Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    1140 Levee Rd Mt Sterling, KY 40353

    Sponsored
    For Sale
    $3,400,000

    COMMERCIAL - Mt Sterling, KY

    Property size:
    123,000 SF
    Lot size:
    11.79 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 28 at 1:06 am

    Property Features for 1140 Levee Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    024-00-00-008-02
    Parking
    56
    Size
    123,000 SF
    Lot size
    11.79 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1964
    Floors in Building
    2
    Building materials
    Steel Frame, Block, Brick, Concrete, Glass
    Roof type
    Flat, Membrane, Rubber

    We can help!

    Listing Contact
    Joyce B Ratliff
    Joyce B Ratliff

    Tom Goebel & Company 7443637

    Listing agent Tracey Goebel (859) 744-3637

    Listing date Jan 22, 2026

    MLS# 23016072

    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.

    Learn more

    Property Insight Report

    Overview

    Mt Sterling Warehouse For Sale

    This is a 123,000 square foot warehouse property located in Mt Sterling, KY, close to I-64. The building features six dock doors, including two covered docks, and three drive-in doors. The warehouse has 20-foot ceilings and can be subdivided. The property includes some new laminate flooring upstairs. The building is of concrete and steel construction. The lot size is 11.79 acres. Currently, the property has two tenants with a combined monthly rent of approximately $20,000. Tenants are responsible for their own utilities. The exterior of the warehouse has been recently painted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recovery Center Doctor Terex Corporation Equipment Rental Agency Bucyrus Field Services General Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Similar Places Nearby

    Secure Storage, U-Rent Self Storage LLC, Cornerstone Storage, DGM Storage, Elmtree Village

    Location Insight

    • Map
    • Local Demand
    City
    Mt Sterling
    County
    Montgomery
    State
    Kentucky
    Longitude
    -83.952529
    Latitude
    38.03577

    Nearby Similar for Sale

    • $785,000
      Pending

      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
    • $550,000
      4,196 SF

      Mixed-Use Properties in Mt. Sterling

      Mixed-use properties with commercial and residential spaces in downtown Mt. Sterling.
      4-12 Court St, Mt Sterling, KY 40353
      View Details
    • $280,500
      2,040 SF

      Mixed-Use Property in Downtown Mt. Sterling

      Well-maintained mixed-use property with commercial and residential units.
      4-8 Court St, Mt Sterling, KY 40353
      View Details
    • $250,000
      3,500 SF

      Downtown Mt Sterling Retail Building

      Retail building in high-traffic downtown location with parking.
      111 W Locust St, Mt Sterling, KY 40353
      View Details
    • $119,500
      1,472 SF

      Mt Sterling Professional Office Suite

      Professional office suite suitable for medical or other business use.
      250 Foxglove Dr, Mt Sterling, KY 40353
      View Details
    • $282,500
      2,156 SF

      Downtown Mt Sterling Commercial Property

      Commercial property with reliable income and expansion potential in Mt Sterling.
      10-12 Court St, Mt Sterling, KY 40353
      View Details
    • $1,600,000
      34,500 SF

      Leased Commercial Building in Mt Sterling

      Commercial building leased to O'Reillys in high-traffic area.
      543 N St N.Maysville, Mt Sterling, KY 40353
      View Details
    • $196,000
      Pending

      Charming Duplex Near Town

      Duplex with remodeled unit, near town and shopping.
      228-230 Juniper Ct, Mt Sterling, KY 40353
      View Details
    • $149,900
      2,112 SF

      Mt Sterling Commercial Building For Sale

      2112 SF commercial building with high traffic and new roof.
      4645 Camargo Rd, Mt Sterling, KY 40353
      View Details
    • $399,000
      4,366 SF

      Mt Sterling Multifamily Investment Opportunity

      Two duplexes, each with two units, for sale in Mt Sterling.
      503-505 Alexa Dr, Mt Sterling, KY 40353
      View Details
    • $189,000
      2,452 SF

      Mt Sterling Multifamily Investment Property

      Two-unit residential property in Mt Sterling, Kentucky, ideal for investors.
      127 Harrison Ave, Mt Sterling, KY 40353
      View Details
    • $250,000

      Downtown Building with Retail Potential

      Downtown building with storage and retail space in high-traffic area.
      111 W Locust St, Mt Sterling, KY 40353
      View Details

    FAQs

    What type of property is this?
    Warehouse - 123,000 sq ft warehouse with dock doors near I-64.
    Where is this warehouse located?
    The property is located at 1140 Levee Rd Mt Sterling, KY.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: - Prime location with close proximity to I-64.; - High income potential with approximately $20,000 monthly rent.; - Six dock doors (two covered) and three drive-in doors for versatile access.
    (859) 749-1200
    Request Owner's contact information
    1140 Levee Rd Mt Sterling, KY 40353
    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.
    1140 Levee Rd
    Mt Sterling, KY 40353
    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
    1140 Levee Rd Mt Sterling, KY 40353
    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

    We can help!
    Listing Contact
    Joyce B Ratliff
    Joyce B Ratliff
    (859) 749-1200
    Learn more
    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.