Storefront Building on Main
For Sale
$199,000
195 Bethlehem Road, Paris, KY 40361
COMMERCIAL - Paris, KY
Property Size1,752 SF
Lot Size0.68 Acres
Price / SF$113.58
Days on Market103
Property Features for 195 Bethlehem Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
4
Basement
Crawl Space
Subdivision
City Limits
Directions
From downtown Paris, KY, head south on Main Street/US-27 toward Bethlehem Road. Continue onto Bethlehem Road, and the property at 195 Bethlehem Road will be located right off the main road with easy access and visibility.
Standard status
Active
APN
026-20-16-019.00
Size
1,752 SF
Lot size
0.68 Acres
Utilities
Sewer type
Public Sewer
Building Details
Year built
1945
Floors in Building
1
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
Real Broker, LLC - Lexington
(855) 554-2075
Listed By:
Jessica Tsupruk
(859) 270-0710
Added: May 12
Changed: Aug 5
Last Checked: Aug 22 at 9:06AM
MLS# 26011375
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.
Investment Insights
Based on property information with market context.
This storefront property comprises a 1,752-square-foot commercial building on a 0.679-acre parcel. Constructed in 1945, the structure has aluminum siding, a metal roof, and access to public sewer service. Its existing format is presented as suitable for retail, office, restaurant, or café use, subject to applicable requirements.
The property is located at 195 Bethlehem Road in Paris, Kentucky, within Bourbon County. It sits directly off a highly traveled main road and is near established restaurants, local businesses, and a school. The setting provides road access and frontage for customer- or client-oriented commercial operations.
The property is located at 195 Bethlehem Road in Paris, Kentucky, within Bourbon County. It sits directly off a highly traveled main road and is near established restaurants, local businesses, and a school. The setting provides road access and frontage for customer- or client-oriented commercial operations.
Key Highlights
- 1,752‑square‑foot storefront property on a 0.679‑acre parcel
- Constructed in 1945
- Located at 195 Bethlehem Road, Paris, KY 40361
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,671
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$333,420
$333.4K
Cap Rate 7%
$238,157
$238.2K
Cap Rate 9%
$185,233
$185.2K
Market Conditions
NOI Build-Up for 1,752 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.2K $14.40/SF
− Vacancy
−$1.4K −$0.81/SF
EGI
$23.8K $13.59/SF
− OpEx
−$7.1K −$4.08/SF
NOI
$16.7K $9.52/SF
Area
Bourbon County, KY
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$333,420
Cap Rate 7%
$238,157
Cap Rate 9%
$185,233
Alternative Uses
Best Use
Retail
$238.2K
$208.4K – $277.9K
NOI $16,671 @ 7.0% cap · market cap 8.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$444.0K
$388.5K – $518.0K
NOI $31,082 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40361, KY
18,214
Population
8,173
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
87%
High-School Grad
257.1 sq mi
ZIP Area
71
Density / Sq Mi
$57,074
Median Household Income
$36,206
Median Earnings
$793
Median Rent
$216,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - The property includes metal roofing, aluminum siding, and public sewer service.
Where is this storefront property located?
The property is located at 195 Bethlehem Road Paris, KY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,752‑square‑foot storefront property on a 0.679‑acre parcel; Constructed in 1945; Located at 195 Bethlehem Road, Paris, KY 40361
