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

    1940 Willisburg Road Lawrenceburg, KY 40342

    View on Map
    Claim this Listing
    For Sale
    $125,000

    COMMERCIAL - Lawrenceburg, KY

    Lot size:
    4.53 Acres
    Added:
    Feb 13, 2025
    Days on Market:
    446
    Last Refresh:
    May 5 at 5:06 am

    Property Features for 1940 Willisburg Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    23-22
    Lot size
    4.53 Acres

    We can help!

    Listing Contact
    Jackie Nickell
    Jackie Nickell

    Listing agent Jackie Nickell License #205463

    Listing office CENTURY 21 Commonwealth Real Estate 781 Copperfield Dr, Frankfort, KY

    Listing date Feb 13, 2025

    MLS# 25002650

    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 Lawrenceburg, KY

    This 4.53-acre commercial land is located in Anderson County, near Exit 48 on the Bluegrass Parkway in Lawrenceburg, Kentucky. This property presents an opportunity to establish a business. Purchasers are advised to independently verify all property details. The property is sold in its current condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sparks General Store Grocery & Convenience Store

    Suggested Use

    Big Box & Wholesale Store Grocery & Convenience Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceburg
    County
    Anderson
    State
    Kentucky
    Longitude
    -85.059341
    Latitude
    37.90121

    Nearby Similar for Sale

    • $849,900
      2,500 SF

      Lawrenceburg Commercial Property with Expansion Potential

      Thriving store on 1 acre with highway frontage and apartment.
      2098 Harrodsburg Road, Lawrenceburg, KY 40342
      View Details
    • $849,900
      2,500 SF

      Lawrenceburg Commercial Property with Expansion Potential

      Thriving store on a 1-acre lot with highway frontage.
      2098 Harrodsburg Road, Lawrenceburg, KY 40342
      View Details
    • $425,000
      3,896 SF

      Lawrenceburg Commercial Opportunity on Broadway

      Versatile commercial property with high exposure and endless potential.
      506 W Broadway Street, Lawrenceburg, KY 40342
      View Details
    • $475,000
      2,703 SF

      Renovated Income-Producing Rental Property

      Fully renovated short-term rental in downtown Lawrenceburg with modern upgrades.
      221 E Woodford Street, Lawrenceburg, KY 40342
      View Details
    • $475,000
      2,703 SF

      Turnkey Investment in Bourbon Country

      Fully renovated, income-producing short-term rental in downtown Lawrenceburg.
      221 E Woodford Street, Lawrenceburg, KY 40342
      View Details
    • $275,000
      3,000 SF

      Lawrenceburg Commercial Investment Opportunity

      Income-producing commercial property with expansion potential in Lawrenceburg, Kentucky.
      1004 Chico Drive, Lawrenceburg, KY 40342
      View Details
    • $299,000
      1,680 SF

      Versatile Commercial Space, Lawrenceburg

      Rebuilt commercial space in downtown Lawrenceburg, suitable for various uses.
      134 Jackson Street, Lawrenceburg, KY 40342
      View Details
    • $995,000
      4,302 SF

      Elegant Venue and Investment Opportunity

      Established event and short-term rental property on 10 scenic acres.
      2250 Willisburg Road, Lawrenceburg, KY 40342
      View Details
    • Contact for pricing
      5,742 SF

      Former Bank Downtown Location

      Downtown location in the heart of Bourbon Country, Lawrenceburg, KY.
      128 South Main St, Lawrenceburg, KY 40342
      View Details
    • $350,000
      2,775 SF

      Lawrenceburg Commercial Office Building For Sale

      Commercial office building in Briar Creek Business Park, built in 2006.
      1513 Fieldstone Drive, Lawrenceburg, KY 40342
      View Details
    • $489,000

      Lawrenceburg Land with Hunting Potential

      44.86 acres of wooded land with building sites.
      4000 W Bardstown Road, Lawrenceburg, KY 40342
      View Details
    • $285,000

      Lawrenceburg Land with Large Barn

      Versatile 10-acre property with large barn near Bourbon Trail.
      1931 Mill Creek Pike, Lawrenceburg, KY 40342
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.53 acre commercial land opportunity near Bluegrass Parkway.
    Where is this commercial land located?
    The property is located at 1940 Willisburg Road Lawrenceburg, KY.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Excellent opportunity to open a business.; Located at Exit 48 on Bluegrass Parkway.; Located in Anderson County.
    (502) 545-1323
    We can help!
    Listing Contact
    Jackie Nickell
    Jackie Nickell
    Real Estate License ID: 205463
    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
    1940 Willisburg Road, Lawrenceburg, KY 40342
    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!