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    Property profile & analytics

    Hwy 15 Hazard, KY 41701

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1993748
    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

    • Retail properties

    Property Details for Hwy 15

    Year built
    1996
    Property type
    Retail properties
    APN
    086-20 07 003.00
    APU
    86200700300

    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
    Hazard
    County
    Perry
    State
    Kentucky
    Longitude
    -83.2155
    Latitude
    37.2784

    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
    $3,640
    $350,000
    $0.00
    $350,000
    -
    $350,000
    $0.00
    $350,000

    Comparable in this City

    • Value Estimation
      $545,000
      12,000 SF

      Hwy 15th Highway

      DEPARTMENT STORE • 12,000 SF
      Hwy 15th Highway, Hazard, KY 41701
      View Details
    • Value Estimation
      $250,000
      3,360 SF

      Morton Blvd

      DEPARTMENT STORE • 3,360 SF
      Morton Blvd, Hazard, KY 41701
      View Details
    • Value Estimation
      $250,000
      2,400 SF

      67 Fernwood Dr

      DEPARTMENT STORE • 2,400 SF
      67 Fernwood Dr, Hazard, KY 41701-7346
      View Details
    • Value Estimation by Request

      Across From Hazard Shopping C C

      RETAIL STORES (PERSONAL SERVICES)
      Across From Hazard Shopping C C, Hazard, KY 41701
      View Details
    • Value Estimation by Request
      1,660 SF

      180 Hurts Ln

      AUTO REPAIR, GARAGE • 1,660 SF
      180 Hurts Ln, Hazard, KY 41701
      View Details
    • Value Estimation
      $250,000
      1,345 SF

      5738 Lost Crk Rd

      GROCERY, SUPERMARKET • 1,345 SF
      5738 Lost Crk Rd, Hazard, KY 41701-7957
      View Details

    Similar Nearby for Sale

    • $2,200,000
      13,000 SF

      Spacious Commercial Building on Large Lot

      13,000 SF commercial building on 7 acres near Hazard.
      6546 Ky Highway 15, Hazard, KY 41701
      View Details
    • $148,000
      480 SF

      Commercial Property in Hazard, KY

      Commercial property with income potential in a terrific location.
      Morton Blvd, Hazard, KY 41701
      View Details
    • New
      $160,000
      10,258 SF

      Downtown Hazard Commercial Building For Sale

      Three-story, 10,258 SF commercial building in downtown Hazard, Kentucky.
      609 Main St, Hazard, KY 41701
      View Details
    • $3,250,000
      7.70 Acres

      Prime Commercial Land Opportunity

      7.7 acres of commercial land with income potential.
      359 Morton Blvd, Hazard, KY 41701
      View Details
    • $100,000
      20.00 Acres

      20 Acres Residential Land

      20 acres of residential land with utilities and established homesite.
      2631 Lotts Creek Rd, Hazard, KY 41701
      View Details
    • $79,000
      Pending

      Hazard Ranch Multifamily Investment Property

      Two-unit apartment near town, generating $1300 monthly income.
      3087 Christopher Rd, Hazard, KY 41701
      View Details
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    Hwy 15
    Hazard, KY 41701
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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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