Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Greenup Ave 223rd 29th St St Ashland, KY 41101
    Back to Search
    Property profile & analytics

    Greenup Ave 223rd 29th St St Ashland, KY 41101

    View on Map
    • Car washes
    • 2,100 SF
    Off-Market
    Property ID
    US34-1656047
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Car washes

    Property Details for Greenup Ave 223rd 29th St St

    Year built
    1940
    Construction
    STEEL FRAME
    Property size
    2,100 SF
    Zone code
    COMMERCIAL
    Property type
    Car washes
    APN
    038-08-02-006.00
    APU
    38080200600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Boyd
    State
    Kentucky
    Longitude
    -82.6231
    Latitude
    38.4708
    CBSA code
    26580
    CBSA name
    HUNTINGTON-ASHLAND, WV-KY-OH METROPOLITAN 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
    $1,418
    $135,500
    $88,000
    $223,500
    -
    $135,500
    $88,000
    $223,500

    Comparable in this City

    • Value Estimation by Request
      2,664 SF

      827 13th St

      CAR WASH • 2,664 SF
      827 13th St, Ashland, KY 41101-2637
      View Details
    • Value Estimation by Request
      3,120 SF

      2920 Greenup Ave

      CAR WASH • 3,120 SF
      2920 Greenup Ave, Ashland, KY 41101
      View Details
    • Value Estimation by Request
      0.29 Acres

      1200 Hoods Crk Pike

      CAR WASH • 0.29 Acres
      1200 Hoods Crk Pike, Ashland, KY 41101-7220
      View Details
    • Value Estimation by Request
      864 SF

      607 Winchester Ave

      CAR WASH • 864 SF
      607 Winchester Ave, Ashland, KY 41101-7335
      View Details
    • Value Estimation
      $565,000
      0.97 Acres

      621 Winchester Ave

      AUTO REPAIR, GARAGE • 0.97 Acres
      621 Winchester Ave, Ashland, KY 41101-7335
      View Details
    • Value Estimation by Request
      0.24 Acres

      1845 Greenup Ave

      AUTO REPAIR, GARAGE • 0.24 Acres
      1845 Greenup Ave, Ashland, KY 41101
      View Details

    Similar Nearby for Sale

    • $229,000

      Operating Carwash with Billboard Income

      Operating carwash with multiple bays and income-generating billboard.
      2932 Greenup Ave, Ashland, KY 41101
      View Details
    • Contact for pricing
      2,675 SF

      High-Traffic Office Building For Sale

      Office building in high-traffic location near Ashland Town Center.
      701 Winchester Ave, Ashland, KY 41101
      View Details
    • Contact for pricing
      10,000 SF

      Ashland Mixed-Use Income Property

      Large income-producing property in the heart of downtown Ashland.
      121 16Th St, Ashland, KY 41101
      View Details
    • New
      $379,900
      500 SF

      Established Fitness Brand Sub-Lease Opportunity

      Turnkey retail fitness brand with sublease in Ashland Town Center.
      500 Winchester Ave, Ashland, KY 41101
      View Details
    • Contact for pricing

      Established Salon and Spa Opportunity

      Full-service salon and spa with prime downtown location and furnishings.
      2920 Winchester Ave, Ashland, KY 41101
      View Details
    • $750,000
      0.63 Acres

      Downtown Ashland Mixed-Use Opportunity

      Commercial property in accessible location near bridges and transportation routes.
      226 17Th St, Ashland, KY 41101
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Ashland Commercial Space for Lease

      Two-story shell space in revitalized downtown Ashland, Kentucky.
      236 16Th St, Ashland, KY 41101
      View Details
    • Contact for pricing

      Versatile Commercial Building on US 23

      Commercial building with garage bays, office space, and private parking.
      2300 Greenup Ave, Ashland, KY 41101
      View Details
    • $17 SF/Yr

      Prestigious Office Building in Ashland

      Premier office spaces with river views, parking, and amenities.
      1212 Bath Ave, Ashland, KY 41101
      View Details
    • Contact for pricing

      Modern Office Space in Ashland

      Prime office spaces with modern amenities in a vibrant location.
      350 Diederich Blvd, Ashland, KY 41101
      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.
    Greenup Ave 223rd 29th St St
    Ashland, KY 41101
    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

    Thank You for Inquiry
    Greenup Ave 223rd 29th St St, Ashland, KY, 41101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!