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

    1199 Walnut St Hopkinsville, KY 42240-4261

    • Turn key restaurants
    • 4,640 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Jul 20, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0532240
    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

    • K2g Clothing / Clothing Store

    Property Details for 1199 Walnut St

    Lot size
    0.31 lot acres
    Property size
    4,640 SF
    Property type
    Turn key restaurants
    APN
    218-00 08 069.00
    APU
    218000806900

    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
    Hopkinsville
    County
    Christian
    State
    Kentucky
    Longitude
    -87.4838
    Latitude
    36.8617
    CBSA code
    17300
    CBSA name
    CLARKSVILLE, TN-KY METROPOLITAN 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
    $544
    $0.00
    $0.00
    $70,000
    -
    $0.00
    $0.00
    $70,000

    Comparable in this City

    • Value Estimation by Request
      29,880 SF

      1100 Main St

      RESTAURANT • 29,880 SF
      1100 Main St, Hopkinsville, KY 42240-2079
      View Details
    • Value Estimation by Request
      7,394 SF

      201 Clinic Dr

      RESTAURANT • 7,394 SF
      201 Clinic Dr, Hopkinsville, KY 42240-4995
      View Details
    • Value Estimation by Request
      3,384 SF

      2915 Ft Campbell Blvd

      RESTAURANT • 3,384 SF
      2915 Ft Campbell Blvd, Hopkinsville, KY 42240-4901
      View Details
    • Value Estimation by Request
      2,090 SF

      2629 Ft Campbell Blvd

      RESTAURANT • 2,090 SF
      2629 Ft Campbell Blvd, Hopkinsville, KY 42240-4938
      View Details
    • Value Estimation by Request
      3,000 SF

      515 Heritage Way

      RESTAURANT • 3,000 SF
      515 Heritage Way, Hopkinsville, KY 42240-8732
      View Details
    • Value Estimation
      $5,960,000
      4,952 SF

      4089 Ft Campbell Blvd

      RESTAURANT • 4,952 SF
      4089 Ft Campbell Blvd, Hopkinsville, KY 42240-4962
      View Details

    Similar Nearby for Sale

    • $999,500
      4,697 SF

      Prime Retail and Business Space

      Two buildings with drive-thru, ideal for retail or business.
      1112 W 7Th St, Hopkinsville, KY 42240
      View Details
    • $390,000
      0.43 Acres

      Commercial Buildings on Fort Campbell

      Two commercial buildings on one parcel, ideal for investment.
      2518 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • $83,500

      Historic Hopkinsville Building with Possibilities

      Historic building in downtown Hopkinsville, suitable for various uses.
      301 S Main St, Hopkinsville, KY 42240
      View Details
    • $450,000

      Freestanding Retail Building For Sale

      Freestanding 2,200 SF retail building on 0.64 acres.
      2303 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • $2,376,611
      2,050 SF

      Hopkinsville Kentucky KFC For Sale

      Freestanding KFC with long-term lease and attractive rental increases.
      3000 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • $99,500
      0.03 Acres

      Retail in Hopkinsville Renaissance District

      Retail property in Hopkinsville's Renaissance District, eligible for incentive programs.
      603 S Virginia St, Hopkinsville, KY 42240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      49,040 SF

      Hopkinsville Retail Center Investment

      High-traffic mall space available in KY
      4000 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • $12 SF/Yr
      116,611 SF

      Hopkinsville KY Office Space For Lease

      Prime Hopkinsville Office Space - 5,500 SF Available
      2601 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on Fort Campbell

      Retail space available on Fort Campbell Boulevard in Hopkinsville.
      2529-2615 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • $20 SF/Yr
      11,157 SF

      Hopkinsville Retail Sublease Opportunity

      Freestanding building, high visibility, 11,157 sq ft.
      2626 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • $20 SF/Yr
      11,157 SF

      Freestanding Building on Fort Campbell

      Freestanding vacant building available for sublease on Fort Campbell Boulevard.
      2626 Fort Campbell Blvd, Hopkinsville, KY 42240
      View Details
    • $4,000 /Mo

      Office Space on High-Traffic Boulevard

      500 sq ft office space with great visibility.
      1102 E 21St St, Hopkinsville, KY 42240
      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.
    1199 Walnut St
    Hopkinsville, KY 42240-4261
    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.