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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    222 Thompsonville Ln Oak Grove, KY 42262-8250

    • Retail space
    • 36,770 SF
    • 5.04 lot acres
    OFF-MARKET
    Value Estimations
    $3,255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0494200
    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

    • Dollar Tree / Discount Store
    • Truist - ATM / Atm

    Property Details for 222 Thompsonville Ln

    Year built
    2008
    Lot size
    5.04 lot acres
    Property size
    36,770 SF
    Property type
    Retail space
    APN
    145-00 00 014.03
    APU
    145000001403

    Description

    The Shoppes at Oak Grove offers a prime retail opportunity in a bustling strip center. This single-story, 36,770 square foot Class C building, constructed in 2008, sits on a 5.04-acre lot and boasts 55 parking spaces. Currently, there are 7,267 square feet of vacant space available, divisible to a minimum of 2,267 square feet. The flexible space is ideal for various retail uses, including the existing gym tenant. The property is conveniently located on Ft. Campbell Blvd, providing excellent visibility and accessibility. The zoning is B1. The building is ready for immediate occupancy, with the existing space stripped down and prepared for a new tenant's buildout. Landlord is open to providing tenant improvements based on the tenant's needs. This presents a unique chance to establish a business in a high-traffic area, adjacent to a major retailer like Walmart. The property's size and location make it an attractive investment for businesses seeking a strong foothold in a thriving market. Don't miss this opportunity to secure your space in this established retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,254,000
      Market price range: $1.12M - $3.80M
      AI Estimate
      $3,254,000
      Market price range: $1.12M - $3.80M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,375,000
      Current use
      OFFICE BUILDING
      $2,660,000
      Change: +12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Grove
    County
    Christian
    State
    Kentucky
    Longitude
    -87.4394
    Latitude
    36.6662
    CBSA code
    17300
    CBSA name
    CLARKSVILLE, TN-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
    2023
    $23,993
    $0.00
    $0.00
    $3,075,000
    -
    $0.00
    $0.00
    $3,075,000

    Comparable in this City

    • Value Estimation by Request
      300 SF

      Ft Campbell Blvd

      RETAIL STORES (PERSONAL SERVICES) • 300 SF
      Ft Campbell Blvd, Oak Grove, KY 42262
      View Details
    • Value Estimation by Request
      2,800 SF

      16398 Ft Campbell Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      16398 Ft Campbell Blvd, Oak Grove, KY 42262-7208
      View Details
    • Value Estimation
      $560,000
      5,415 SF

      Ft Campbell Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,415 SF
      Ft Campbell Blvd, Oak Grove, KY 42262
      View Details
    • Value Estimation by Request
      5,700 SF

      15088 Ft Campbell Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,700 SF
      15088 Ft Campbell Blvd, Oak Grove, KY 42262-9301
      View Details
    • Value Estimation by Request
      3,000 SF

      863 Gate 7th Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      863 Gate 7th Rd, Oak Grove, KY 42262
      View Details
    • Value Estimation
      $1,070,000
      10,332 SF

      8491 Pembroke Oak Grv Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,332 SF
      8491 Pembroke Oak Grv Rd, Oak Grove, KY 42262-9175
      View Details

    Similar Nearby for Sale

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      Established Truck Wash Business Opportunity

      Well-established truck wash business for sale, fully equipped and operational.
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      0 Pembroke Oak Grove Rd, Pembroke, KY 42262
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    Similar Nearby for Lease

    • $17 SF/Yr
      1,200 SF

      Retail Space Near Fort Campbell

      Retail space for lease near Fort Campbell military base.
      16488 Fort Campbell Blvd, Oak Grove, KY 42262
      View Details
    • $14 SF/Yr
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      Oak Grove Retail Opportunity

      Retail space available across from Ft. Campbell Military Base.
      16428 Ft. Campbell Blvd, Oak Grove, KY 42262
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    • $19 SF/Yr
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      New Retail Space Available

      New retail spaces available for rent, Spring 2026.
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    • $900 /Mo
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      Oak Grove Duplex Unit

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    222 Thompsonville Ln
    Oak Grove, KY 42262-8250
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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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