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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Hwy 197th Elkhorn Ck Rd Rd, KY

    • Retail space
    • 1,064 SF
    OFF-MARKET
    Last Sale
    Sep 01, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-2068462
    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 space

    Property Details for Hwy 197th Elkhorn Ck Rd

    Year built
    1997
    Construction
    WOOD
    Property size
    1,064 SF
    Property type
    Retail space
    APN
    28354
    APU
    28354

    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
    Rd
    County
    Pike
    State
    Kentucky
    Longitude
    -82.5046
    Latitude
    37.2414

    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
    $366
    $0.00
    $0.00
    $18,000
    -
    $0.00
    $0.00
    $18,000

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      Eminence Pike, KY

      RETAIL STORES (PERSONAL SERVICES) • 2.00 Acres
      Eminence Pike, KY
      View Details
    • Value Estimation by Request
      648 SF

      Alleghany Rd, KY

      RETAIL STORES (PERSONAL SERVICES) • 648 SF
      Alleghany Rd, KY
      View Details
    • Value Estimation by Request
      4,000 SF

      28826 Us Hwy 119

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      28826 Us Hwy 119, N, KY
      View Details
    • Value Estimation by Request
      1,043 SF

      Chloe Rd, KY

      RETAIL STORES (PERSONAL SERVICES) • 1,043 SF
      Chloe Rd, KY
      View Details
    • Value Estimation by Request
      1,209 SF

      Hambley Blvd, KY

      RETAIL STORES (PERSONAL SERVICES) • 1,209 SF
      Hambley Blvd, KY
      View Details
    • Value Estimation by Request
      5,000 SF

      Town Mountain

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      Town Mountain, Rd, KY
      View Details

    Similar Nearby for Sale

    • $1,000,000
      3,083 SF

      Retail Property Near Kroger

      Retail building with drive-thru, customizable for various uses.
      100 Lawrence Ln, Shepherdsville, KY
      View Details
    • Contact for pricing
      6,900 SF

      Prime Retail Space in Kentucky

      Thriving business environment with highway access and local landmarks.
      20 Brown Ln, Dry Ridge, KY
      View Details
    • $775,000
      9,100 SF

      Freestanding Retail Property in Eminence, KY

      Single-tenant Family Dollar in Eminence, KY with investment grade credit.
      63 Depot Ave, Eminence, KY
      View Details
    • $1,643,545
      12,480 SF

      New Development Dollar General Market

      New Dollar General Market concept store with long-term NNN lease.
      7001 Us-421, Mc Kee, KY
      View Details
    • $1,055,000
      8,320 SF

      Family Dollar NNN Investment Opportunity

      NNN leased Family Dollar with corporate guarantee and zero competition.
      8708 Ky Hwy, Viper, KY
      View Details
    • $1,496,185
      12,480 SF

      Dollar General Market NNN Lease

      NNN leased Dollar General Market with 13+ years remaining.
      3604 Ky-3630, Annville, KY
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in Union, KY

      Retail space available in Union, KY with national co-tenants.
      Richwood Rd, Union, KY
      View Details
    • Contact for pricing
      2,500 SF

      Former Salon Space Available

      Turn-key retail space with ample parking and high traffic.
      581 Dudley Rd, Edgewood, KY
      View Details
    • Contact for pricing
      16,000 SF

      Freestanding Retail Building For Lease

      16,000 SF freestanding retail building shadow-anchored by Kroger and others.
      400 Cross Rds Blvd, Cold Spring, KY
      View Details
    • Contact for pricing
      1,860 SF

      Retail Space in Park Hills

      1,860 SF end cap retail space for lease.
      1430 Dixie Hwy, Park Hills, KY
      View Details
    • $16 SF/Yr
      1,476 SF

      Retail Space in Washington Center

      Retail spaces available in a visible, well-maintained shopping center.
      138 Eastbrook Ct, Mount Washington, KY
      View Details
    • Contact for pricing
      60,417 SF

      Erlanger Retail Anchor Space Available

      60,417 SF anchor space suitable for retail, entertainment, medical.
      3156 Dixie Hwy, Erlanger, KY
      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.
    Hwy 197th Elkhorn Ck Rd
    Rd, KY
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.