Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    119 Caroline Ave Pikeville, KY 41501-1101
    Back to Search
    Property profile & analytics

    119 Caroline Ave, Pikeville, KY 41501-1101

    View on Map
    • Retail residential properties
    • 2,328 SF
    • 0.03 lot acres
    Off-Market
    Property ID
    US34-2073358
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CC Belle / Clothing & Fashion Store
    • Goodman Jr Thomas W / Law Firm

    Property Details for 119 Caroline Ave

    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.03 lot acres
    Property type
    Retail residential properties
    APN
    16093
    APU
    16093

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 6, 2024 $177,500 Eastern Holdings LLC Sheryl Boyer Deed —
    Dec 8, 2016 $177,500 Sheryl Boyer Anna Pinson Spears Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pikeville
    County
    Pike
    State
    Kentucky
    Longitude
    -82.5189
    Latitude
    37.4789

    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
    $896
    $0.00
    $0.00
    $177,500
    -
    $0.00
    $0.00
    $177,500

    Comparable in this City

    • Value Estimation by Request
      1,536 SF

      6275 Old Millard Hwy

      STORES & APARTMENTS
      6275 Old Millard Hwy, Pikeville, KY 41501-8051
      View Details
    • Value Estimation by Request
      1,721 SF

      9238 Us Hwy 23rd S

      STORES & APARTMENTS
      9238 Us Hwy 23rd S, Pikeville, KY 41501-3942
      View Details
    • Value Estimation by Request
      3,872 SF

      Patty Loveless Dr

      STORES & APARTMENTS
      Patty Loveless Dr, Pikeville, KY 41501
      View Details
    • Value Estimation by Request
      1,920 SF

      1021 Caney Hwy

      STORES & APARTMENTS
      1021 Caney Hwy, Pikeville, KY 41501-3970
      View Details
    • Value Estimation by Request
      1,536 SF

      33 Evergreen Ln

      STORES & APARTMENTS
      33 Evergreen Ln, Pikeville, KY 41501-2151
      View Details
    • Value Estimation by Request
      9,800 SF

      1395 Hwy 610th W

      STORES & APARTMENTS
      1395 Hwy 610th W, Pikeville, KY 41501
      View Details

    Similar Nearby for Sale

    • $40,000
      1.49 Acres

      Residential Land in Pikeville, KY

      Residential land with potential views and privacy in Pikeville.
      00 Map 048-00-00-008.00, Pikeville, KY 41501
      View Details
    • $450,000
      200.00 Acres

      Pikeville Acreage with Apartment, Garage

      200 acre Pikeville land with apartment, garage, sheds.
      15694 State Highway 194 West, Pikeville, KY 41501
      View Details
    • $74,000
      1.13 Acres

      Residential Land in Pikeville, KY

      Residential lot outside Pikeville city limits, close to amenities.
      5 Tolie Ln, Pikeville, KY 41501
      View Details
    • $170,000
      140.00 Acres

      140 Acres Recreational Land in Pikeville

      Undeveloped 140-acre recreational land perfect for hunting and outdoor activities.
      000 Right Fork Of Rockhouse Rd, Pikeville, KY 41501
      View Details
    • $239,000
      1,368 SF

      Renovated Duplex with Mountain Views

      Cash flowing, fully furnished duplex near colleges and hospital.
      219 Peach Orchard Dr, Pikeville, KY 41501
      View Details
    • $349,000
      0.91 Acres

      Residential Land in Gated Community

      0.91+/- acre corner lot in Northmonte Subdivision.
      1 Northmonte Dr, Pikeville, KY 41501
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      18,660 SF

      Retail Space in Pikeville

      Well-maintained strip center with suites available for lease.
      5571 Robinson Creek Rd, Pikeville, KY 41501
      View Details
    • 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
      2,000 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
      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

      Pikeville Town Center Retail Space

      Retail spaces available in Pikeville's only town center.
      N Mayo Trl & Thompson Rd, Pikeville, KY 41501
      View Details
    • Contact for pricing

      Retail and Restaurant Opportunities Available

      Retail and restaurant spaces available near major shopping center.
      175 Lee Ave, 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.
    119 Caroline Ave
    Pikeville, KY 41501-1101
    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
    119 Caroline Ave, Pikeville, KY, 41501
    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!