New search
Property profile & analytics
FOR SALE
Office buildings
701 Winchester Ave, Ashland, KY 41101
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-1028892
For Sale
1 / 35
$295,000
701 Winchester Ave, Ashland, KY 41101
View Listing →
Property summary
AI-generated overview
This exceptional 2,675 square foot office building is ideally situated in a high-traffic area near Ashland Town Center, at the convergence of Greenup Avenue and Winchester Avenue in Ashland, Kentucky. Boasting high visibility and zoned B2, this property presents numerous possibilities. Currently configured as a single office facility, it's easily adaptable into smaller suites. Multiple entrances and separate HVAC systems facilitate this division. The first floor encompasses approximately 1405 square feet, complemented by approximately 1270 square feet on the second floor. Four bathrooms are included, one with a shower. Ample private parking is available. The building's versatility, prime location, and convenient features make it an attractive investment opportunity. Available for occupancy on October 14, 2024. Asking price is $395,000.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1991
Construction
FRAME
Lot
0.12 ac (5,227 SF)
Zoning code
COMMERCIAL
APN
030-05-02-001.00
UPID
US34-1028892
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mason Dixon Tower & Technology LLC · 4 yrs held
Mason Dixon Tower & Technology LLC
since 2022
1 recorded transaction
Zoning & alternative use
COMMERCIAL · Ashland, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ashland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,435
Tax year 2023
Assessed value
$235,000
Assessed 2023
Previous assessed
$235,000
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$50,000
Assessed improvement
$185,000
Land market value
$50,000
Improvement market value
$185,000
Total market value
$235,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1991
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Lot
0.12 ac (5,227 SF)
Zoning code
COMMERCIAL
APN
030-05-02-001.00
UPID
US34-1028892
Jurisdiction
BOYD
Zoning & alternative use
COMMERCIAL · Ashland, KY
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Ashland, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ashland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Mason Dixon Tower & Technology LLC
Entity
Mailing address
701 WINCHESTER AVE, ASHLAND, KY 41101-7442
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2022
—
Mason Dixon Tower & Technology LLC
—
Deed
related
$100,000 · City National Bank Of West Virginia
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
