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

    156 Doe Vly Nicholasville, KY 40356

    Sponsored
    Picture of Land at Doe Vly 156, Nicholasville, KY
    For Sale
    $225,000

    LAND - Nicholasville, KY

    Lot size:
    1.00 Acre
    Days on Market:
    115
    Last Refresh:
    Jan 31 at 11:06 am

    Property Features for 156 Doe Vly

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    096-00-00-007.14
    Lot size
    1.00 Acre

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Michael H Mcneill
    Michael H Mcneill

    Bluegrass Sotheby's International Realty 2680099

    Listing agent Michael H Mcneill (859) 268-0099

    Listing date Oct 9, 2025

    MLS# 25501446 Listing URL

    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

    Nicholasville Land with Bluegrass Views

    This property in Nicholasville, Kentucky, consists of one-acre lots within the Vine Grove development, characterized by its Bluegrass setting. The development is surrounded by three large tracts of land designated for agricultural use, ensuring preserved views and privacy for each homesite. The location provides convenient access to Bannon Crossing and Tates Creek Center. Buyers have the option to select their own builder or choose from builders currently active in Vine Grove. The listing refers to Lot 1/14 on an attached plat. The owner has three other lots available in the development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Nicholasville
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.458186
    Latitude
    37.903151

    Nearby Similar for Sale

    • $1,164,000
      9,721 SF

      Nicholasville Office/Commercial Building For Sale

      9700 sq ft commercial space with customization opportunity in Nicholasville.
      812 Wilmore Rd, Nicholasville, KY 40356
      View Details
    • New
      $385,000
      2,843 SF

      Spacious Ranch with Walk-Out Basement

      5-bedroom, 3-bathroom ranch-style home ideal for multi-generational living.
      103 Willow Dr, Nicholasville, KY 40356
      View Details
    • $339,000
      Pending

      Nicholasville Duplex with Walkout Basement

      Custom-built duplex featuring oversized garages and walkout basement.
      112 A-B Meadowlark, Nicholasville, KY 40356
      View Details
    • $809,000
      Pending

      Jessamine County Land with Barns

      16.44 acres with barns and tenant residence in Nicholasville.
      E Brannon Rd, Nicholasville, KY 40356
      View Details
    • $1,250,000
      6,895 SF

      Nicholasville Warehouse with Development Potential

      Warehouse building and parking lot with development potential along Lexington Road.
      2019 Lexington Rd, Nicholasville, KY 40356
      View Details
    • New
      $229,000
      1,656 SF

      Garage-o-minium Unit with Mezzanine

      Personal storage warehouse unit with mezzanine for flexible use.
      1070 Elizabeth St, Nicholasville, KY 40356
      View Details
    • New
      $50,000
      Pending

      Nicholasville Land with Garage

      Land with a massive 2-car garage and storage shed.
      449 Young Dr, Nicholasville, KY 40356
      View Details
    • $950,000
      3.02 Acres

      Nicholasville Commercial Property For Sale

      Residence zoned for business, ideal for office or retail.
      2070 Vince Rd, Nicholasville, KY 41314
      View Details
    • $900,000
      1,961 SF

      Nicholasville Retail Development Opportunity

      Corner property with drive-thru, ideal for retail development or reuse.
      200 Blueberry Ln, Nicholasville, KY 40356
      View Details
    • $3,590,000
      30,667 SF

      Freestanding Building in Brannon Crossing

      30,667 SF building on 2.4 acres in Brannon Crossing.
      131 Marlene Dr, Nicholasville, KY 40356
      View Details
    • $595,000

      Tenant-Occupied Industrial Property For Sale

      Tenant-occupied industrial property with lease in place until 10/31/26.
      101 Kemper Dr, Nicholasville, KY 40356
      View Details
    • $1,040,000

      Nicholasville Warehouse and Office Building

      Warehouse and office building on 2.42 acres in Nicholasville, KY.
      111 Capital Ct, Nicholasville, KY 40356
      View Details

    FAQs

    What type of property is this?
    Land - One-acre lots in a Bluegrass development with views and privacy.
    Where is this land located?
    The property is located at 156 Doe Vly Nicholasville, KY.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - 1 acre lot in a Bluegrass development.; - Surrounded by preserved agricultural land, ensuring beautiful views and privacy.; - Convenient location: Minutes from Bannon Crossing and Tates Creek Center.
    (859) 221-1193
    Request Owner's contact information
    156 Doe Vly Nicholasville, KY 40356
    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.
    156 Doe Vly
    Nicholasville, KY 40356
    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
    156 Doe Vly Nicholasville, KY 40356
    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
    Michael H Mcneill
    Michael H Mcneill
    Real Estate License ID: 183869
    (859) 221-1193
    Learn more
    Google sign-in failed. Please try again or use another login method.