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    15 Lincoln Ave Henderson, KY 42420
    Property profile & analytics

    15 Lincoln Ave, Henderson, KY 42420

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    • Commercial real estate
    • 0.67 lot acres
    Off-Market
    Property ID
    US34-1397856
    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

    • Commercial real estate

    Property Details for 15 Lincoln Ave

    Year built
    1978
    Lot size
    0.67 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 16-unit apartment building presents a compelling investment opportunity in the desirable city of Henderson, Kentucky. Located at 15 N Lincoln Ave, this property boasts a prime location offering residents convenient access to local amenities and attractions while maintaining a peaceful, quiet atmosphere. Constructed in 1978, the single building sits on a sizable 0.67-acre lot. The property comprises a well-balanced mix of unit sizes, including twelve one-bedroom units and four two-bedroom units, catering to a diverse range of tenants. The asking price for this turnkey investment is $1,040,000. This represents a strong potential return on investment given the stable rental market in Henderson. The property's age provides an opportunity for future value appreciation through potential renovations or upgrades. The building's solid construction and established tenancy history contribute to its overall appeal. This multifamily property is an excellent addition to any investor's portfolio, offering a blend of immediate income generation and long-term growth potential. The property's location in Henderson County, Kentucky, with a zip code of 42420, ensures easy access to local services and transportation networks. This is a rare opportunity to acquire a well-maintained, income-producing apartment building in a thriving Kentucky community. Serious inquiries are encouraged.

    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
    Henderson
    County
    Henderson
    State
    Kentucky
    Longitude
    -87.5710848
    Latitude
    37.8276703

    Comparable in this City

    • Contact for pricing
      26,700 SF

      Henderson Multifamily Turnkey Community

      20-unit multifamily property with recent and ongoing capital improvements.
      242 Shenandoah Pl, Henderson, KY 42420
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      Henderson Multifamily Portfolio

      Portfolio of four houses near Henderson employers and Evansville retail.
      211 Shenandoah Pl, Henderson, KY 42420
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    • $279,000
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      Henderson Triplex Near City Limits

      Three-unit complex with recent updates and full occupancy near Henderson.
      10161 Hwy 136 E, Henderson, KY 42420
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    • $135,000
      1,807 SF

      Henderson Duplex with Income Potential

      Two-unit duplex in Henderson, Kentucky, with studio and two-bedroom units.
      500 1St St, Henderson, KY 42420
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    • Contact for pricing

      126 William and Mary Ct, Henderson, KY 42420

      Duplexes
      126 William And Mary Ct, Henderson, KY 42420
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      Henderson Multifamily Portfolio

      Portfolio of multifamily properties with value-add and management upside.
      222 Shenandoah Pl, Henderson, KY 42420
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,700 SF

      Henderson Multifamily Turnkey Community

      20-unit multifamily property with recent and ongoing capital improvements.
      242 Shenandoah Pl, Henderson, KY 42420
      View Details
    • Contact for pricing

      Henderson Multifamily Portfolio

      Portfolio of four houses near Henderson employers and Evansville retail.
      211 Shenandoah Pl, Henderson, KY 42420
      View Details
    • $279,000
      2,574 SF

      Henderson Triplex Near City Limits

      Three-unit complex with recent updates and full occupancy near Henderson.
      10161 Hwy 136 E, Henderson, KY 42420
      View Details
    • $135,000
      1,807 SF

      Henderson Duplex with Income Potential

      Two-unit duplex in Henderson, Kentucky, with studio and two-bedroom units.
      500 1St St, Henderson, KY 42420
      View Details
    • Contact for pricing

      126 William and Mary Ct, Henderson, KY 42420

      Duplexes
      126 William And Mary Ct, Henderson, KY 42420
      View Details
    • Contact for pricing

      Henderson Multifamily Portfolio

      Portfolio of multifamily properties with value-add and management upside.
      222 Shenandoah Pl, Henderson, KY 42420
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail/Office Space Available

      Retail and office spaces for lease on Highway 41.
      2202 Us Highway 41, Henderson, KY 42420
      View Details
    • Contact for pricing

      Land Available Near Rural King

      Commercial land for rent with high visibility and traffic.
      1759 S Green St, Henderson, KY 42420
      View Details
    • Contact for pricing

      Versatile Industrial Complex For Rent

      38,245 SF industrial complex with office, warehouse, and garage spaces.
      5630 Airline Rd, Henderson, KY 42420
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    • Contact for pricing

      Commercial Land Near Rural King

      Commercial land available with high visibility and traffic counts.
      1700 S Green St, Henderson, KY 42420
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    • $23 SF/Yr

      Prime Retail Space Available

      Versatile commercial space in a high-visibility location.
      336 Rettig Rd, Henderson, KY 42420
      View Details
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    15 Lincoln Ave
    Henderson, KY 42420
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    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.

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    15 Lincoln Ave, Henderson, KY, 42420
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