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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    505 Columbia Ave Campbellsville, KY 42718-2352

    • Motels
    • 7,012 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1320880
    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

    • Towne Motel / Hotel & Motel
    • Turner Log Cabin Park / Park

    Property Details for 505 Columbia Ave

    Construction
    WOOD
    Lot size
    0.95 lot acres
    Property size
    7,012 SF
    Property type
    Motels
    APN
    C09-13-25
    APU
    C091325

    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
    Campbellsville
    County
    Taylor
    State
    Kentucky
    Longitude
    -85.3461
    Latitude
    37.3352
    CBSA code
    15820
    CBSA name
    CAMPBELLSVILLE, KY MICROPOLITAN 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
    $1,075
    $0.00
    $0.00
    $255,000
    -
    $0.00
    $0.00
    $255,000

    Comparable in this City

    • Value Estimation by Request
      4.46 Acres

      3244 Smith Rdg Rd

      MOTEL • 4.46 Acres
      3244 Smith Rdg Rd, Campbellsville, KY 42718-8603
      View Details
    • Value Estimation by Request
      5,602 SF

      420 Jackson St

      MOTEL • 5,602 SF
      420 Jackson St, Campbellsville, KY 42718-1819
      View Details
    • Value Estimation by Request
      1,904 SF

      Sheridan Dr

      MOTEL • 1,904 SF
      Sheridan Dr, Campbellsville, KY 42718
      View Details
    • Value Estimation by Request
      36,872 SF

      1400 Broadway St

      MOTEL • 36,872 SF
      1400 Broadway St, Campbellsville, KY 42718-1569
      View Details
    • Value Estimation by Request
      4,807 SF

      601 Broadway St

      MOTEL • 4,807 SF
      601 Broadway St, Campbellsville, KY 42718-1535
      View Details
    • Value Estimation by Request
      8,954 SF

      40 Greenbriar Mnr

      MOTEL • 8,954 SF
      40 Greenbriar Mnr, Campbellsville, KY 42718-9636
      View Details

    Similar Nearby for Sale

    • $325,000
      0.05 Acres

      Downtown Campbellsville Commercial Building

      Historic Campbellsville investment opportunity.
      117 Main St, Campbellsville, KY 42718
      View Details
    • $250,000
      2,400 SF

      Highway 210 Retail Opportunity

      Commercial building with high visibility and road frontage on Hwy 210.
      12753 Hodgenville Rd, Campbellsville, KY 42718
      View Details
    • $299,900
      62.34 Acres

      Campbellsville Hunting Paradise with Acreage

      120-acre farm, ideal for hunting, with diverse landscape and amenities.
      3 Price Hill Spur Rd, Campbellsville, KY 42718
      View Details
    • $214,630
      16.51 Acres

      Campbellsville Vacant Farmland Opportunity

      16.51 acres of vacant farmland near Green River Lake.
      1205 Milder Creek Rd, Campbellsville, KY 42718
      View Details
    • $394,900
      1,428 SF

      Campbellsville Ranch Home on Acreage

      Spacious ranch home on 10.52 acres near town.
      1281 Meadow Creek Rd, Campbellsville, KY 42718
      View Details
    • $160,000

      Income Producing Commercial Building

      Three-unit commercial building with parking and billboard lease in Campbellsville.
      434 W Main St, Campbellsville, KY 42718
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Versatile Commercial Space on Broadway

      High-visibility commercial space near downtown and Campbellsville University.
      211 E Broadway St, Campbellsville, KY 42718
      View Details
    • Contact for pricing
      34,000 SF

      Campbellsville Retail Center Opportunity

      Prime 34,000 SF Retail Space Available
      1505 Broadway St, Campbellsville, KY 42718
      View Details
    • Contact for pricing
      34,000 SF

      Retail Space in Campbellsville, KY

      Retail space available in Campbellsville, Kentucky.
      1509 E Broadway St, Campbellsville, KY 42718
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Green River Plaza

      Grocery-anchored retail space with high visibility on Campbellsville Bypass.
      399 Campbellsville Byp, Campbellsville, KY 42718
      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.
    505 Columbia Ave
    Campbellsville, KY 42718-2352
    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.