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Property profile & analytics
FOR SALE
Grocery and convenience stores
1606 Argillite Rd Flatwoods, KY 41139
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-0235485
For Sale
1 / 7
Contact for pricing
1606 Argillite Rd, Flatwoods, KY 41139
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,272 SF
Lot
0.58 ac (25,420 SF)
APN
182-20-04-078.00
UPID
US34-0235485
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pappys Cookin LLC · 3 yrs held
Pappys Cookin LLC
since 2023
Last sale
$191,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Flatwoods submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flatwoods submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$310,000
Assessed 2023
Previous assessed
$310,000
+0.0% YoY
Assessed land
$95,000
Assessed improvement
$215,000
Land market value
$95,000
Improvement market value
$215,000
Total market value
$310,000
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Sale
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
5,272 SF
Lot
0.58 ac (25,420 SF)
APN
182-20-04-078.00
UPID
US34-0235485
Jurisdiction
GREENUP
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Pappys Cookin LLC
Entity
Mailing address
2030 W HEARTHSTONE LN, ASHLAND, KY 41102-8069
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
$191,000
Pappys Cookin LLC
Citizens Bank Of Kentucky
Deed
$152,800 · Members Choice Cu
Dec 21, 2020
$220,900
Citizens Bk
Master Commissioner Of Greenup Cn|dil LLC
Foreclosure
related
—
Jan 7, 2016
—
Dil LLC
—
Trustees Deed
related
$149,900 · Citizens Nat'l Bk
Feb 3, 2015
—
Dil LLC
Lori Menshouse
Deed
$200,000 · Citizens National Bank
Jan 5, 2015
$90,000
Lori Menshouse
Bayview Ln Svcg LLC
Grant Deed
—
Oct 22, 2014
$186,100
Bayview Ln Svcg LLC
Greenup Circuit Court|garcia,jose
Trustees Deed
—
Sep 27, 2007
$310,000
Toro Loco,inc.
Dian Layman
Land Contract
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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