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Property profile & analytics
OFF-MARKET
Office buildings
250 American Greeting Card Rd, Corbin, KY 40701-4801
Entity Owned
3-yr Hold
Free & Clear
Property ID
US34-0915007
Property summary
AI-generated overview
This Corbin, KY industrial warehouse offers 178,000 square feet of space for lease in a Class B building. Located at 250 American Greeting Card Rd, this single-building property is zoned I-1 and situated in Laurel County (zip code 40701). The warehouse is part of a larger 1,003,200 square foot facility and features eight dock doors (non-dedicated), a new roof, and heavy power. The property provides a full suite of logistics and fulfillment services beyond traditional storage, including inventory management, product listings, customer service, palletizing, and shipping/receiving. This unique offering is ideal for businesses requiring comprehensive logistics solutions. Its location less than five miles from Interstate-75 offers easy access to major transportation routes, connecting Northern Michigan to Miami, Florida. Pricing is dependent on the desired level of warehouse services. The property is available for multiple tenants.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1969
Construction
STEEL FRAME
Lot
107.36 ac (4,676,602 SF)
APN
122-00-00-080.00
UPID
US34-0915007
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Modor Real Estates LLC · 3 yrs held
Modor Real Estates LLC
since 2023
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Corbin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corbin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$28,294
Tax year 2023
Assessed value
$3,577,000
Assessed 2023
Previous assessed
$3,577,000
+0.0% YoY
Effective rate
0.79%
On assessed value
Total market value
$3,577,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
OTHER
Cooling
OTHER
Stories
1
Lot
107.36 ac (4,676,602 SF)
APN
122-00-00-080.00
UPID
US34-0915007
Jurisdiction
LAUREL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1969
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
107.36 ac
Current owner
From public records · entity-resolved
Modor Real Estates LLC
Entity
Free & Clear · 3 yrs held
Mailing address
250 AMERICAN GREETING CARD RD, CORBIN, KY 40701-4801
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2023
—
Modor Real Estates LLC
Webbed Sphere Investments LLC
Warranty Deed
—
Sep 20, 2022
$19,575,000
Webbed Sphere Investments LLC
Webbed Sphere INC
Warranty Deed
—
Apr 28, 2011
$3,520,000
Webbed Sphere, INC
Khh, LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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