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    Retail Development Pad Site Title is generated by Realmo AI

    155 Shiloh Drive, London, KY 40741

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    Retail pad site available for ground lease or build-to-suit near a coming soon Marriott hotel.

    Type:Retail
    Lot size:
    1.32 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 3:12 am

    Property Features for 155 Shiloh Drive

    General Information

    Standard status
    Active
    Lot size
    1.32 Acres
    Property subtype
    Retail

    Properties For Sale

    at 155 Shiloh Drive Contact us

    We can help!

    Listing Contact
    Zach Smith, CCIM

    Listing agent Zach Smith, CCIM License ##183529

    Listing office

    Listing date Jun 2, 2026

    Source Naiisaac

    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 Zach Smith, CCIM

    HighLights

    • +/-1.32‑acre retail development lot just off I‑75 at Exit 41 in London, KY
    • Retail pad site for ground lease or build‑to‑suit; can be subdivided or suited for a single tenant
    • Located at the intersection of Shiloh and Waco Drives just off Highway 80
    • Adjacent to a coming soon TownePlace Suites by Marriott (89‑room hotel)
    • Traffic count of 53,865 VPD on I‑75 at Exit 41
    • Retail area includes Shiloh’s Roadhouse, Cracker Barrel, Hampton Inn, Fairfield Inn & Suites, Cheddar’s Scratch Kitchen, Wings and Rings, and McDonald’s

    Overview

    ±1.32 acres retail development lot offering a retail pad site for ground lease or a build-to-suit arrangement. The parcel is positioned at the intersection of Shiloh and Waco Drives, just off Highway 80, and is also described as being just off I-75 at Exit 41. The site can be subdivided or structured for a single-tenant development.

    The property benefits from strong regional visibility, with a reported 53,865 VPD on I-75 at Exit 41. It is adjacent to a new 89-room TownePlace Suites by Marriott, coming soon, supporting complementary retail demand in the immediate area. Neighboring or nearby area retailers listed include Shiloh’s Roadhouse, Cracker Barrel, Hampton Inn, Fairfield Inn & Suites, Cheddar’s Scratch Kitchen, Wings and Rings, McDonald’s, and more.

    This offering is well suited for a retailer seeking flexibility between a ground lease and a tailored build-to-suit. The ability to subdivide or concentrate the site for a single user can help simplify development planning for an operator looking to match store size and concept to the market. Contact the agent for details on the available terms and development parameters.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    London
    County
    Laurel
    State
    Kentucky
    Longitude
    -84.117326
    Latitude
    37.150292

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    FAQs

    What type of property is this?
    Commercial land - Retail pad site available for ground lease or build-to-suit near a coming soon Marriott hotel.
    Where is this commercial land located?
    The property is located at 155 Shiloh Drive London, KY.
    What are key features of this property?
    This property features: +/-1.32‑acre retail development lot just off I‑75 at Exit 41 in London, KY; Retail pad site for ground lease or build‑to‑suit; can be subdivided or suited for a single tenant; Located at the intersection of Shiloh and Waco Drives just off Highway 80
    (859) 333-8029
    We can help!
    Listing Contact
    Zach Smith, CCIM
    Real Estate License ID: #183529
    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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