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Property profile & analytics
FOR SALE
Retail space

512 S 12Th St Murray, KY 42071

12,060 SF
Individually Owned 11-yr Hold ~ Est. High Equity
Property ID
US34-0982814
Property summary
AI-generated overview

This exceptional 12,060 square foot commercial property at 512 S 12th Street, Murray, KY, presents a compelling investment opportunity. Situated in a high-traffic area on Murray's south side, this property benefits from its proximity to a variety of established businesses, including retail stores, lodging facilities, and restaurants. Currently occupied by a tenant with a lease expiring December 25th, the property offers immediate income potential. Beyond the main building, a valuable asset is the inclusion of a two-bay garage located on the south side, currently utilized for storage. This versatile space offers additional income potential or could be adapted to suit a variety of needs. The property boasts a recently installed roof (2021), ensuring long-term cost savings and peace of mind. Three-phase electric power is readily available, catering to a wide range of commercial uses. Access is facilitated by a shared drive easement with an adjacent carwash, ensuring convenient ingress and egress. This property is ideally suited for investors seeking a strong return on investment in a thriving commercial district. The combination of existing tenancy, versatile space, and prime location makes this an exceptional opportunity not to be missed.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 12,060 SF
APN 005-0-0019-00003
UPID US34-0982814
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • South 641 Car Wash Car Wash
  • Bumper To Bumper Auto Parts/Crow-Burlingame Auto Parts Store
  • Carquest Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$647k
Blend (final) Blend
$645k
Owner & transaction history
James Michael Dick · 11 yrs held
James Michael Dick
since 2015
1 recorded transaction
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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