Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings
    (268) 009-9***
    Web Site
    Size: 10+ agents

    Agents

    Service Locations

    Property Types

    • Land
    • Residential Multi Family
    • Commercial Sale
    • Residential
    • Commercial Lease

    Listings

    For Sale (23)

    View map
    Turn-Key Car Wash Investment
    $785,000
    0.60 Acres

    Turn-Key Car Wash Investment

    High-traffic car wash with consistent cash flow in Mt. Sterling.

    623 N Maysville St, Mt Sterling, KY 40353
    View details
    Ashland Park Duplex For Sale
    $750,000
    2,580 SF

    Ashland Park Duplex For Sale

    Charming duplex in Ashland Park, Lexington, with hardwood floors.

    110-112 S Hanover Ave, Lexington, KY 40502
    View details
    Nicholasville Land with Bluegrass Views
    $225,000
    1.00 Acre

    Nicholasville Land with Bluegrass Views

    One-acre lots in a Bluegrass development with beautiful views.

    119 Doe Run Rd, Nicholasville, KY 40356
    View details
    Nicholasville Land with Bluegrass Views
    $225,000
    1.00 Acre

    Nicholasville Land with Bluegrass Views

    One-acre lots in a Bluegrass development with views and privacy.

    156 Doe Vly, Nicholasville, KY 40356
    View details
    Nicholasville Land with Bluegrass Views
    $225,000
    1.00 Acre

    Nicholasville Land with Bluegrass Views

    One-acre lots in a Bluegrass development with views and privacy.

    108 Doe Vly, Nicholasville, KY 40356
    View details
    Iconic Downtown Lexington Office Building
    $3,790,000
    12,684 SF

    Iconic Downtown Lexington Office Building

    Highly visible office space with redevelopment potential in downtown Lexington.

    277 E High St, Lexington, KY 40507
    View details
    LAND - Lexington, KY
    $749,900
    2.33 Acres

    LAND - Lexington, KY

    Residential land & home lots • 2.33 Acres

    4184 Todds Rd, Lexington, KY 40509
    View details
    Georgetown Manufacturing Business and Real Estate
    $1,300,000
    9,300 SF

    Georgetown Manufacturing Business and Real Estate

    Turn-key manufacturing business with real estate for sale in Georgetown.

    368 Paynes Depot Rd, Georgetown, KY 40324
    View details
    Georgetown Manufacturing Business and Real Estate
    $2,000,000
    9,300 SF

    Georgetown Manufacturing Business and Real Estate

    Turn-key manufacturing business with real estate for sale in Georgetown.

    368 Paynes Depot Rd, Georgetown, KY 40324
    View details
    Kentucky Equestrian Land Opportunity
    $889,000
    40.00 Acres

    Kentucky Equestrian Land Opportunity

    40-acre equestrian property near Kentucky Horse Park.

    1601 Berea Rd, Lexington, KY 40511
    View details
    Nicholasville Garage-o-minium Storage Warehouse
    $229,000
    1,656 SF

    Nicholasville Garage-o-minium Storage Warehouse

    Individually owned storage warehouse with mezzanine and secure access.

    1070 Elizabeth St, Nicholasville, KY 40356
    View details
    Paris, KY Mixed-Use Property
    $750,000
    3,066 SF

    Paris, KY Mixed-Use Property

    Highly visible mixed-use property with retail and apartment spaces.

    5761 Lexington Rd, Paris, KY 40361
    View details
    Ashland Park Duplex Opportunity
    $775,000
    3,149 SF

    Ashland Park Duplex Opportunity

    Charming duplex in Lexington's desirable Ashland Park neighborhood.

    1056-1058 Fontaine Rd, Lexington, KY 40502
    View details
    Renovated Income-Producing Rental Property
    $475,000
    2,703 SF

    Renovated Income-Producing Rental Property

    Fully renovated short-term rental in downtown Lawrenceburg with modern upgrades.

    221 E Woodford St, Lawrenceburg, KY 40342
    View details
    Turnkey Investment in Bourbon Country
    $475,000
    2,703 SF

    Turnkey Investment in Bourbon Country

    Fully renovated, income-producing short-term rental in downtown Lawrenceburg.

    221 E Woodford St, Lawrenceburg, KY 40342
    View details
    Lexington Mixed-Use Investment Opportunity
    $2,600,000
    11,000 SF

    Lexington Mixed-Use Investment Opportunity

    Six apartments and two retail storefronts in three buildings.

    109-119 N Mill St, Lexington, KY 40507
    View details
    Unique Geodesic Dome Investment Opportunity
    $849,000

    Unique Geodesic Dome Investment Opportunity

    Investment portfolio featuring unique domes with strong rental history.

    242 Cave Holw Rd, Campton, KY 41301
    View details
    Glennlake Estates: 10-Acre Lots
    $325,000
    10.20 Acres

    Glennlake Estates: 10-Acre Lots

    Five 10-acre lots in gated Glennlake Estates, Lexington, KY.

    4022 Wilson Lake Ln, Lexington, KY 40516
    View details
    Glennlake Estates: 10-Acre Lots
    $325,000
    10.80 Acres

    Glennlake Estates: 10-Acre Lots

    Five 10-acre lots in gated Glennlake Estates, Lexington, KY.

    4300 Oscar Dr, Lexington, KY 40516
    View details
    Glennlake Estates: 10-Acre Lots
    $325,000
    10.20 Acres

    Glennlake Estates: 10-Acre Lots

    Five 10-acre lots in gated Glennlake Estates, Lexington, Kentucky.

    3948 Wilson Lake Ln, Lexington, KY 40516
    View details
    Glennlake Estates Land Opportunity
    $325,000
    10.10 Acres

    Glennlake Estates Land Opportunity

    Five 10-acre lots in gated Glennwood Lakes estate.

    4400 Oscar Dr, Lexington, KY 40516
    View details
    Distillery District Redevelopment Opportunity
    $15,500,000
    7.00 Acres

    Distillery District Redevelopment Opportunity

    Commercial property in Lexington's Distillery District with redevelopment potential.

    1170 Manchester St, Lexington, KY 40508
    View details
    Nicholasville Commercial Property For Sale
    $2,399,000
    8,576 SF

    Nicholasville Commercial Property For Sale

    High-visibility commercial property with multiple income streams in Nicholasville, KY.

    1001-1007 Elizabeth St, Nicholasville, KY 40356
    View details

    For Lease (4)

    View map
    Retail Space in Nicholasville, KY
    $2,950 / Mo

    Retail Space in Nicholasville, KY

    Retail space available for rent in Nicholasville, Kentucky.

    1001 Elizabeth St, Nicholasville, KY 40356
    View details
    Nicholasville Commercial Property For Lease
    $12,000 / Mo
    8,576 SF

    Nicholasville Commercial Property For Lease

    High visibility commercial property available for master lease in Nicholasville.

    1001-1007 Elizabeth St, Nicholasville, KY 40356
    View details
    Nicholasville Commercial Ground Lease Opportunity
    $5,000 / Mo
    49,223 SF

    Nicholasville Commercial Ground Lease Opportunity

    Commercial ground lease opportunity suitable for retail or fast food.

    601B N Plaza Dr, Nicholasville, KY 40356
    View details
    Nicholasville Gas Station & C-Store
    $6,800 / Mo
    108,900 SF

    Nicholasville Gas Station & C-Store

    Gas station and convenience store available for lease in Nicholasville.

    1003 Elizabeth St, Nicholasville, KY 40356
    View details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Bluegrass Sotheby's International Realty
    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.
    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
    Bluegrass Sotheby's International Realty
    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.
    Sign Up Successful!
    You now have access to more from Realmo!