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

    1216 Race St Glasgow, KY 42141-3462

    • Commercial real estate
    • 8,888 SF
    • 2.14 lot acres
    OFF-MARKET
    Value Estimations
    $715,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1513290
    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

    • Jessica Stinson / General Practitioner / Family Practice Physician
    • Betty Alexander / General Practitioner / Nurse Practitioner
    • Larry Marion / Nursing Agency
    • Dr. Michael T. Marion, MD / Surgeon
    • Eric Vessels / Medical Clinic / Anesthesiologist

    Property Details for 1216 Race St

    Year built
    1994
    Lot size
    2.14 lot acres
    Property size
    8,888 SF
    Property type
    Commercial real estate
    APN
    95-54H
    APU
    9554H

    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
    Glasgow
    County
    Barren
    State
    Kentucky
    Longitude
    -85.9025
    Latitude
    37.0104
    CBSA code
    23980
    CBSA name
    GLASGOW, 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
    $9,542
    $300,000
    $540,000
    $840,000
    -
    $300,000
    $540,000
    $840,000

    Comparable in this City

    • Value Estimation by Request
      1.91 Acres

      70 Witty Rd

      COMMERCIAL (GENERAL) • 1.91 Acres
      70 Witty Rd, Glasgow, KY 42141-9435
      View Details
    • Value Estimation by Request
      4.10 Acres

      Witty Rd

      COMMERCIAL (GENERAL) • 4.10 Acres
      Witty Rd, Glasgow, KY 42141
      View Details
    • Value Estimation by Request
      0.45 Acres

      Ymca Way

      COMMERCIAL (GENERAL) • 0.45 Acres
      Ymca Way, Glasgow, KY 42141
      View Details
    • Value Estimation by Request
      1.04 Acres

      L Rogers Wls S Blvd

      COMMERCIAL (GENERAL) • 1.04 Acres
      L Rogers Wls S Blvd, Glasgow, KY 42141
      View Details
    • Value Estimation by Request

      111 A-d Embark Ct

      COMMERCIAL (GENERAL)
      111 A-d Embark Ct, Glasgow, KY 42141
      View Details
    • Value Estimation by Request

      245 L Rogers Wls Blvd

      COMMERCIAL (GENERAL)
      245 L Rogers Wls Blvd, Glasgow, KY 42141
      View Details

    Similar Nearby for Sale

    • $199,900

      Glasgow Commercial Building Investment

      High-Yield Lease, Great Return
      4288 Jackson Hwy, Glasgow, KY 42141
      View Details
    • $399,000
      1.19 Acres

      Glasgow Commercial Land - Prime Location

      1.19 Acres, Ready-to-Build, Two Entrances
      1520 Happy Valley Rd, Glasgow, KY 42141
      View Details
    • $1,800,000
      1.88 Acres

      Glasgow Commercial Property Investment

      High-visibility, 4470 sq ft commercial space on 1.88 acres.
      754 Cherry St, Glasgow, KY 42141
      View Details
    • $1,495,000
      9.46 Acres

      2420 New Bowling Green Rd, Glasgow, KY 42141

      Commercial real estate • 9.46 Acres
      2420 New Bowling Green Rd, Glasgow, KY 42141
      View Details
    • $27,000,000
      212.00 Acres

      Glasgow KY Manufacturing Facility

      Massive Facility, 764,000 SF, 211 Acres
      120 Donnelley Dr, Glasgow, KY 42141
      View Details
    • $189,900
      1.65 Acres

      Glasgow Commercial Building - Investment

      High-yield leased property, great return.
      4288 Jackson Hwy, Glasgow, KY 42141
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      350,000 SF

      Barren River Plaza Retail Space

      Glasgow, KY Retail Center: High-traffic location.
      378 L Rogers Wells Blvd, Glasgow, KY 42141
      View Details
    • $13 SF/Yr
      4,650 SF

      Glasgow Commercial Space for Lease

      Versatile space, high visibility, ample parking
      650 Reynolds Rd, Glasgow, KY 42141
      View Details
    • Contact for pricing
      8,400 SF

      Happy Valley Road Retail Space

      Glasgow, KY Strip Center - 2,400 SF Available
      621 Happy Valley Rd, Glasgow, KY 42141
      View Details
    • Contact for pricing

      Glasgow Office Building For Sale

      Prime Medical Office Space, 1800+ sq ft
      1411 Race St, Glasgow, KY 42141
      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.
    1216 Race St
    Glasgow, KY 42141-3462
    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.