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

    901 Pike Nicholasville, KY 40356

    Sponsored
    Picture of Land at Pike 901, Nicholasville, KY
    For Sale
    Pending
    $1,365,000

    LAND - Nicholasville, KY

    Lot size:
    39.00 Acres
    Days on Market:
    123
    Last Refresh:
    Jan 27 at 3:06 am

    Property Features for 901 Pike

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    AR
    APN
    070-00-00-032.001
    Lot size
    39.00 Acres

    We can help!

    Listing Contact
    Susie C Rodes
    Susie C Rodes

    Berkshire Hathaway de Movellan Properties 2660451

    Listing agent Susie C Rodes (859) 619-8730

    Listing date Sep 27, 2025

    MLS# 24025914 Listing URL

    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

    Overview

    Development Land in Nicholasville, Kentucky

    This property features approximately 42 acres of prime development land. The land is bordered by the city on three sides and is adjacent to East Jessamine Schools. The topography is gently rolling and offers views. The zoning is AR.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Nicholasville
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.538073
    Latitude
    37.877264

    Nearby Similar for Sale

    • $1,164,000
      9,721 SF

      Nicholasville Office/Commercial Building For Sale

      9700 sq ft commercial space with customization opportunity in Nicholasville.
      812 Wilmore Rd, Nicholasville, KY 40356
      View Details
    • $339,000
      Pending

      Nicholasville Duplex with Walkout Basement

      Custom-built duplex featuring oversized garages and walkout basement.
      112 A-B Meadowlark, Nicholasville, KY 40356
      View Details
    • $329,900
      2,176 SF

      New Duplex in Nicholasville, KY

      Newly completed duplex with modern amenities in downtown Nicholasville.
      510-512 N Central Ave, Nicholasville, KY 40356
      View Details
    • $809,000
      Pending

      Jessamine County Land with Barns

      16.44 acres with barns and tenant residence in Nicholasville.
      E Brannon Rd, Nicholasville, KY 40356
      View Details
    • $1,250,000
      6,895 SF

      Nicholasville Warehouse with Development Potential

      Warehouse building and parking lot with development potential along Lexington Road.
      2019 Lexington Rd, Nicholasville, KY 40356
      View Details
    • $249,000
      1,656 SF

      Nicholasville Garage-o-minium Storage Warehouse

      Individually owned storage warehouse suitable for various purposes.
      1070 Elizabeth St, Nicholasville, KY 40356
      View Details
    • $950,000
      3.02 Acres

      Nicholasville Commercial Property For Sale

      Residence zoned for business, ideal for office or retail.
      2070 Vince Rd, Nicholasville, KY 41314
      View Details
    • $900,000
      1,961 SF

      Nicholasville Retail Development Opportunity

      Corner property with drive-thru, ideal for retail development or reuse.
      200 Blueberry Ln, Nicholasville, KY 40356
      View Details
    • $3,590,000
      30,667 SF

      Freestanding Building in Brannon Crossing

      30,667 SF building on 2.4 acres in Brannon Crossing.
      131 Marlene Dr, Nicholasville, KY 40356
      View Details
    • $365,000

      Office/Warehouse Condos Near Lexington

      Office/warehouse condos for sale near Lexington and Nicholasville.
      121 Dewey Dr, Nicholasville, KY 40356
      View Details
    • $1,895,000
      17,359 SF

      Nicholasville Industrial Facility For Sale

      17,359 SF industrial facility built in 2022 on 1 AC.
      160 Zakk Ct, Nicholasville, KY 40356
      View Details
    • $245,000
      Pending

      Nicholasville Duplex: Investment Opportunity

      All-brick duplex on a quiet court, ideal for investors.
      114-116 Whaley Ct, Nicholasville, KY 40356
      View Details

    FAQs

    What type of property is this?
    Land - Approximately 42 acres of prime development land in Nicholasville.
    Where is this land located?
    The property is located at 901 Pike Nicholasville, KY.
    What is the asking price?
    The asking price for this property is $1,365,000.
    What are key features of this property?
    This property features: - Apprx 42 acres of prime development land; - Bordered by city on three sides; - Adjacent to E Jessamine Schools
    (859) 619-8730
    Request Owner's contact information
    901 Pike Nicholasville, KY 40356
    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.
    901 Pike
    Nicholasville, KY 40356
    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
    901 Pike Nicholasville, KY 40356
    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
    Susie C Rodes
    Susie C Rodes
    Real Estate License ID: 196231
    (859) 619-8730
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.