Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2236 Us Highway 41 Henderson, KY 42420
    Property profile & analytics

    2236 Us Highway 41 Henderson, KY 42420

    View on Map
    • Turn key restaurants
    • 2,905 SF
    • 0.55 lot acres
    For Sale
    $1,835,000
    View Listing →
    Retail Property For Sale For Sale
    $1,835,000
    2,925 SF

    Retail Property For Sale

    Retail property with long-term lease and strong franchise guarantee.

    2236 US-41, Henderson, KY 42420
    View Listing
    Property ID
    US34-0809234
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 2236 Us Highway 41

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.55 lot acres
    Property size
    2,905 SF
    Zone code
    COMMERCIAL
    Property type
    Turn key restaurants
    APN
    65B-50
    APU
    65B50

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,830,000
      ML approach
      $1,830,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Henderson
    State
    Kentucky
    Longitude
    -87.5702
    Latitude
    37.8699
    CBSA code
    21780
    CBSA name
    EVANSVILLE, IN-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
    $4,550
    $0.00
    $0.00
    $407,000
    -
    $0.00
    $0.00
    $407,000

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      341 Grn St

      RESTAURANT • 4,800 SF
      341 Grn St, Henderson, KY 42420-3514
      View Details
    • Value Estimation by Request
      302 SF

      338 Grn St

      RESTAURANT • 302 SF
      338 Grn St, Henderson, KY 42420-3515
      View Details
    • Value Estimation by Request
      9,728 SF

      119 2nd St, Unit 117

      RESTAURANT • 9,728 SF
      119 2nd St, Henderson, KY 42420-3135
      View Details
    • Value Estimation by Request
      1,972 SF

      700 2nd St

      RESTAURANT • 1,972 SF
      700 2nd St, Henderson, KY 42420-3227
      View Details
    • Value Estimation by Request
      2,980 SF

      2067 Us Hwy 41st N

      RESTAURANT • 2,980 SF
      2067 Us Hwy 41st N, Henderson, KY 42420-2350
      View Details
    • Value Estimation by Request
      1.05 Acres

      2150 Us Hwy 60th E

      RESTAURANT • 1.05 Acres
      2150 Us Hwy 60th E, Henderson, KY 42420-2443
      View Details

    Similar Nearby for Sale

    • New
      $500,000
      0.55 Acres

      Downtown Henderson Commercial Redevelopment Opportunity

      Prime corner lot suitable for various commercial uses.
      701 N Green St, Henderson, KY 42420
      View Details
    • Contact for pricing

      Restaurant Space with Extra Land

      Restaurant with equipment and land for sale off S Green St.
      2278 S Green St, Henderson, KY 42420
      View Details
    • $500,000
      4,400 SF

      Versatile Commercial Property in Henderson

      Adaptable commercial property with storefront, offices, and practical amenities.
      1651 S Green St, Henderson, KY 42420
      View Details
    • $89,900
      1,100 SF

      Versatile Commercial Space in Henderson

      1,100 SF commercial space ideal for retail or office.
      1010 Washington St, Henderson, KY 42420
      View Details
    • $200,000

      Prime Downtown Henderson Commercial Corner

      High-visibility corner lot ideal for retail, office, or mixed-use.
      239 1St St, Henderson, KY 42420
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Established Shopping Center For Lease

      Well-established shopping center with high-volume grocer and strong market corridor.
      2480 Us Highway 41, Henderson, KY 42420
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Retail and office spaces for lease on Highway 41.
      2202 Us Highway 41, Henderson, KY 42420
      View Details
    • $25 SF/Yr
      3,516 SF

      Prime Retail Space in Henderson

      Versatile commercial space with high visibility and customizable interior.
      336 Rettig Rd, Henderson, KY 42420
      View Details
    • $23 SF/Yr

      Prime Retail Space Available

      Versatile commercial space in a high-visibility location.
      336 Rettig Rd, Henderson, KY 42420
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space at Green Street

      Retail space available at a prominent corner location.
      500 N Green St, Henderson, KY 42420
      View Details
    • Contact for pricing

      Land Available Near Rural King

      Commercial land for rent with high visibility and traffic.
      1759 S Green St, Henderson, KY 42420
      View Details
    View Listing
    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.
    2236 Us Highway 41
    Henderson, KY 42420
    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

    Thank You for Inquiry
    2236 Us Highway 41, Henderson, KY, 42420
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!