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

    605 Baughman Ave Danville, KY 40422-2245

    • Mobile home & RV parks
    • 36.93 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1541877
    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

    • Imperial Estates Mobile Home Community / Mobile Home Park

    Property Details for 605 Baughman Ave

    Lot size
    36.93 lot acres
    Property type
    Mobile home & RV parks
    APN
    047-000-001
    APU
    47000001

    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
    Danville
    County
    Boyle
    State
    Kentucky
    Longitude
    -84.7601
    Latitude
    37.6311
    CBSA code
    19220
    CBSA name
    DANVILLE, 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
    $71
    $0.00
    $0.00
    $1,400,000
    -
    $0.00
    $0.00
    $1,400,000

    Comparable in this City

    • Value Estimation by Request

      84 Benedict Dr

      MOBILE HOME PARK, TRAILER PARK
      84 Benedict Dr, Danville, KY 40422-2258
      View Details
    • Value Estimation by Request

      87 Benedict Dr

      MOBILE HOME PARK, TRAILER PARK
      87 Benedict Dr, Danville, KY 40422-2257
      View Details
    • Value Estimation by Request

      82 Benedict Dr

      MOBILE HOME PARK, TRAILER PARK
      82 Benedict Dr, Danville, KY 40422-2258
      View Details
    • Value Estimation by Request

      78 Benedict Dr

      MOBILE HOME PARK, TRAILER PARK
      78 Benedict Dr, Danville, KY 40422-2258
      View Details
    • Value Estimation by Request

      309 Burton Cir

      MOBILE HOME PARK, TRAILER PARK
      309 Burton Cir, Danville, KY 40422-2253
      View Details
    • Value Estimation by Request

      113 Hickory Ln

      MOBILE HOME PARK, TRAILER PARK
      113 Hickory Ln, Danville, KY 40422-9590
      View Details

    Similar Nearby for Sale

    • $449,000
      1,715 SF

      Main Street Mixed-Use Investment

      Three-unit building with retail space in thriving Danville, Kentucky.
      129 E Main St, Danville, KY 40422
      View Details
    • $215,000
      1,764 SF

      Danville Duplex: Investor Opportunity

      Well-maintained duplex near amenities, ideal for investors or owner-occupants.
      174-176 Lisa Ave, Danville, KY 40422
      View Details
    • $208,500
      1,980 SF

      Danville Multifamily Property For Sale

      Multifamily property in Danville, KY, featuring 1980 square feet.
      99-103 E Jefferson Ave, Danville, KY 40422
      View Details
    • New
      $119,900
      Pending

      Danville Duplex: Income Opportunity

      Income-producing duplex with two large units in Danville, Kentucky.
      609 N 3Rd St, Danville, KY 40422
      View Details
    • $399,500
      Pending

      Danville Fourplex: Investment Opportunity

      Well-maintained fourplex with income potential in a growing market.
      442 Patrician Pl, Danville, KY 40422
      View Details
    • $385,000
      4.35 Acres

      Danville KY Multifamily Land

      4.35 Acres, 72 Units Approved
      0 N St, Danville, KY 40422
      View Details

    Similar Nearby for Lease

    • $300 /Mo
      250 SF

      Updated Office Spaces for Rent

      Individual and block offices available with flexible leasing options.
      198 W Broadway St, Danville, KY 40422
      View Details
    • $8 SF/Yr
      3,350 SF

      Danville Flex/Industrial Facility For Rent

      3,350 SF flex/industrial facility with warehouse and office space.
      1075 Lebanon Rd, Danville, KY 40422
      View Details
    • Contact for pricing
      18,950 SF

      Retail Space Near Major Retailers

      Retail space available near Walmart, Lowe's, Kroger, and Office Depot.
      1560 Hustonville Rd, Danville, KY 40422
      View Details
    • $2,000 /Mo
      1,700 SF

      Danville Office Space For Lease

      Office space with teller stations, vault, and drive-thru.
      198 W Broadway St, Danville, KY 40422
      View Details
    • Contact for pricing

      Commercial Land Near Retailers

      Commercial land for rent near major retailers and Centre College.
      S Danville Byp, Danville, KY 40422
      View Details
    • $500 /Mo
      150 SF

      Furnished Office Suites in Danville

      Private, furnished office suites in downtown Danville's iconic building.
      301 204, Danville, KY 40422
      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.
    605 Baughman Ave
    Danville, KY 40422-2245
    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.