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    Winchester Commercial Property For Sale Title is generated by Realmo AI

    1045 Early Drive, Winchester, KY 40391

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    Claim this Listing
    For Sale
    $300,000

    COMMERCIAL - Winchester, KY

    Property size:
    1,675 SF
    Lot size:
    0.58 Acres
    Price / SF:
    $179/SF
    Added:
    Jun 21, 2021
    Days on Market:
    1787
    Last Refresh:
    May 12 at 6:06 pm

    Property Features for 1045 Early Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    5
    Standard status
    Active
    APN
    053-0000-035-01
    Size
    1,675 SF
    Lot size
    0.58 Acres

    Utilities

    Utilities
    Water Available

    Building Details

    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Whitney Ann Ensor
    Whitney Ann Ensor

    Listing agent Whitney Ann Ensor License #209139

    Listing office Ensor Real Estate, LLC 206 Breeze Hill Dr, Winchester, KY

    Listing date Jun 21, 2021

    MLS# 20111875

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Convenient location right off I‑64 exit 96.
    • Large metal/pole barn (approx. 1675 sqft) with multiple garage doors.
    • Zoned B‑3, offering commercial potential.
    • Utilities available on site (per seller/plat).
    • .58 acre lot.
    • Egress and ingress rights down Holiday Drive.

    Overview

    This commercial property is located in Winchester, Kentucky, near I-64 exit 96. The property features a metal/pole barn approximately 1675 square feet in size, with a garage on site. The garage includes three 10x10 garage doors and two 8-foot doors, along with two entrances. Currently, access is split to each side of the building. According to the seller, utilities are on site per plat. Water and gas are not currently hooked up to the building. The property is zoned B-3 and comprises 0.58 acres. Egress and ingress rights down Holiday Drive to the building are included, according to the seller. The property is sold As Is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Auto Parts Store Department Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lok-N-Leave Storage Rentals — 525 N Main St, Winchester, KY 40391
    • Rolling Hills Storage — 310 Rolling Hills Ln, Winchester, KY 40391
    • Container Pro Kentucky — 888 N Maple St, Winchester, KY 40391

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Clark
    State
    Kentucky
    Longitude
    -84.170028
    Latitude
    38.010776

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    FAQs

    What type of property is this?
    Warehouse - Commercial property with metal/pole barn near I-64 exit 96.
    Where is this warehouse located?
    The property is located at 1045 Early Drive Winchester, KY.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Convenient location right off I‑64 exit 96.; Large metal/pole barn (approx. 1675 sqft) with multiple garage doors.; Zoned B‑3, offering commercial potential.
    (859) 771-8311
    We can help!
    Listing Contact
    Whitney Ann Ensor
    Whitney Ann Ensor
    Real Estate License ID: 209139
    Learn More
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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.

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