Individually Owned Property summary
AI-generated overview
The Skytower, located at 1212 Bath Ave, Ashland, KY 41101, offers 98,000 square feet of prime office space. This multi-tenant building boasts breathtaking Ohio River views and a stunning marble entry. Currently, 12,500 square feet is available for immediate occupancy, with options ranging from individual furnished offices (200 sq ft) to a full 6,400 sq ft floor. Each floor (approx. 7,000 sq ft) is highly adaptable to various business needs. Amenities include private balconies, abundant natural light from Pella windows, and a diesel backup generator. Conveniently located between 12th and 13th streets, the building also features an on-site restaurant and fitness center. The property is zoned B3 and is powered by electricity. This is an exceptional opportunity to secure prestigious office space in Ashland's most desirable building. Available spaces range from 200 to 6,400 square feet of net usable space. Inquire today to learn more about this unique opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1976
Construction
STEEL FRAME
Lot
0.36 ac (15,682 SF)
Zoning code
COMMERCIAL
APN
030-08-17-002.00
UPID
US34-0956068
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Government
-
Physician
-
Foster Care Service Social Service Agency
-
Medical Clinic
-
Medical Billing Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$275k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$275k
Owner & transaction history
since 2020
Last sale
$308,000
2 recorded transactions
Zoning & alternative use
COMMERCIAL · Ashland, KY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$275k
Value range
$248k – $303k
±10% around blend
Confidence
Property data
88
Comparable evidence
60
$248k
blend $275k
$303k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
Lot area
0.36 ac
Year built
1976
Stories
3
APN
030-08-17-002.00
Zoning
COMMERCIAL
Assessed value
$1,225,000
Annual tax
$7,621
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$275k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
Not available
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$308k
Move the market yield to see immediate price impact.
Value / SF
N/A
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$19k
$388k
$277k
$216k
$22k
$431k
$308k
$240k
$24k
$474k
$339k
$264k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,621
Tax year 2023
Assessed value
$1,225,000
Assessed 2023
Previous assessed
$1,225,000
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$225,000
Assessed improvement
$1,000,000
Land market value
$225,000
Improvement market value
$1,000,000
Total market value
$1,225,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Lot
0.36 ac (15,682 SF)
Zoning code
COMMERCIAL
APN
030-08-17-002.00
UPID
US34-0956068
Jurisdiction
BOYD
Zoning & alternative use
COMMERCIAL · Ashland, KYZoning COMMERCIAL · permitted uses
COMMERCIAL · Ashland, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
0.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
COMMERCIAL
Jurisdiction
Ashland, KY
Recorded code
COMMERCIAL
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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