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

    160 Stewarts Ln Danville, KY 40422

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,950,000

    53,111 SF warehouse with showroom/office space in Danville, KY.

    Property Features for 160 Stewarts Ln

    General Information

    Zoning
    I-1

    We can help!

    Listing Contact
    Gabe Measner
    Source: Svnstone

    Listing Agent: Gabe Measner

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

    Learn more

    Overview

    Danville Warehouse with Showroom/Office Space

    This 53,111 SF warehouse in Danville, Kentucky, presents an industrial opportunity. The property includes a functional office and showroom component, offering flexibility for distribution and customer-facing operations. It features 3-phase heavy power and approximately 2 acres of yard storage. Danville, located in Central Kentucky, is home to Centre College and has a vibrant downtown area, a local distillery, and access to nature and outdoor activities, including proximity to Herrington Lake. The town is within a 1-3 hour drive from Lexington, Louisville, Owensboro, Bowling Green, Nashville, and Knoxville.
    Location Intelligence

    Current Use by Public Records

    Reclaimed Reserve Carpet & Flooring Store

    Suggested Use

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

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

    Similar Places Nearby

    Storage Rentals of America

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Boyle
    State
    Kentucky
    Longitude
    -84.797304
    Latitude
    37.617778

    Nearby Similar for Sale

    • New
      $449,500
      6,000 SF

      Updated Commercial Building in Danville

      Move-in ready commercial building with versatile layout and prime location.
      541 S 4Th St, Danville, KY 40422
      View Details
    • New
      $279,000
      7,600 SF

      Danville Multi-Level Commercial Opportunity

      Multi-level property near downtown Danville, ideal for commercial or residential conversion.
      205 Otter St, Danville, KY 40422
      View Details
    • $324,900
      1,230 SF

      Historic Danville Property with Expansion Potential

      Turnkey historic property near downtown, suitable for short-term rental.
      200-204 E Walnut St, Danville, KY 40422
      View Details
    • $175,000
      1,725 SF

      Danville Office Building For Sale

      Versatile office building near downtown Danville with mixed-use potential.
      813 S 4Th St, Danville, KY 40422
      View Details
    • $485,000
      3,450 SF

      Danville Commercial Building For Sale

      Commercial building with flexible space in Greenleaf Shopping Center.
      1000 E Lexington Ave Unit 112 #116 #118, Danville, KY 40422
      View Details
    • New
      $399,900
      1,715 SF

      Main Street Mixed-Use Investment

      Three-unit building with retail and residential spaces in Danville, KY.
      129 E Main St, Danville, KY 40422
      View Details
    • $1,290,000
      10,800 SF

      Danville Office Building For Sale

      Spacious office building in downtown Danville with 36 private offices.
      459 W Martin Luther King Blvd, Danville, KY 40422
      View Details
    • $875,000
      5,700 SF

      Danville Mixed-Use Commercial Property

      Three-story commercial property with restaurant, banquet room, and apartment.
      303 W Main St, Danville, KY 40422
      View Details
    • $1,200,000
      13,000 SF

      Downtown Danville Office Building

      Large office building with multiple spaces and secure access.
      198 W Broadway St, Danville, KY 40422
      View Details
    • $275,000
      450 SF

      Herrington Lake Marina Opportunity

      Marina with expansion potential on Herrington Lake.
      1358 Taylor Rd, Danville, KY 40422
      View Details
    • $205,000
      Pending

      Danville Duplex: Investor Opportunity

      Well-maintained duplex near amenities, ideal for investors or owner-occupants.
      174-176 Lisa Ave, Danville, KY 40422
      View Details
    • $319,000
      Pending

      Farmland Opportunity in Danville, KY

      27.895 acres of gently rolling farmland near Danville.
      7053 Perryville Rd, Danville, KY 40422
      View Details

    FAQs

    What type of property is this?
    Warehouse - 53,111 SF warehouse with showroom/office space in Danville, KY.
    Where is this warehouse located?
    The property is located at 160 Stewarts Ln Danville, KY.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - 53,111 SF warehouse suitable for distribution and customer-facing operations; - Includes functional office and showroom space; - +/- 2 Acres of yard storage
    (859) 630-7106
    Request Owner's contact information
    160 Stewarts Ln Danville, KY 40422
    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.
    160 Stewarts Ln
    Danville, KY 40422
    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
    160 Stewarts Ln Danville, KY 40422
    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
    Gabe Measner
    (859) 630-7106
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!