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    Property profile & analytics

    508 Spring St Clarkson, KY 42726

    • Commercial real estate
    • 4.59 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0902609
    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

    • Commercial real estate

    Property Details for 508 Spring St

    Year built
    2020
    Lot size
    4.59 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.59-acre commercial property in Clarkson, KY, presents a fantastic opportunity for entrepreneurs and investors. Located conveniently near the WK Parkway, the site boasts a substantial 72' x 40' metal building, perfect for a variety of uses. The building features a durable concrete floor, providing a solid foundation for any operation. Three-phase electric service is already installed, ensuring ample power for demanding businesses. Water is connected to the property, and the seller has proactively applied for a sewer connection, streamlining the setup process for future tenants or owners. Access is convenient with two exterior doors, plus a large 9' high x 12' wide overhead door, ideal for loading and unloading. A substantial concrete pad further enhances the functionality and usability of the building. This property is move-in ready and awaits your vision. Its prime location and existing infrastructure make it an ideal site for a workshop, warehouse, light industrial operation, or a variety of other commercial ventures. The expansive acreage offers ample room for expansion or future development, providing significant potential for growth and return on investment. Don't miss this chance to acquire a well-equipped and strategically located commercial property in a thriving Kentucky community. The property is priced at $350,000.

    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
    Clarkson
    County
    Grayson
    State
    Kentucky
    Longitude
    -86.21428
    Latitude
    37.4893

    Comparable in this City

    • Contact for pricing
      1.62 Acres

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      Ready-to-Build Lot Near Nolin

      1.89-acre lot in Indian Cliff Subdivision on Nolin Lake.
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    • $99,800
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      Land Near Nolin Lake

      6.77 acres with views near Nolin Lake.
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    • $30,000
      2.04 Acres

      Land Near Nolin Lake

      2.04 acre lot near Twin Cove Boat Dock on Nolin Lake.
      13 Ranchero Rd, Clarkson, KY 42726
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    • $40,000
      0.98 Acres

      Clarkson, KY Acreage Near Nolin

      0.98 acre lot near Nolin Lake, utilities available.
      2 Ranchero Rd, Clarkson, KY 42726
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    • $49,900
      2.68 Acres

      Clarkson, KY Residential Land

      2.68-acre lot in Clarkson, KY with road access.
      13622 Grayson Spring Rd, Clarkson, KY 42726
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.62 Acres

      Land Near Nolin Lake

      Unrestricted 1.62 acre parcel near Nolin Lake.
      149 Anderson Dr, Clarkson, KY 42726
      View Details
    • $40,000
      0.98 Acres

      Clarkson, KY Acreage Near Nolin

      0.98 acre lot near Nolin Lake, utilities available.
      2 Ranchero Rd, Clarkson, KY 42726
      View Details
    • Contact for pricing
      0.18 Acres

      Land For Sale Clarkson, KY

      Land available for purchase in Clarkson, Kentucky.
      Clark Ln, Clarkson, KY 42726
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    • $49,900
      2.68 Acres

      Clarkson, KY Residential Land

      2.68-acre lot in Clarkson, KY with road access.
      13622 Grayson Spring Rd, Clarkson, KY 42726
      View Details
    • $30,000
      2.04 Acres

      Land Near Nolin Lake

      2.04 acre lot near Twin Cove Boat Dock on Nolin Lake.
      13 Ranchero Rd, Clarkson, KY 42726
      View Details
    • $99,800
      6.77 Acres

      Land Near Nolin Lake

      6.77 acres with views near Nolin Lake.
      11 Troutman Ln, Clarkson, KY 42726
      View Details
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    508 Spring St
    Clarkson, KY 42726
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    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
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