Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    215 Globe St Radcliff, KY 40160

    • Commercial real estate
    • 0.44 lot acres
    For Sale
    View listing
    $400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0476933
    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

    • C&C Motorsports / Auto Repair Shop

    Property Details for 215 Globe St

    Lot size
    0.44 lot acres
    Property type
    Commercial real estate
    APN
    138-40-03-039
    APU
    1384003039

    Description

    This exceptional commercial property, located at 215 Globe Street in Radcliff, Kentucky, presents a unique investment opportunity. Situated on a sizable 0.44-acre lot, the building offers significant versatility for a range of commercial uses. Currently configured as a multi-purpose space, it has served as a beauty shop, storage facility, and mechanic's shop, demonstrating its adaptability to diverse business needs. The property's layout allows for flexible configurations to suit various operational requirements. The substantial lot size provides ample space for expansion, additional parking, or outdoor storage, enhancing the property's overall functionality and appeal. Its location in Radcliff, Kentucky offers convenient access to local amenities and transportation routes, making it an attractive proposition for businesses seeking a strategic location. The asking price of $550,100 reflects the property's potential and the value it offers to prospective buyers. This is an excellent chance to acquire a well-positioned commercial property with proven adaptability and significant upside potential. The property's existing infrastructure provides a solid foundation for immediate occupancy or future renovations, catering to a wide spectrum of commercial ventures. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is ready for its next chapter, awaiting a visionary owner to unlock its full potential. Detailed information and specifications are available upon request.

    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
    Radcliff
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.9526
    Latitude
    37.8537
    CBSA code
    21060
    CBSA name
    ELIZABETHTOWN-FORT KNOX, KY METROPOLITAN 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
    2021
    $2,049
    $50,000
    $165,000
    $215,000
    -
    $50,000
    $165,000
    $215,000

    Comparable in this City

    • Value Estimation by Request
      1.80 Acres

      1380 Dixie Ave

      Commercial real estate • 1.80 Acres
      1380 Dixie Ave, Radcliff, KY 40160
      View Details
    • Value Estimation by Request
      4.85 Acres

      102 Gtwy Xing Blvd

      COMMERCIAL (GENERAL) • 4.85 Acres
      102 Gtwy Xing Blvd, Radcliff, KY 40160-9204
      View Details
    • Value Estimation by Request
      1.00 Acre

      Dixie Blvd At Millcreek Rd

      COMMERCIAL (GENERAL) • 1.00 Acre
      Dixie Blvd At Millcreek Rd, Radcliff, KY 40160
      View Details
    • Value Estimation by Request
      0.82 Acres

      Radcliff, KY 40160

      COMMERCIAL (GENERAL) • 0.82 Acres
      Radcliff, KY 40160
      View Details
    • Value Estimation by Request
      1.26 Acres

      Commerce Dr

      COMMERCIAL (GENERAL) • 1.26 Acres
      Commerce Dr, Radcliff, KY 40160
      View Details
    • Value Estimation by Request
      2.90 Acres

      4464 Deckard School Rd

      COMMERCIAL (GENERAL) • 2.90 Acres
      4464 Deckard School Rd, Radcliff, KY 40160-8751
      View Details

    Similar Nearby for Sale

    • $650,000
      1.80 Acres

      Radcliff Commercial Property - Huge Potential

      Profitable Auto Business w/ Real Estate
      1380 Dixie Ave, Radcliff, KY 40160
      View Details
    • $385,000
      1.02 Acres

      Radcliff Mobile Home Park Investment

      Eleven-lot park, high ROI potential.
      1087 Hill St, Radcliff, KY 40160
      View Details
    • $3,500,000
      55.00 Acres

      Radcliff KY Commercial Land

      55 Acres, Prime Development Opportunity
      0 Wilson Rd, Radcliff, KY 40160
      View Details
    • $250,000
      0.55 Acres

      Radcliff Commercial Property - Prime Location

      Historic Restaurant, Redevelopment Opportunity
      451 Wilson Rd, Radcliff, KY 40160
      View Details
    • $450,000
      0.54 Acres

      Radcliff Restaurant - Turnkey Opportunity

      Established Restaurant, Ample Parking, Great Location
      661 Knox Blvd, Radcliff, KY 40160
      View Details
    • $550,100
      0.44 Acres

      Radcliff Commercial Property - Great Potential

      Versatile Commercial Building, 0.44 Acres
      215 Globe St, Radcliff, KY 40160
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      97,070 SF

      Radcliff Square Retail Center

      Kentucky Retail Space Available: 13 Units
      137 Lincoln Trail Blvd, Radcliff, KY 40160
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Walmart

      Retail space with excellent visibility near Walmart Supercenter.
      2001 Walmart Way, Radcliff, KY 40160
      View Details
    • $4,889 /Mo
      58,806 SF

      Radcliff Commercial Land Lease Opportunity

      Prime 1.35-acre corner lot available for lease in Radcliff.
      2459 S Dixie Blvd, Radcliff, KY 40160
      View Details
    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.
    215 Globe St
    Radcliff, KY 40160
    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.