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

    198 E Court St Lawrenceburg, KY 40342

    Sponsored
    For Lease
    $2,750 /Mo ($6 SF/Yr)

    COMMERCIAL - Lawrenceburg, KY

    Property size:
    5,200 SF
    Days on Market:
    1
    Last Refresh:
    Feb 3 at 7:06 pm

    Property Features for 198 E Court St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    L3-24-3
    Size
    5,200 SF

    We can help!

    Listing Contact
    Jenna Smith Sims

    SmithCO Real Estate Firm (502) 859-0999

    Listing agent Jenna Smith Sims (502) 859-0999

    Listing date Feb 3, 2026

    MLS# 26002075

    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

    Versatile Commercial Space on Bourbon Trail

    This 5,200+- sqft commercial space is located in Lawrenceburg, KY, right off Main Street and on the World Famous Bourbon Trail. The property's zoning permits commercial, residential, or both uses. The space is suitable for a variety of businesses, including a church, medical offices, daycare, dance studio, private school, wellness center, counseling center, hair salon (with an existing fitted salon), call center, beauty industry suites, professional offices, an AIR BNB rental, mission center, or retail. The property features a kitchen/break room area and the potential to add overhead doors for auto/garage/body shop type space. There is huge parking in the back with back door entry. Approximately 95% of the walls are non-load bearing, allowing for flexible expansion or removal to create a completely open space. The rentals have their own private entrance. The property offers exceptional downtown parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Modern Accents Hair Salon Heritage Title Co Title Company Elite Property Solutions, ... Roofing Company Capital Court Authority Probation Office Susan M. Garon, ... Marriage Or Relationship Counselor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Stepping Stones Learning Academy

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceburg
    County
    Anderson
    State
    Kentucky
    Longitude
    -84.894888
    Latitude
    38.035208

    Nearby Similar for Lease

    • $4,000 /Mo

      Spacious Mixed-Use Building in Lawrenceburg

      5,200+- sqft commercial space with flexible zoning and parking.
      198 East Court St, Lawrenceburg, KY 40342
      View Details
    • $1,100 /Mo

      Remodeled Commercial Space, High Traffic

      Remodeled commercial space in high-traffic location, ideal for various businesses.
      119 Hilltop Dr Unit, Lawrenceburg, KY 40342
      View Details
    • $1,200 /Mo
      42,994 SF

      Lawrenceburg Office or Retail Space

      1400 SF office/retail space near busy intersection in Lawrenceburg.
      1004 Dewey Dr, Lawrenceburg, KY 40342
      View Details
    • $7 SF/Yr
      12,000 SF

      Eagle Lake Center Suites Available

      Lawrenceburg Office/Retail Space
      1008 Eagle Lake Dr, Lawrenceburg, KY 40342
      View Details
    • $9 SF/Yr
      12,000 SF

      Euro Tech Business Center: Lawrenceburg, KY

      Retail spaces available, high-traffic location.
      1085 Eagle Lake Dr, Lawrenceburg, KY 40342
      View Details
    • $9 SF/Yr
      64,000 SF

      West Park Plaza Retail Spaces

      High-traffic Lawrenceburg retail spaces.
      755 Broadway St, Lawrenceburg, KY 40342
      View Details

    FAQs

    What type of property is this?
    Day care center - 5,200+- sqft commercial space with flexible zoning in Lawrenceburg, KY.
    Where is this day care center located?
    The property is located at 198 E Court St Lawrenceburg, KY.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - 5,200+- sqft space with flexible zoning allowing for commercial, residential, or mixed use.; - Excellent downtown location right off Main Street and on the Bourbon Trail.; - Huge parking area in the back with back door entry.
    (502) 859-0999
    Request Owner's contact information
    198 E Court St Lawrenceburg, KY 40342
    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.
    198 E Court St
    Lawrenceburg, KY 40342
    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
    198 E Court St Lawrenceburg, KY 40342
    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
    Jenna Smith Sims
    (502) 859-0999
    Learn more
    Google sign-in failed. Please try again or use another login method.