Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    48651 State Hwy 194 E, KY

    • Retail residential properties
    • 960 SF
    OFF-MARKET
    Last Sale
    Nov 09, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-2068368
    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

    • Retail residential properties

    Property Details for 48651 State Hwy 194

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    960 SF
    Property type
    Retail residential properties
    APN
    11343
    APU
    11343

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    E
    County
    Pike
    State
    Kentucky
    Longitude
    -82.1006
    Latitude
    37.5354

    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
    $462
    $0.00
    $0.00
    $25,000
    -
    $0.00
    $0.00
    $25,000

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      4452 4478th Ky Highway

      STORES & APARTMENTS • 0.50 Acres
      4452 4478th Ky Highway, 1032, KY
      View Details
    • Value Estimation by Request
      973 SF

      Little Hackney Crk, KY

      STORES & APARTMENTS • 973 SF
      Little Hackney Crk, KY
      View Details
    • Value Estimation by Request
      2,918 SF

      Grapevine Rd, KY

      STORES & APARTMENTS • 2,918 SF
      Grapevine Rd, KY
      View Details
    • Value Estimation by Request
      3,720 SF

      Ss Bypass

      STORES & APARTMENTS • 3,720 SF
      Ss Bypass, Rd, KY
      View Details
    • Value Estimation by Request
      2,240 SF

      80 Ky Hwy

      STORES & APARTMENTS • 2,240 SF
      80 Ky Hwy, Mouth Of Beaver Cir, KY
      View Details
    • Value Estimation by Request
      1,348 SF

      Maplewood Sub Dv, KY

      STORES & APARTMENTS • 1,348 SF
      Maplewood Sub Dv, KY
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,563 SF

      Modern Mixed-Use Investment Opportunity

      2021 mixed-use property with residential and commercial space.
      17th N St, Louisville, KY
      View Details
    • Contact for pricing
      290,915 SF

      Refrigerated Warehouse Near Interstate 75

      290,915 SF warehouse with refrigerated space near I-75.
      1270 Kentucky 192, London, KY
      View Details
    • $1,496,185
      12,480 SF

      Dollar General Market NNN Lease

      NNN leased Dollar General Market with 13+ years remaining.
      3604 Ky-3630, Annville, KY
      View Details
    • Contact for pricing

      304 Acres Near Kentucky Speedway

      304 acres of divisible land near Kentucky Speedway.
      125 Crawfords Rdg, Sanders, KY
      View Details
    • $285,000

      Commercial Lots in Frankfort Subdivision

      Commercial lots available in a Frankfort subdivision near Hwy 127.
      141 Water Tower Pl, Frankfort, KY
      View Details
    • $6,100,000

      Residential Development Land Parcel

      Large parcel for residential development in Eastern Jefferson County.
      716 Clark Sta Rd, Fisherville, KY
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,400 SF

      Retail Space in Publix-Anchored Center

      Prime retail opportunity in a new shopping center development.
      Harris Pike & Madison Pike, Independence, KY
      View Details
    • $18 SF/Yr
      2,000 SF

      Retail Space Near Major Anchors

      Retail space in Henderson, KY, near Wal-Mart and Lowe's.
      1111 Barett Blvd, Henderson, KY
      View Details
    • Contact for pricing
      3,110 SF

      Retail Space in Frankfort, KY

      Retail space available for lease in Frankfort, Kentucky.
      127 1303, Frankfort, KY
      View Details
    • Contact for pricing
      6,342 SF

      Retail Space in Florence, KY

      Retail space with excellent access and visibility in Florence.
      2028 Mall Cir Rd, Florence, KY
      View Details
    • Contact for pricing

      Land Sites for Lease

      Developed land available for lease in Northern Kentucky.
      Hoop Dr, Walton, KY
      View Details
    • Contact for pricing
      1,792 SF

      Landis Lakes TowneCenter Office Suite

      Office suite in mixed-use center with storefront entry.
      111-135 S English Staton Rd, Louisville, KY
      View Details
    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.
    48651 State Hwy 194
    E, KY
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.