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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Office buildings
1611 Main St Hopkinsville, KY 42240-1975
Entity Owned
7-yr Hold
Property ID
US34-0411556
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
19,500 SF
Lot
0.69 ac (30,056 SF)
APN
218-00 01 028.00
UPID
US34-0411556
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
Current use
Occupant on record · Public records
-
Maple Grove Apartments Apartment Complex
-
Fuqua Joseph T MD Physician
-
Underwood Bookkeeping Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$839k
Blend (final)
Blend
$840k
Owner & transaction history
Burman Business LLC · 7 yrs held
Burman Business LLC
since 2018
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 Hopkinsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hopkinsville 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,345,000
Current use
RETAIL STORES
$1,255,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$840k
Range $756k – $924k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$43 / SF
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
Tax billed
$6,527
Tax year 2023
Assessed value
$840,000
Assessed 2023
Previous assessed
$840,000
+0.0% YoY
Effective rate
0.78%
On assessed value
Total market value
$840,000
Applied tax rate
1.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
YES
Cooling
YES
Stories
2
Total area
19,500 SF
Lot
0.69 ac (30,056 SF)
APN
218-00 01 028.00
UPID
US34-0411556
Jurisdiction
CHRISTIAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
YES
Cooling
Yes
Stories
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Burman Business LLC
Entity
Mailing address
1611 S MAIN ST STE A, HOPKINSVILLE, KY 42240-1975
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2020
—
Burman Business LLC
—
Deed
related
$639,140 · Planters Bank INC
Sep 11, 2018
$890,000
Burman Business LLC
Maple Grove Living Places LLC
Grant Deed
related
—
Jan 2, 2018
—
Maple Grove Living Places LLC
—
Deed
related
$746,461 · Us Bk
Aug 15, 2016
—
Maple Grove Living Places LLC
Princeton Apartments
Grant Deed
related
$796,461 · Us Bk
Aug 9, 2012
$155,000
Princeton Apts
Rec Properties LLC
Grant Deed
—
Dec 28, 2007
$400,000
Rec Properties LLC
Croft,russell E JR & Nancy
Grant Deed
—
May 15, 2006
$140,000
Russel E Croft JR.
Williams,douglas & Caroline C
Grant Deed
—
May 12, 2006
—
Russell E Croft JR.
Monarch Mtg Banking Co INC
Grant Deed
—
—
—
Princeton Apartments
—
Loan Modification
related
—
—
—
Maple Grove Living Places LLC
—
Loan Modification
related
$746,461 · Us Bk
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.
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