Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    139 Cemetery Road Lebanon, KY 40033

    View on Map
    Claim this Listing
    For Sale
    $170,000

    COMMERCIAL - Lebanon, KY

    Property size:
    1,440 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $118/SF
    Added:
    Nov 10, 2025
    Days on Market:
    174
    Last Refresh:
    May 3 at 9:06 am

    Property Features for 139 Cemetery Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    6
    Standard status
    Active
    APN
    056-040-01
    Size
    1,440 SF
    Lot size
    0.28 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas

    Building Details

    Year built
    1955
    Building materials
    Block, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Don Thomas

    Listing agent Don Thomas License #204621

    Listing office VIP Commercial Realty 317 W Main Street, Danville, KY

    Listing date Nov 10, 2025

    MLS# 25505824

    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.

    Overview

    Commercial Land in High-Traffic Area

    This commercial property is located in a high-traffic area, offering significant visibility and convenience. The property includes ample parking and provides room for a variety of uses, presenting wide-ranging possibilities. It is suitable as an investment or as a site for a new venture, offering considerable potential in a prime location. The lot size is 0.28 acres. The property is located in Lebanon, Kentucky, in Marion County. The property size is 1440 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Marion
    State
    Kentucky
    Longitude
    -85.270507
    Latitude
    37.555659

    Nearby Similar for Sale

    • $595,000
      7,000 SF

      Versatile Commercial Building Near Main

      Commercial building suitable for various purposes near Main Street.
      212 N Depot Street, Lebanon, KY 40033
      View Details
    • $1,000,000

      Lebanon, KY Vacant Commercial Land

      20.78 acre commercial land with B3 zoning.
      650 corporate drive, Lebanon, KY 40033
      View Details
    • $700,000
      11,500 SF

      Income-Producing Commercial Property in Lebanon

      Versatile property with restaurant space, flea market, and Airbnb.
      65 Old Springfield Road, Lebanon, KY 40033
      View Details
    • $1,490,000

      Grain Elevator Operation in Lebanon

      6.78-acre grain elevator with 505,000-bushel capacity in Lebanon, KY.
      101 Bourbon Drive, Lebanon, KY 40033
      View Details
    • $499,900

      51.73 Acres Vacant Land

      51.73 acres of vacant land in Lebanon, Kentucky.
      500 Gene Campbell Rd, Lebanon, KY 40033
      View Details
    • $29,900

      Lebanon, KY Building Lot

      Residential building lot available in Falcon Crest Subdivision.
      93 Travis Trail, Lebanon, KY 40033
      View Details
    • $195,000

      Commercial Lot on Corporate Drive

      Prime commercial land suitable for various business endeavors.
      1000 corporate Drive, lebanon, KY 40033
      View Details
    • $899,000
      16,500 SF

      Mixed-Use Building in Downtown Lebanon

      Two-story mixed-use building with restaurant and apartments in downtown Lebanon.
      202 W Main Street, Lebanon, KY 40033
      View Details
    • $80,000

      Residential Land in Highland Park

      1.33 acre residential land suitable for building townhomes.
      Lots 27 & 28 Highland Park, Lebanon, KY 40033
      View Details
    • $550,000

      Lebanon, KY Vacant Land

      48 acres of vacant land in Lebanon, Kentucky.
      1275 Gene Campbell Rd, Lebanon, KY 40033
      View Details
    • $540,000

      Prime Commercial Land Opportunity

      3.42-acre commercial land with high visibility and easy access.
      0-0 Campbellsville Hwy, Lebanon, KY
      View Details
    • $52,000

      Land For Sale, Lebanon, KY

      Almost 4 acres of cleared land near Lebanon, Kentucky.
      Tatum Ln, Lebanon, KY 40033
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial land with ample parking and development potential.
    Where is this commercial land located?
    The property is located at 139 Cemetery Road Lebanon, KY.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Prime location in a high‑traffic area offering great visibility and convenience.; Ample parking available.; Potential for a variety of uses.
    (859) 236-1852
    We can help!
    Listing Contact
    Don Thomas
    Real Estate License ID: 204621
    Learn More
    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.
    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

    Thank You for Inquiry

    139 Cemetery Road, Lebanon, KY 40033

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!