Retail or Restaurant
For Sale
$495,000
1400 Old Ekron Road, Brandenburg, KY 40108
Modern 2,369 SF building built in 2015 and renovated in 2022, zoned B-1 for retail or restaurant use.
Property Size2,369 SF
Price / SF$208.95
Days on Market49
Property Features for 1400 Old Ekron Road
General Information
Standard status
Active
Size
2,369 SF
Zoning
B-2 Highway Business
Building Details
Year Built
2015
Year Renovated
2022
Listing Agency:
EXP Realty LLC
Listed By:
Jeffrey Farmer · License #181853
(270) 268-5315
Source:
Expcommercial
Added: Jul 21
Changed: Sep 6
Last Checked: Sep 7 at 4:29AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This for-sale commercial property is a modern 2,369 SF building originally constructed in 2015 and renovated in 2022. It is described as being well-suited for retail or restaurant use and offers a clean, updated option for an owner-operator or investor.
The property is located at 1400 Old Ekron Road in Brandenburg, KY, within a retail and dining area. Public remarks note nearby parks including Meade Olin Park and Otter Creek Park, as well as local attractions such as the Brandenburg Riverfront and the Meade County Fairgrounds.
Zoned B-1, the building provides a commercial framework for retail and restaurant activity in the Brandenburg market.
The property is located at 1400 Old Ekron Road in Brandenburg, KY, within a retail and dining area. Public remarks note nearby parks including Meade Olin Park and Otter Creek Park, as well as local attractions such as the Brandenburg Riverfront and the Meade County Fairgrounds.
Zoned B-1, the building provides a commercial framework for retail and restaurant activity in the Brandenburg market.
Key Highlights
- Modern 2,369 SF commercial building built in 2015 and renovated in 2022
- Zoned B‑1, offering retail or restaurant use potential
- Designed to support retail or restaurant operations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,760
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$555,200
$555.2K
Cap Rate 7%
$396,571
$396.6K
Cap Rate 9%
$308,444
$308.4K
Market Conditions
NOI Build-Up for 2,369 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.8K $16.80/SF
− Vacancy
−$2.8K −$1.18/SF
EGI
$37.0K $15.62/SF
− OpEx
−$9.3K −$3.91/SF
NOI
$27.8K $11.72/SF
Area
Meade County, KY
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$555,200
Cap Rate 7%
$396,571
Cap Rate 9%
$308,444
Alternative Uses
Best Use
Specialty Retail
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.4K
$437.0K – $582.7K
NOI $34,960 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
182k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 26%
Groceries 18%
Superstores 8%
Kroger
Groceries
32,277 visits/mo
0.3 miles
McDonald's
Dining
24,421 visits/mo
0.3 miles
Circle K
Shops & Services
17,996 visits/mo
0.1 miles
Big Lots
Superstores
15,092 visits/mo
0.1 miles
Kroger Fuel Center
Shops & Services
12,918 visits/mo
0.3 miles
Demographics for 40108, KY
12,601
Population
5,311
Households
2.4
Avg Household Size
41
Median Age
17%
College-Educated
91%
High-School Grad
69.0 sq mi
ZIP Area
183
Density / Sq Mi
$71,480
Median Household Income
$45,238
Median Earnings
$836
Median Rent
$216,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Modern 2,369 SF building built in 2015 and renovated in 2022, zoned B-1 for retail or restaurant use.
Where is this conventional restaurant located?
The property is located at 1400 Old Ekron Road Brandenburg, KY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Modern 2,369 SF commercial building built in 2015 and renovated in 2022; Zoned B‑1, offering retail or restaurant use potential; Designed to support retail or restaurant operations
