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

    Upper Chloe, KY

    • Office Properties & Spaces
    • 1,470 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-2057751
    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

    • Office Properties & Spaces

    Property Details for Upper

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.00 lot acres
    Property size
    1,470 SF
    Property type
    Office Properties & Spaces
    APN
    22145
    APU
    22145

    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
    Chloe
    County
    Pike
    State
    Kentucky
    Longitude
    -82.4715
    Latitude
    37.4574

    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
    $687
    $0.00
    $0.00
    $38,000
    -
    $0.00
    $0.00
    $38,000

    Comparable in this City

    • Value Estimation by Request

      247 Highway

      OFFICE (GENERAL)
      247 Highway, 469, KY
      View Details
    • Value Estimation by Request
      71.00 Acres

      Ky 140th W At Gibson Ml

      OFFICE (GENERAL) • 71.00 Acres
      Ky 140th W At Gibson Ml, Rd, KY
      View Details
    • Value Estimation by Request
      1,329 SF

      Indian Cir, KY

      OFFICE (GENERAL) • 1,329 SF
      Indian Cir, KY
      View Details
    • Value Estimation by Request
      1,536 SF

      Chloe Rd, KY

      OFFICE (GENERAL) • 1,536 SF
      Chloe Rd, KY
      View Details
    • Value Estimation by Request
      672 SF

      Rt 632

      OFFICE (GENERAL) • 672 SF
      Rt 632, Phelps, KY
      View Details
    • Value Estimation by Request
      1,456 SF

      Rt 195, KY

      OFFICE (GENERAL) • 1,456 SF
      Rt 195, KY
      View Details

    Similar Nearby for Sale

    • $725,000

      Medical Office Investment Opportunity

      Medical office building occupied by St. Elizabeth Physicians.
      230 Thomas More Pkwy, Carthage, KY
      View Details
    • Contact for pricing

      304 Acres Near Kentucky Speedway

      304 acres of divisible land near Kentucky Speedway.
      125 Crawfords Rdg, Sanders, KY
      View Details
    • $285,000

      Commercial Lots in Frankfort Subdivision

      Commercial lots available in a Frankfort subdivision near Hwy 127.
      141 Water Tower Pl, Frankfort, KY
      View Details
    • $6,100,000

      Residential Development Land Parcel

      Large parcel for residential development in Eastern Jefferson County.
      716 Clark Sta Rd, Fisherville, KY
      View Details
    • $350,000
      2,016 SF

      Retail Property in Carrollton, KY

      Retail property available for sale in Carrollton, Kentucky.
      1420 Gillock Ave, Carrollton, KY
      View Details
    • $899,000

      Prime Commercial Land Opportunity

      3.42-acre commercial land with high visibility and easy access.
      0-0 Campbellsville Hwy, Lebanon, KY
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,126 SF

      Prime Office Space Near Airport

      Office space with convenient airport and interstate access.
      1360 Dolwick Dr, Erlanger, KY
      View Details
    • Contact for pricing
      1,307 SF

      Class B Office Space Available

      Class B office space with flexible sizes and customizable terms.
      7300 Turfway Rdg Blvd, Florence, KY
      View Details
    • $17 SF/Yr
      14,563 SF

      East End Office Space Available

      Office building with walkable amenities and flexible space options.
      9401 Williamsburg Plz, Louisville, KY
      View Details
    • $17 SF/Yr
      2,785 SF

      Class A Office Building For Rent

      3-story Class A office building with easy highway access.
      809 Wright's Smt Pkwy, Fort Wright, KY
      View Details
    • $8 SF/Yr
      10,000 SF

      Office/Warehouse Space Available Soon

      Office/warehouse suitable for manufacturing, construction, or supply companies.
      5026-5056 Downwind Dr, Owensboro, KY
      View Details
    • $22 SF/Yr
      8,155 SF

      Medical Office Space Available

      First-floor medical office space near St. Elizabeth Ft Thomas Hospital.
      525 Alexandria Pike, Southgate, 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.
    Upper
    Chloe, 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.