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

    1205 Luisa Ln Mayfield, KY 42066

    Sponsored
    For Sale
    $280,000

    High-traffic location, 1800 sq ft, great visibility.

    Property size:
    1,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    354
    This exceptional 1,800 square foot commercial property presents a unique investment opportunity in Mayfield, Kentucky. Strategically located on 0.49 acres with 381 feet of road frontage, this property enjoys unparalleled visibility and accessibility. Its proximity to Interstate 69 (Exit 24), a mere 0.2 miles away, ensures high traffic volume and convenient access for customers. The building itself offers 1,650 square feet of versatile retail space, perfect for a variety of businesses. An additional 100 square feet is dedicated to office space, providing a functional area for administrative tasks. A half-bath is currently installed, with plumbing already in place for a second bathroom if needed. Furthermore, a grease trap is already installed, making this property particularly well-suited for food service businesses. The property's location directly across from a new Casey's General Store further enhances its appeal, guaranteeing a steady stream of potential customers. Ample parking is available, ensuring convenience for both employees and patrons. This prime location and well-designed space offer an exceptional opportunity for entrepreneurs seeking a thriving business environment in a high-traffic area. The asking price is $280,000.

    Property Features for 1205 Luisa Ln

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,800 SF

    We can help!

    Listing Contact
    Anne Fazekas

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Vintage & Vapor Marketplace ... Vaporizer Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mayfield
    County
    Graves
    State
    Kentucky
    Longitude
    -88.65919
    Latitude
    36.75864

    Nearby Similar for Sale

    • $895,000

      Updated Commercial Property in Mayfield

      Versatile commercial space suitable for retail or professional uses.
      1002 Cuba Rd, Mayfield, KY 42066
      View Details
    • New
      $574,900
      3.24 Acres

      Mayfield Warehouse Near I-69

      Industrial warehouse with offices, near I-69 and US Hwy 121.
      280 Luisa Ln, Mayfield, KY 42045
      View Details
    • $249,900

      Mayfield Warehouse with Car Lift

      3,750 sq ft warehouse with office, car lift, 2.91 acres.
      2525 Jimtown Rd, Mayfield, KY 42066
      View Details
    • $900,000

      Established Car Wash with Office

      Car wash with office space and additional income opportunities.
      2578 Us 45N, Mayfield, KY 42066
      View Details
    • $9,000,000

      Mayfield Industrial Development on 34 Acres

      Industrial development suitable for manufacturing, warehousing, logistics, or agricultural processing.
      3155 St Rt 45 North, Mayfield, KY 42066
      View Details
    • $900,000

      Mayfield Commercial Property Investment Opportunity

      Commercial property with five buildings on 11.04 acres.
      1179 State Route 45 N, Mayfield, KY 42066
      View Details
    • $250,000

      Mayfield Office Building with Customization

      High-traffic Mayfield office building suitable for various business ventures.
      1209 Cuba Rd, Mayfield, KY 42066
      View Details
    • $435,000

      Manufacturing Plant with Expansion Potential

      Manufacturing plant in Mayfield, KY, with expansion and multiple uses.
      60 Electric Dr, Mayfield, KY 42066
      View Details
    • $1,500,000

      Mobile Home Park Investment Opportunity

      Well-maintained 48-lot mobile home park with expansion potential.
      94 Flood Rd, Mayfield, KY 42066
      View Details
    • $1,500,000

      Mobile Home Park Investment Opportunity

      Well-maintained 48-lot mobile home park with expansion potential.
      94 Flood Rd, Mayfield, KY 42066
      View Details
    • $290,000

      Mayfield Multifamily Property for Sale

      Multifamily property in Mayfield, KY with included appliances.
      1023 W Broadway, Mayfield, KY 42066
      View Details
    • $1,850,000

      Mayfield Commercial Property with Storage

      38,000 SF building with 8,200 SF covered storage.
      1776 Ky-121, Mayfield, KY 42066
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, 1800 sq ft, great visibility.
    Where is this commercial real estate located?
    The property is located at 1205 Luisa Ln Mayfield, KY.
    What is the asking price?
    The asking price for this property is $280,000.
    (270) 753-1492
    Request Owner's contact information
    1205 Luisa Ln Mayfield, KY 42066
    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.
    1205 Luisa Ln
    Mayfield, KY 42066
    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
    1205 Luisa Ln Mayfield, KY 42066
    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
    Anne Fazekas
    (270) 753-1492
    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.