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    Property profile & analytics

    205 12th St Murray, KY 42071-1913

    • Drive through restaurants
    • 3,176 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0856042
    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

    • Cook Out / Hot Dog Restaurant / Restaurant

    Property Details for 205 12th St

    Property size
    3,176 SF
    Property type
    Drive through restaurants
    APN
    003-0-0014-00010
    APU
    30001400010

    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
    Murray
    County
    Calloway
    State
    Kentucky
    Longitude
    -88.3156
    Latitude
    36.6135
    CBSA code
    34660
    CBSA name
    MURRAY, 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
    $2,746
    $0.00
    $0.00
    $765,000
    -
    $0.00
    $0.00
    $765,000

    Comparable in this City

    • Value Estimation
      $1,720,000
      2,112 SF

      402 12th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,112 SF
      402 12th St, Murray, KY 42071-1954
      View Details
    • Value Estimation by Request
      2,520 SF

      Murray, KY 42071

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,520 SF
      Murray, KY 42071
      View Details
    • Value Estimation
      $340,000
      3,592 SF

      1310 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,592 SF
      1310 Main St, Murray, KY 42071-1823
      View Details
    • Value Estimation by Request
      1,792 SF

      1301 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,792 SF
      1301 Main St, Murray, KY 42071-1822
      View Details
    • Value Estimation by Request
      3,532 SF

      107 12th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,532 SF
      107 12th St, Murray, KY 42071-1911
      View Details
    • Value Estimation by Request
      2,116 SF

      507 12th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,116 SF
      507 12th St, Murray, KY 42071-1652
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Restaurant and Retail Opportunity

      Prime commercial location with restaurant and retail spaces for sale.
      408 N 12Th St, Murray, KY 42071
      View Details
    • $375,000

      Downtown Murray Versatile Commercial Property

      Charming property with B-3 zoning, suitable for versatile uses.
      102 S 6Th St, Murray, KY 42071
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    • $499,000
      12,060 SF

      Prime Murray KY Commercial Property

      High-traffic retail & warehouse, 12,060 SF
      512 12Th St, Murray, KY 42071
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    • $735,000

      Commercial Building Near University

      Commercial building in high-traffic location, adaptable for various uses.
      1301 Chestnut St, Murray, KY 42071
      View Details
    • $295,000

      Retail Building on South Fourth

      3200 SF retail building in Murray, Kentucky for sale.
      506 S 4Th St, Murray, KY 42071
      View Details
    • New
      $350,000
      0.32 Acres

      Prime Corner Lot Redevelopment Opportunity

      Corner lot on primary thoroughfare suitable for redevelopment or repurposing.
      117 S 12Th St, Murray, KY 42071
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Restaurant/Retail Space in Murray, KY

      Restaurant or retail property for lease in Murray, Kentucky.
      1310 Main St, Murray, KY 42071
      View Details
    • $12 SF/Yr

      Prime Retail Space in Murray

      3,000 sq ft retail space in premier commercial development.
      716 N 12Th St, Murray, KY 42071
      View Details
    • $12 SF/Yr

      Prime Retail Space in Murray

      2,500 sq ft retail space in premier commercial development.
      708 N 12Th St, Murray, KY 42071
      View Details
    • $15 SF/Yr

      Retail Space in High-Traffic Area

      Over 6,900 sqft retail space in Murray, KY's retail district.
      616 N 12Th St, Murray, KY 42071
      View Details
    • $4,400 /Mo

      Prime Retail Space in Murray

      4,000 SF commercial space in front of Walmart SuperCenter.
      815 N 12Th St, Murray, KY 42071
      View Details
    • $2,800 /Mo

      Retail Space in Olive Plaza

      Highly visible retail space available in Murray, Kentucky.
      201 N 12Th St, Murray, KY 42071
      View Details
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    205 12th St
    Murray, KY 42071-1913
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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.

    More about this property
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