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    40 Devils Holw Access Rd Frankfort, KY 40601

    Sponsored
    For Sale
    $365,000

    COMMERCIAL - Frankfort, KY

    Property size:
    2,288 SF
    Lot size:
    1.30 Acres
    Days on Market:
    89
    Last Refresh:
    Jan 10 at 7:06 am

    Property Features for 40 Devils Holw Access Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    048-40-11-002.00
    Parking
    10
    Size
    2,288 SF
    Lot size
    1.30 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Cooling system
    Electric

    Building Details

    Year built
    1994
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Metal

    Commonwealth Property Management 5451353

    Listing agent Peyton Jarboe (502) 226-2121

    Listing date Oct 14, 2025

    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 Property on High-Traffic Road

    This commercial property presents an investment opportunity with high traffic exposure. The building, totaling 2288 square feet on a 1.3-acre lot, is fully leased with long-term tenants, ensuring reliable income. Two tenants are interested in extending their leases through 2026. The property features 10 paved parking spaces for accessibility. A new HVAC system has been installed in the first unit. Each of the three units has its own hot water tank. The current rents are below market value, bringing in $2175 per month, with the potential to increase rental rates upon lease renewal. The property has prime road frontage for visibility and signage opportunities. The property is located in Frankfort, KY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.895313
    Latitude
    38.195873

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    FAQs

    What type of property is this?
    Retail property - Commercial property with high visibility and steady cash flow.
    Where is this retail property located?
    The property is located at 40 Devils Holw Access Rd Frankfort, KY.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: - Fully leased commercial property with long-term tenants providing steady cash flow.; - High traffic exposure on a major highway (127) offering **prime visibility**.; - Significant opportunity to increase rental rates as **current rents are below market value**.
    (502) 226-2121
    Request Owner's contact information
    40 Devils Holw Access Rd Frankfort, KY 40601
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    Realmo Value Estimation

    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.

    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.

    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
    40 Devils Holw Access Rd Frankfort, KY 40601
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