Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    121-146 Stone Trace Dr Mount Sterling, KY 40353

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial development lots available off I-64, Exit 110.

    Type:Land
    Added:
    Apr 8, 2025
    Days on Market:
    376
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 121-146 Stone Trace Dr

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Jim Kemper
    Jim Kemper

    Listing agent Jim Kemper License #KY 42721

    Listing office NAI Isaac

    Listing date Apr 8, 2025

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Isaac

    Overview

    Commercial Development Lots For Sale

    Commercial development lots are available for sale in Mount Sterling. The location is just off Maysville Road and I-64 at Exit 110. Area retailers include Cattleman's Roadhouse, Ramada, Comfort Inn & Suites, Krystal, Lee's Famous Recipe, McDonald's, Long John Silvers, KFC, and Wendy's.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Sterling
    County
    Montgomery
    State
    Kentucky
    Longitude
    -83.951667
    Latitude
    38.078405

    Nearby Similar for Sale

    • $15
      8,500 SF

      Medical/Office Space in Mount Sterling

      8,500 SF medical/office space for lease near Lexington.
      209 N Maysville St, Mount Sterling, KY 40353
      View Details
    • $185,000
      2,600 SF

      Mount Sterling Garage For Sale

      2,600 SF 6-bay garage in Mount Sterling, Kentucky.
      428 E Main St, Mount Sterling, KY 40353
      View Details
    • Contact for pricing
      3,000 SF

      Freestanding Office Building For Sale

      Single-story office building with ample parking on 0.333 acres.
      209 W Locust St, Mount Sterling, KY 40353
      View Details
    • $295,000
      11 SF

      Commercial Development Lots for Sale

      Commercial development lots available near I-64 in Mount Sterling.
      121-146 Stone Trace Drive, Mount Sterling, KY 40353
      View Details
    • $450,000
      1,200 SF

      Established Vape Shop For Sale

      Turnkey vape shop with inventory and fixtures included for sale.
      206 E Main St, Mount Sterling, KY 40353
      View Details
    • $425,000
      2,108 SF

      Versatile Commercial Building in Mt Sterling

      2,108 sq ft commercial building suitable for various businesses.
      3404 Camargo Rd, Mount Sterling, KY 40353
      View Details
    • Contact for pricing

      90,000 SF Industrial Facility

      90,000 SF industrial facility on 2.56 AC for sale.
      949 Camargo Rd, Mount Sterling, KY 40353
      View Details
    • $965,000

      Commercial Development Lot For Sale

      Commercial development lot with frontage on Maysville Road and I-64.
      101 Stone Trace Dr, Mount Sterling, KY 40353
      View Details
    • Contact for pricing
      4,689 SF

      Two-Tenant Retail Building For Sale

      100% occupied retail building with long-term leases in place.
      492 Indian Mound Dr, Mount Sterling, KY
      View Details
    • $13,450,000
      5,830 SF

      Retail Property in Mount Sterling

      Retail property available for lease in Mount Sterling, Kentucky.
      217 Indian Mound Rd, Mount Sterling, KY
      View Details
    • $750,000
      90,000 SF

      90,000 SF Industrial Facility

      90,000 SF industrial facility for sale on 2.56 AC.
      949 Camargo Rd, Mount Sterling, KY 40353
      View Details
    • $337,000
      2,760 SF

      Charming Two-Story Home

      Character-rich home suitable for a bed & breakfast.
      212 Clay St, Mount Sterling, KY 40353
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial development lots available off I-64, Exit 110.
    Where is this commercial land located?
    The property is located at 121-146 Stone Trace Dr Mount Sterling, KY.
    What are key features of this property?
    This property features: Excellent location just off Maysville Road and I‑64 at Exit 110.; Commercial development lots for sale.; Proximity to area retailers.
    (859) 422-4407 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jim Kemper
    Jim Kemper
    Real Estate License ID: KY 42721
    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!