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Property profile

408 12th St Murray, KY 42071

OFF-MARKET
Retail space
Property ID
US34-2108780
1,600 SF
Last sale Feb 2016 · $162,000
Individually Owned Owner of record is an individual. 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 5,088 square foot commercial property, located at 408 N 12th Street in Murray, Kentucky, presents a rare investment opportunity. Situated on a prominent corner lot at the intersection of 12th Street (US 641) and Chestnut Street, this location boasts unparalleled visibility and high traffic counts, benefiting from its proximity to Murray State University and its position along a major artery. The property's history as a long-standing restaurant (over 40 years as Pizza Hut and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$887
Tax billed · 2023
Assessed value$250k
Effective rate0.35%

Value estimate

· Oct 2026
$280k
$252k – $308k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$78/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$27 – $104

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCALLOWAY

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop10.6
Convenience Store10.5
HVAC Service9.9

Location

408 12th St Murray, KY 42071-2344
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Riv, Murray, KY 42071 $45,000 Dec 2023 1,200 SF
820 Coldwater, Murray, KY 42071-1663 $60,000 Dec 2023 1,200 SF
1204 Story, Murray, KY 42071-2475 $39,000 Mar 2023 1,248 SF
1300 Main, Murray, KY 42071-1823 $234,000 Nov 2022 2,244 SF
917 Coldwater, Murray, KY 42071-1689 $160,000 Jun 2021 1,112 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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