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

    221 E Woodford St Lawrenceburg, KY 40342

    Sponsored
    For Sale
    $489,000

    COMMERCIAL - Lawrenceburg, KY

    Type:Office
    Property size:
    2,703 SF
    Lot size:
    1.17 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 30 at 2:06 pm

    Property Features for 221 E Woodford St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    R-1
    APN
    L2-12-4
    Size
    2,703 SF
    Lot size
    1.17 Acres

    Utilities

    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1925

    We can help!

    Listing Contact
    K Meredith Lane

    Bluegrass Sotheby's International Realty 2680099

    Listing agent K Meredith Lane (859) 268-0099

    Listing date Jan 22, 2026

    MLS# 25506402

    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

    Turnkey Investment in Bourbon Country

    This fully renovated, income-producing short-term rental property is located in downtown Lawrenceburg. The property has been thoughtfully updated inside and out, offering immediate cash flow potential and long-term appreciation. Modern upgrades include a new metal roof, gutters, siding, energy-efficient windows, and new entry doors, plus three skylights. The designer-inspired kitchen features stainless steel appliances, a gas range, a farmhouse sink, butcher block counters, and custom details. The home's systems have been completely modernized including new plumbing, electrical, insulation, HVAC (including 2 furnaces, 2 A/C units, and a mini-split). Both bathrooms have been fully remodeled with custom tile showers, new vanities, and fixtures. Additional highlights include refinished hardwood floors, new paint and wallpaper, a gas log fireplace, and fresh landscaping with a rebuilt deck. The property, situated on a 1.17-acre lot, has 2703 square feet of space. It is centrally located near Lawrenceburg's bourbon distilleries, restaurants, and downtown shops. The property is zoned R-1. It is intended for use as a short-term rental property, multifamily property, and residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceburg
    County
    Anderson
    State
    Kentucky
    Longitude
    -84.893955
    Latitude
    38.038254

    Nearby Similar for Sale

    • $1,495,000
      4,302 SF

      Established Venue and Rental Property

      Event venue and short-term rental property on 10 scenic acres.
      2250 Willisburg Rd, Lawrenceburg, KY 40342
      View Details
    • $565,000
      2,346 SF

      Lawrenceburg Commercial Space with Recipes

      2,346 sq ft commercial space with established recipes included.
      506 W Broadway St, Lawrenceburg, KY 40342
      View Details
    • $309,900
      1,680 SF

      Downtown Lawrenceburg Office/Retail Opportunity

      Versatile 1,680 sq ft building in thriving downtown Lawrenceburg.
      134 Jackson St, Lawrenceburg, KY 40342
      View Details
    • $489,000
      2,703 SF

      Turnkey Investment in Bourbon Country

      Fully renovated, income-producing short-term rental in downtown Lawrenceburg.
      221 E Woodford St, Lawrenceburg, KY 40342
      View Details
    • $760,000
      5,670 SF

      Downtown Lawrenceburg Commercial Opportunity

      Prime commercial space in downtown Lawrenceburg, Kentucky.
      223 S Main St, Lawrenceburg, KY 40342
      View Details
    • $399,000
      6,464 SF

      Versatile Commercial Building in Lawrenceburg

      Adaptable commercial building in high-traffic downtown Lawrenceburg, Kentucky.
      201 S Main St, Lawrenceburg, KY 40342
      View Details
    • $282,500
      1,900 SF

      Lawrenceburg Duplex on Melody Lane

      Well-maintained duplex in Lawrenceburg with remodeled units and included appliances.
      1088-1090 Melody Ln, Lawrenceburg, KY 40342
      View Details
    • $315,000
      10,212 SF

      Lawrenceburg Land with Large Barn

      Versatile 10-acre property with large barn near Bourbon Trail.
      1931 Mill Creek Pike, Lawrenceburg, KY 40342
      View Details
    • $300,000
      0.43 Acres

      Commercial Building in Lawrenceburg, KY

      Well-maintained commercial building with flexible floorplan and income potential.
      1004 Chico Dr, Lawrenceburg, KY 40342
      View Details
    • $399,999
      0.50 Acres

      Versatile Commercial Building on US HWY

      Commercial building with high visibility, parking, and warehouse space.
      1433 Bypass N, Lawrenceburg, KY 40342
      View Details
    • $299,900

      Established Firewood Supply Company

      Profitable commercial firewood supply company with corporate clients.
      9999, Lawrenceburg, KY 40342
      View Details
    • $125,000
      1,320 SF

      Lawrenceburg Retail Opportunity Near Parkway

      Retail property for sale near Bluegrass Parkway Exit 48.
      1940 Willisburg Rd, Lawrenceburg, KY 40342
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Fully renovated, income-producing short-term rental in downtown Lawrenceburg.
    Where is this short term rental property located?
    The property is located at 221 E Woodford St Lawrenceburg, KY.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: - Turnkey, income-producing short-term rental in downtown Lawrenceburg.; - Fully renovated with modern upgrades inside and out, including new metal roof, siding, windows, plumbing, electrical, insulation, and HVAC.; - Designer-inspired kitchen with stainless steel appliances, gas range, farmhouse sink, and butcher block counters.
    (859) 539-9169
    Request Owner's contact information
    221 E Woodford 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.
    221 E Woodford 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
    221 E Woodford 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
    K Meredith Lane
    Real Estate License ID: 214344
    (859) 539-9169
    Learn more
    Google sign-in failed. Please try again or use another login method.