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    Property profile & analytics

    506 12th St Murray, KY 42071-1660

    • Strip malls
    • 23,686 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US34-1400975
    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

    • Audibel Hearing Center / Hearing Aid Repair Service / Hearing Aid Store
    • Megan Burcham, APRN / Nurse Practitioner
    • Kristina Kaye Colley / Nurse Practitioner
    • Geneva C Gingerich / Nurse Practitioner
    • JASMAINE THEOBALD / Nurse Practitioner

    Property Details for 506 12th St

    Property size
    23,686 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    041-F-0001-00001
    APU
    041F000100001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Murray
    County
    Calloway
    State
    Kentucky
    Longitude
    -88.3131
    Latitude
    36.6187
    CBSA code
    34660
    CBSA name
    MURRAY, 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
    $13,332
    $0.00
    $0.00
    $1,600,000
    -
    $0.00
    $0.00
    $1,600,000

    Comparable in this City

    • Value Estimation by Request
      9,576 SF

      103 3rd St

      SHOPPING CENTER, STRIP CENTER • 9,576 SF
      103 3rd St, Murray, KY 42071-2551
      View Details
    • Value Estimation by Request
      4,404 SF

      3060 Us Hwy 641st N

      SHOPPING CENTER, STRIP CENTER • 4,404 SF
      3060 Us Hwy 641st N, Murray, KY 42071-7838
      View Details
    • Value Estimation by Request
      13.74 Acres

      Murray, KY 42071

      SHOPPING CENTER, STRIP CENTER • 13.74 Acres
      Murray, KY 42071
      View Details
    • Value Estimation by Request
      2,000 SF

      1608 Hwy 121st N Byp

      SHOPPING CENTER, STRIP CENTER • 2,000 SF
      1608 Hwy 121st N Byp, Murray, KY 42071-8911
      View Details
    • Value Estimation by Request
      6,360 SF

      504 Maple St

      SHOPPING CENTER, STRIP CENTER • 6,360 SF
      504 Maple St, Murray, KY 42071-2530
      View Details
    • Value Estimation by Request
      31,532 SF

      Murray, KY 42071

      SHOPPING CENTER, STRIP CENTER • 31,532 SF
      Murray, KY 42071
      View Details

    Similar Nearby for Sale

    • $499,000
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      Prime Murray KY Commercial Property

      High-traffic retail & warehouse, 12,060 SF
      512 12Th St, Murray, KY 42071
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      Commercial building in high-traffic location, adaptable for various uses.
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      Restaurant and Retail Opportunity

      Prime commercial location with restaurant and retail spaces for sale.
      408 N 12Th St, Murray, KY 42071
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    • $195,000

      Commercial Building in Murray, KY

      Versatile 3,307 sq ft commercial building with ample parking.
      1207 Story Ave, Murray, KY 42071
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    • $375,000

      Downtown Murray Versatile Commercial Property

      Charming property with B-3 zoning, suitable for versatile uses.
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    Similar Nearby for Lease

    • $15 SF/Yr

      Retail Space in High-Traffic Location

      Over 6,900 sqft retail space in Murray, KY.
      616 N 12Th St, Murray, KY 42071
      View Details
    • $32 SF/Yr

      Retail Space Near Murray State

      Retail spaces available in shopping center near Murray State.
      1300 Ky-121, Murray, KY 42071
      View Details
    • $2,500 /Mo

      Restaurant/Retail Space in Murray, KY

      Restaurant or retail space with high visibility in Murray, KY.
      1310 Main St, Murray, KY 42071
      View Details
    • $17 SF/Yr

      Retail Space in Murray, KY

      Commercial space for lease in a new Murray development.
      1713 N State Route 121, Murray, KY 42071
      View Details
    • $12 SF/Yr

      Prime Retail Space in Murray

      2,500 sq ft retail space in a premier commercial development.
      708 N 12Th St, Murray, KY 42071
      View Details
    • $17 SF/Yr

      Retail Space in Murray, KY

      Commercial space for lease in a high-visibility Murray location.
      1713 N State Route 121, Murray, KY 42071
      View Details

    Property Visit Statistics

    • Visits by month
      4.4k
    • Visitors by month
      5.6k
    • Avg Time on site
      24 min
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    506 12th St
    Murray, KY 42071-1660
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    Realmo Value Estimation

    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.

    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.

    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
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