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    For Sale (16)

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    Commercial Building in Portsmouth, OH
    $169,000
    2,650 SF

    Commercial Building in Portsmouth, OH

    Commercial building with parking lot, endless possibilities for future usage.

    1016 Clay St, Portsmouth, OH 45562
    View details
    Eastland Shopping Center Outlot
    $1,100,000
    1.01 Acres

    Eastland Shopping Center Outlot

    Prime commercial land in established shopping center facing Winchester Rd.

    1311 Winchester Rd, Lexington, KY 40505
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    9.33 Acres for Custom Home
    $175,000
    9.33 Acres

    9.33 Acres for Custom Home

    Breathtaking 9.33 acre property ideal for custom-designed home.

    2011 Mill Creek Pike, Lawrenceburg, KY 40342
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    Winchester, KY Land Development Opportunity
    $882,000
    3.93 Acres

    Winchester, KY Land Development Opportunity

    Residential development land in Winchester, KY, with approved plans.

    lot 1 - 7 Plantations Dr, Winchester, KY 40391
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    Buildable Residential Lots in Winchester, KY
    $78,500
    0.22 Acres

    Buildable Residential Lots in Winchester, KY

    Residential development land for sale in Winchester, Kentucky.

    Plantations Dr, Winchester, KY 40391
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    Land with Stream and Utilities
    $49,900
    6.45 Acres

    Land with Stream and Utilities

    Residential land with stream, utilities, and prepared house seat.

    1381 St Rt 7, South Shore, KY 41175
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    Commercial Land in South Shore
    $299,000
    3.00 Acres

    Commercial Land in South Shore

    3-acre commercial land available in South Shore, Kentucky.

    State Rte 23, South Shore, KY 41175
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    Winchester, KY Buildable Lots
    $78,500
    0.22 Acres

    Winchester, KY Buildable Lots

    Buildable lots in anticipated residential development, near Lexington's Hamburg area.

    Plantations Dr, Winchester, KY 40391
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    Renovated Duplex Near Shawnee State
    $230,000
    1,024 SF

    Renovated Duplex Near Shawnee State

    Completely renovated duplex near Shawnee State University.

    622 4Th St, Portsmouth, OH 45662
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    Residential Land in Winchester, KY
    Contact for pricing
    0.17 Acres

    Residential Land in Winchester, KY

    0.17-acre residential property in Lincoln Park Subdivision.

    117 4Th St, Winchester, KY 40391
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    Georgetown Land For Sale
    $1,050,000
    1.00 Acre

    Georgetown Land For Sale

    Prime commercial land in high-growth area near major retailers.

    185 Blossom Park Dr, Georgetown, KY 40324
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    274-Acre Residential Development Opportunity
    $14,100,000
    274.52 Acres

    274-Acre Residential Development Opportunity

    Master-planned community with single-family, duplex, and townhome lots for sale.

    2395 Paris Rd, Winchester, KY 40391
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    Residential Land in Vine Grove
    $225,000
    1.00 Acre

    Residential Land in Vine Grove

    One-acre homesite in a premier Central Kentucky neighborhood.

    221 Doe Run Rd, Nicholasville, KY 40356
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    Residential Land in Vine Grove
    $225,000
    1.00 Acre

    Residential Land in Vine Grove

    One-acre homesite in Central Kentucky's Vine Grove neighborhood.

    209 Doe Run Rd, Nicholasville, KY 40356
    View details
    Waterfront Land in Greenup, KY
    $69,000
    1.54 Acres

    Waterfront Land in Greenup, KY

    Waterfront land with utilities and shelter house for sale.

    Treasure Cove Rd, Greenup, KY 41144
    View details
    Residential Land Parcel Zoned R-1
    $199,000
    1.50 Acres

    Residential Land Parcel Zoned R-1

    Versatile lot in R-1 zoning with seller pursuing commercial rezoning.

    1120 Duckers Rd, Midway, KY 40347
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    For Lease (2)

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    Hamburg Area Office Condo
    $1,300 / Mo
    1,000 SF

    Hamburg Area Office Condo

    Second-floor office condo in Lexington's Hamburg area for lease.

    2220 Executive Dr, Lexington, KY 40505
    View details
    Lexington Office Condo For Lease
    $1,450 / Mo
    1,000 SF

    Lexington Office Condo For Lease

    1,000 SF office condo in Hamburg area available for lease.

    2220 Executive Dr, Lexington, KY 40505
    View details

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    Request Owner's contact information
    Keller Williams Bluegrass Realty
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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
    Keller Williams Bluegrass Realty
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