Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1891 Lantaff Blvd Madisonville, KY 42431-9403
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1891 Lantaff Blvd Madisonville, KY 42431-9403

    View on Map
    • Commercial real estate
    • 4.46 lot acres
    Off-Market
    Last Sale Apr 28, 2023
    $2,325,000
    Property ID
    US34-2005951
    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
    $2,325,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Baymont by Wyndham Madisonville / Hotel & Motel

    Property Details for 1891 Lantaff Blvd

    Year built
    1996
    Construction
    CONCRETE BLOCKS
    Lot size
    4.46 lot acres
    Property type
    Commercial real estate
    APN
    M-30-5-18Q
    APU
    M30518Q

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,330,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madisonville
    County
    Hopkins
    State
    Kentucky
    Longitude
    -87.4917
    Latitude
    37.3545
    CBSA code
    31580
    CBSA name
    MADISONVILLE, 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
    $26,115
    $0.00
    $0.00
    $2,593,300
    -
    $0.00
    $0.00
    $2,593,300

    Comparable in this City

    • Value Estimation by Request
      12.91 Acres

      Progress Dr

      COMMERCIAL (GENERAL) • 12.91 Acres
      Progress Dr, Madisonville, KY 42431
      View Details
    • Value Estimation by Request
      2.50 Acres

      Main

      COMMERCIAL (GENERAL) • 2.50 Acres
      Main, Madisonville, KY 42431
      View Details
    • Value Estimation by Request
      0.43 Acres

      Main Off

      COMMERCIAL (GENERAL) • 0.43 Acres
      Main Off, Madisonville, KY 42431
      View Details
    • Value Estimation by Request
      0.27 Acres

      Madisonville, KY 42431

      COMMERCIAL (GENERAL) • 0.27 Acres
      Madisonville, KY 42431
      View Details
    • Value Estimation by Request

      Noel

      COMMERCIAL (GENERAL)
      Noel, Madisonville, KY 42431
      View Details
    • Value Estimation by Request
      0.16 Acres

      Noel

      COMMERCIAL (GENERAL) • 0.16 Acres
      Noel, Madisonville, KY 42431
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      430 SF

      Furnished Office Suite in Madisonville

      Furnished 430 sq ft office suite with private bath.
      1484 Island Ford Rd, Madisonville, KY 42431
      View Details
    • $495,000
      6,516 SF

      Diesel Mechanic Shop Opportunity

      Ready-to-restart diesel mechanic shop in high-traffic Madisonville location.
      115 Tucker Schoolhouse Rd, Madisonville, KY 42431
      View Details
    • $175,000
      1.07 Acres

      Commercial Land in Madisonville, KY

      Commercial land for sale in a high-traffic location.
      Madisonville, KY 42431
      View Details
    • $185,000
      1,500 SF

      Madisonville Duplex with Leased Units

      Duplex in Madisonville, KY with existing leases.
      825/827 Independence Dr, Madisonville, KY 42431
      View Details
    • $565,000
      2.18 Acres

      Prime Commercial Land, Madisonville

      Highly visible commercial land with extensive road frontage in Madisonville.
      N Main St, Madisonville, KY 42431
      View Details
    • $500,000
      Pending

      Commercial Land in Madisonville, KY

      Prime commercial property in growing Madisonville, Kentucky, totaling 3.19 acres.
      110 Quinten Dr, Madisonville, KY 42431
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Development off I-69

      New retail development in Madisonville, Kentucky, off I-69.
      I-69 And Is Frd Rd, Madisonville, KY 42431
      View Details
    • Contact for pricing

      Prime Commercial Land For Lease

      3.5 AC commercial land for lease with high visibility.
      1650 S Main St, Madisonville, KY 42431
      View Details
    • New
      $1,200 /Mo
      1,260 SF

      Downtown Madisonville Retail/Commercial Space

      Retail/commercial space in downtown Madisonville with high ceilings and accessibility.
      36 W Center St, Madisonville, KY 42431
      View Details
    • Contact for pricing

      Retail Space in Madisonville, KY

      Retail space in a vibrant Madisonville community.
      9 E Arch St, Madisonville, KY 42431
      View Details

    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      659
    • Avg Time on site
      481 min
    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.
    1891 Lantaff Blvd
    Madisonville, KY 42431-9403
    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.
    Sign Up Successful!
    You now have access to more from Realmo!