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    Versatile Commercial Space Available Title is generated by Realmo AI

    1280 S Laurel Road, London, KY 40744

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    For Lease
    $2,850/Mo $12 SF/Yr (calc)

    COMMERCIAL - London, KY

    Property size:
    2,800 SF
    Lot size:
    1.13 Acres
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 1:06 am

    Property Features for 1280 S Laurel Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    077-70-00-040.00
    Size
    2,800 SF
    Lot size
    1.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump, Central Air

    Building Details

    Year built
    2015
    Floors in Building
    1

    We can help!

    Listing Contact
    Sherman E Clark
    Sherman E Clark

    Listing agent Sherman E Clark License #260374

    Listing office WEICHERT REALTORS - Ford Brothers 64 Keavy Rd, Suite #1, Somerset, KY

    Listing date May 15, 2026

    MLS# 26011021

    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.

    HighLights

    • High‑traffic location with easy access, near Kemper Home Furnishings and Levi Jackson Park.
    • Versatile 2,800 sq ft space suitable for retail, office, warehouse, or medical use.
    • Low utility costs due to center unit positioning, insulated walls, and 2 high‑efficiency heat pumps.
    • Vacant and ready for immediate occupancy.
    • Freshly painted with all LED lighting and pre‑wired for IT, security, and speakers.
    • Includes a communication/storage room, small office space, and 2 restrooms.

    Overview

    This 2,800 square foot commercial space, measuring 40 feet wide by 70 feet deep, is available for lease. It is suitable for retail, office, warehouse, medical office, or other similar uses. The property benefits from a location with high traffic and easy access. Low utility costs are supported by its position as a center unit, featuring insulated and soundproof walls between adjoining units, along with two high-efficiency heat pumps. Electric service is provided by Kentucky Utilities, while water, sewer, and garbage services are managed by the City of London. The unit has been freshly painted and equipped with LED lighting, and is pre-wired for IT, security, and speakers. It includes a communication/storage room, a small office space, and two restrooms. Vacant and ready for immediate occupancy, the unit offers business signage space above the entrance. The property is located in a high-traffic area just south of London, next to Kemper Home Furnishings and the entrance to Levi Jackson Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Curry Flooring & Tile, ... Carpet & Flooring Store Front Line Public ... Building Supply State Beauty Supply (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Accounting Firm Department Store Grocery & Convenience Store HVAC Service Food Market Electronics & Wireless Store Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    London
    County
    Laurel
    State
    Kentucky
    Longitude
    -84.062987
    Latitude
    37.090168

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    FAQs

    What type of property is this?
    Retail space - 2,800 SF commercial space suitable for various uses.
    Where is this retail space located?
    The property is located at 1280 S Laurel Road London, KY.
    What is the lease rate?
    The lease rate is $2,850 /Mo.
    What are key features of this property?
    This property features: High‑traffic location with easy access, near Kemper Home Furnishings and Levi Jackson Park.; Versatile 2,800 sq ft space suitable for retail, office, warehouse, or medical use.; Low utility costs due to center unit positioning, insulated walls, and **2 high‑efficiency heat pumps**.
    (606) 224-1952
    We can help!
    Listing Contact
    Sherman E Clark
    Sherman E Clark
    Real Estate License ID: 260374
    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.

    More about this property
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