Add Listing
    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

    368 Paynes Depot Road Georgetown, KY 40324

    View on Map
    For Sale
    $2,000,000

    COMMERCIAL - Georgetown, KY

    Property size:
    9,300 SF
    Lot size:
    2.05 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    43
    Last Refresh:
    Mar 31 at 9:06 pm

    Property Features for 368 Paynes Depot Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    090-00-025.000
    Size
    9,300 SF
    Lot size
    2.05 Acres

    Building Details

    Year built
    1990

    We can help!

    Listing Contact
    Christopher Mitchell

    Listing agent Christopher Mitchell

    Listing office Bluegrass Sotheby's International Realty 1999 Richmond Road Ste 400, Lexington, KY

    Listing date Feb 16, 2026

    MLS# 26005088

    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

    Georgetown Manufacturing Business and Real Estate

    This commercial property, located in Georgetown, Kentucky, features a manufacturing business with real estate available for purchase. The property includes a 9,300 square foot building situated on a 2.05-acre lot. The real estate can be purchased separately from the business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Georgetown
    County
    Scott
    State
    Kentucky
    Longitude
    -84.5923794
    Latitude
    38.1845721

    Nearby Similar for Sale

    • $890,000
      4,000 SF

      Georgetown Commercial Property with Lifts

      Versatile commercial property in Georgetown, KY with automotive and warehouse potential.
      1015 Lexington Road, Georgetown, KY 40324
      View Details
    • $449,900
      2,751 SF

      Renovated Duplex in Georgetown, KY

      Fully renovated duplex offering income potential and stylish living.
      258-260 Elkhorn Meadows Drive, Georgetown, KY 40324
      View Details
    • $1,300,000
      9,300 SF

      Georgetown Manufacturing Business and Real Estate

      Turn-key manufacturing business with real estate for sale in Georgetown.
      368 Paynes Depot Road, Georgetown, KY 40324
      View Details
    • $20
      9,000 SF

      Class A Georgetown Office Opportunity

      2,598 SF Class A office space near Georgetown Community Hospital.
      198 Bevins Lane Suite D, Georgetown, KY 40324
      View Details
    • $15
      20,000 SF

      Medical Space in Washington Square

      Medical and retail spaces available in Georgetown's Washington Square.
      1002 South Broadway St., Georgetown, KY 40324
      View Details
    • $28
      37,300 SF

      Retail Space in Kroger Center

      2,500 SF retail space in premier shopping center.
      118 Marketplace Circle, Georgetown, KY 40324
      View Details
    • $10
      51,390 SF

      Georgetown Retail Shopping Center For Sale

      51,390 SF shopping center in a growing Kentucky community.
      751 Slone Drive, Georgetown, KY 40324
      View Details
    • Contact for pricing
      9,000 SF

      Georgetown Office Build-to-Suit Opportunity

      9,000 SF build-to-suit office opportunity near Georgetown Community Hospital.
      194 Bevins Lane, Georgetown, KY 40324
      View Details
    • $18
      1,687 SF

      Georgetown Class A Office Space

      Class A office space in Georgetown with drive-thru.
      1502 Oxford Drive 150, Georgetown, KY 40324
      View Details
    • $890,000
      4,000 SF

      Automotive/Warehouse Property with Lifts

      Versatile property with lifts, office, and ample parking.
      1015 Lexington Road, Georgetown, KY 40324
      View Details
    • $950,000
      996 SF

      Retail/Restaurant Building with Drive-Thru

      996 SF retail/restaurant building with drive-thru in central Georgetown.
      104 N Bradford Ln, Georgetown, KY 40324
      View Details
    • $14,995,000
      250,000 SF

      Industrial Warehouse Space For Sale

      250,000 SqFt industrial warehouse property available for purchase.
      108 Summer Ct, Georgetown, KY 40324
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Turn-key manufacturing business with real estate for sale in Georgetown.
    Where is this manufacturing property located?
    The property is located at 368 Paynes Depot Road Georgetown, KY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Turn key manufacturing business; Manufacturing business included; Real estate included
    (859) 321-2898
    We can help!
    Listing Contact
    Christopher Mitchell
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!