Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2885 Main St Clay City, KY 40312
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2885 Main St Clay City, KY 40312

    View on Map
    • Commercial real estate
    • 1,920 SF
    • 0.25 lot acres
    For Sale
    $445,000
    View Listing →
    Versatile Income Property with Acreage For Sale
    $445,000

    Versatile Income Property with Acreage

    Fully rented 8-unit property on 3 acres near Mountain Parkway.

    2885 Main St, Clay City, KY 40312
    View Listing
    Property ID
    US34-1356252
    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

    • Commercial real estate

    Property Details for 2885 Main St

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    1,920 SF
    Property type
    Commercial real estate
    APN
    15P-00-00-024.01
    APU
    15P000002401

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clay City
    County
    Powell
    State
    Kentucky
    Longitude
    -83.9023
    Latitude
    37.8429

    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
    $1,325
    $0.00
    $0.00
    $145,000
    -
    $0.00
    $0.00
    $145,000

    Comparable in this City

    • Value Estimation by Request

      Clay City, KY 40312

      COMMERCIAL (GENERAL)
      Clay City, KY 40312
      View Details
    • Value Estimation by Request
      8,000 SF

      5669 Hwy 15th St

      COMMERCIAL (GENERAL) • 8,000 SF
      5669 Hwy 15th St, Clay City, KY 40312-1308
      View Details
    • Value Estimation
      $2,140,000
      47,970 SF

      740 Brush Crk Rd

      COMMERCIAL (GENERAL) • 47,970 SF
      740 Brush Crk Rd, Clay City, KY 40312-9525
      View Details
    • Value Estimation by Request
      2,658 SF

      60 Irvine Rd

      COMMERCIAL (GENERAL) • 2,658 SF
      60 Irvine Rd, Clay City, KY 40312-9730
      View Details
    • Value Estimation by Request
      6,912 SF

      150 Riv St

      COMMERCIAL (GENERAL) • 6,912 SF
      150 Riv St, Clay City, KY 40312-1314
      View Details
    • Value Estimation by Request
      2,400 SF

      7th Ave

      COMMERCIAL (GENERAL) • 2,400 SF
      7th Ave, Clay City, KY 40312
      View Details

    Similar Nearby for Sale

    • $99,800
      7.50 Acres

      Residential Land in Clay City

      7.5 acre residential land for sale in Clay City.
      70 Millstone Rd, Clay City, KY 40312
      View Details
    • Contact for pricing
      Pending

      Land For Sale in Kentucky

      1.70 +/- acre lot available in Powell County.
      8538 Winchester Rd, Clay City, KY 40312
      View Details
    • $32,500
      Pending

      Partially Wooded Acreage in Clay City

      One acre lot with utilities in place, Clay City.
      Beech Fork Rd, Clay City, KY 40312
      View Details
    • $150,000
      4.89 Acres

      Land with Barn in Clay City

      Cleared land with barn, ready for building near Clay City.
      150 Waterfall Ln, Clay City, KY 40312
      View Details
    • $150,000
      1,004 SF

      Versatile Commercial Building in Clay City

      Dual-unit commercial building with high visibility and income potential.
      5657 Main St, Clay City, KY 40312
      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.
    2885 Main St
    Clay City, KY 40312
    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.
    Sign Up Successful!
    You now have access to more from Realmo!