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    Right-End Cap Retail Suite Title is generated by Realmo AI

    863 N Main St, Nicholasville, KY 40356

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    For Lease
    $14 SF/Yr $9,333/Mo (calc)

    8,000 SF right-end cap suite in a three-tenant strip on the US-27 retail corridor with ample on-site parking.

    Type:Retail
    Property size:
    8,000 SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:39 am

    Property Features for 863 N Main St

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2008

    Spaces For Lease

    at 863 N Main St Contact us

    We can help!

    Listing Contact
    Justin Ryder, CCIM

    Listing agent Justin Ryder, CCIM

    Listing office

    Listing date Jun 3, 2026

    Source Svn

    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 Justin Ryder, CCIM

    HighLights

    • 8,000 SF right‑end cap retail suite (Suite 863) in a three‑tenant retail strip at 863 N. Main Street, Nicholasville, KY
    • End‑cap visibility with signage exposure to N. Main Street; flexible junior‑box footprint for retail, fitness, medical, or owner‑occupant use
    • US‑27 / N. Main Street retail corridor location with approximately 28,000 VPD (KYTC) and adjacent to Tractor Supply
    • $14.00/SF/yr NNN rent structure; available Fall 2026
    • Year built: 2008; ample on‑site parking
    • Co‑tenants in place since 2013/2014, with surrounding retailers including Walmart Supercenter, Walgreens, and multiple QSR and service businesses

    Overview

    This offering is an 8,000 SF right-end cap retail suite within a three-tenant retail strip. The space is described as a flexible junior-box footprint designed to accommodate a range of retail formats, including retail, fitness, medical, dollar-format, furniture, or an owner-occupant use. The suite benefits from prominent end-cap visibility and immediate exposure to storefront signage along N. Main Street, with ample on-site parking available for customers.

    The property is positioned along Nicholasville’s primary US-27/N. Main Street commercial corridor. The center is located within a Walmart-anchored retail node and is described as immediately adjacent to Tractor Supply and near other surrounding retailers and service operators, including Bargain Hunt, Planet Fitness, Walgreens, Advance Auto Parts, KOI Auto Parts, and Goodwill, plus a deep quick-serve restaurant and service cluster. The remarks cite approximately 28,000 VPD on US-27 (KYTC). The strip includes two established co-tenants in-place since 2013 and 2014.

    For tenants seeking a high-visibility location with convenient parking in a fixed multi-tenant strip, this end-cap suite provides direct street presence on a major commercial artery. The suite is available for occupancy in Fall 2026, and the stated rental rate is $14.00/SF/year NNN.
    Location Intelligence

    Current Use by Public Records

    Aaron's Rent To Own Electronics & Wireless Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Nicholasville
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.566468
    Latitude
    37.896006

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    FAQs

    What type of property is this?
    Retail space - 8,000 SF right-end cap suite in a three-tenant strip on the US-27 retail corridor with ample on-site parking.
    Where is this retail space located?
    The property is located at 863 N Main St Nicholasville, KY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 8,000 SF right‑end cap retail suite (Suite 863) in a three‑tenant retail strip at 863 N. Main Street, Nicholasville, KY; End‑cap visibility with signage exposure to N. Main Street; flexible junior‑box footprint for retail, fitness, medical, or owner‑occupant use; US‑27 / N. Main Street retail corridor location with approximately 28,000 VPD (KYTC) and adjacent to Tractor Supply
    (859) 447-3285
    We can help!
    Listing Contact
    Justin Ryder, CCIM
    Learn More
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    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.

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