Thacker Memorial / Monument Maker

    Property Details for 1118 Mayo Trl

    Year built
    1938
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    8,910 SF
    Property type
    Specialty properties
    APN
    33456
    APU
    33456

    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
    Pikeville
    County
    Pike
    State
    Kentucky
    Longitude
    -82.5242
    Latitude
    37.451

    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
    $1,465
    $0.00
    $0.00
    $290,000
    -
    $0.00
    $0.00
    $290,000

    Comparable in this City

    • Value Estimation by Request
      6,840 SF

      2nd St

      FUNERAL HOME • 6,840 SF
      2nd St, Pikeville, KY 41501
      View Details
    • Value Estimation by Request
      672 SF

      4902 Zebulon Hwy

      FUNERAL HOME • 672 SF
      4902 Zebulon Hwy, Pikeville, KY 41501-3514
      View Details
    • Value Estimation by Request
      840 SF

      Belfry Belfry

      FUNERAL HOME • 840 SF
      Belfry Belfry, Pikeville, KY 41501
      View Details
    • Value Estimation by Request
      12,668 SF

      9751 Millard Hwy

      Individual retail properties • 12,668 SF
      9751 Millard Hwy, Pikeville, KY 41501
      View Details
    • Value Estimation by Request
      7,500 SF

      Frds Br

      FUNERAL HOME • 7,500 SF
      Frds Br, Pikeville, KY 41501
      View Details
    • Value Estimation by Request

      2138 Mayo Trl

      SERVICE STATION (FULL SERVICE)
      2138 Mayo Trl, Pikeville, KY 41501-2296
      View Details

    Similar Nearby for Sale

    • $1,531,425
      12,668 SF

      East Kentucky Dollar General Market

      High-yield, NNN-leased retail investment
      9751 Millard Hwy, Pikeville, KY 41501
      View Details
    • New
      $159,900
      6,109 SF

      Pikeville Commercial Building on US 23

      Spacious commercial property with high visibility and easy access.
      1812 Us Highway 23, Pikeville, KY 41501
      View Details
    • $195,000
      Pending

      Daycare Opportunity in Pikeville, KY

      Daycare property with play areas, classrooms, and parking.
      231 Church St, Pikeville, KY 41501
      View Details
    • $1,531,425
      12,668 SF

      Pikeville, KY Dollar General Market

      New Dollar General Market in Pikeville, KY for sale.
      9751 Millard Hwy, Pikeville, KY 41501
      View Details
    • $42,500
      0.51 Acres

      Pikeville Residential Land For Sale

      Spacious residential lot in a family-friendly Pikeville neighborhood.
      16 E Keyser Heights Dr, Pikeville, KY 41501
      View Details
    • $39,900
      1.50 Acres

      Residential Land in Pikeville, KY

      1.5 acre residential land perfect for building a home.
      Stillhouse Holw, Pikeville, KY 41501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Rent

      Land available for rent with high-traffic location.
      131 Justice Way, Pikeville, KY 41501
      View Details
    • Contact for pricing
      2,168 SF

      Retail Space in Pikeville, KY

      Retail spaces available, anchored by Hobby Lobby, Marshalls, Ross, Ulta.
      121 Justice Way, Pikeville, KY 41501
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Big Sandy

      Retail space available in Pikeville's Big Sandy Village.
      3889 N Mayo Trl, Pikeville, KY 41501
      View Details
    • Contact for pricing
      60,984 SF

      Drake's Land: 1.4-Acre Pad Site

      Prime Retail Pad, High Traffic Area
      175 Lee Ave, Pikeville, KY 41501
      View Details
    • Contact for pricing

      Pikeville Office Space Available

      Office space available for rent in Pikeville, Kentucky.
      Justice Way, Pikeville, KY 41501
      View Details
    • Contact for pricing
      3,492 SF

      Retail Space in Pikeville, KY

      Retail spaces available, anchored by Hobby Lobby, Marshalls, Ross.
      111 Justice Way, Pikeville, KY 41501
      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.
    1118 Mayo Trl
    Pikeville, KY 41501-2203
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.