Short-Term Rental
For Sale
$1,325,000
181 Hidden Creek Drive, Georgetown, KY 40324
COMMERCIAL - Georgetown, KY
Property Size5,632 SF
Lot Size25.90 Acres
Price / SF$235.26
Days on Market16
Property Features for 181 Hidden Creek Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Hidden Creek Est
Directions
From Paynes Depot: Turn onto Ironworks Road. Turn Right onto Hidden Creek Drive (into the Hidden Creek Neighborhood). Go to the end of the street and proceed onto the driveway straight ahead of the cu
Standard status
Active
APN
044-00-028.000
Size
5,632 SF
Lot size
25.90 Acres
Utilities
Heating system
Electric (Heating), Zoned, Natural Gas
Cooling system
Zoned, Electric
Amenities
swim spa
covered wraparound porch
media and game lounge
chef's kitchen
outdoor living spaces
Building Details
Year built
2021
Listing Agency:
RE/MAX Elite Lexington · RE/MAX International
(859) 245-1165
Listed By:
Lacy S Hatton · License #269027
(859) 967-4185
Added: Aug 7
Changed: Aug 14
Last Checked: Aug 22 at 3:06PM
MLS# 26021316
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.
Investment Insights
Based on property information with market context.
Set on 25.9 acres, this short-term rental retreat combines two residences with substantial gathering and recreation space. The 4,432-square-foot main home was built in 2021 and includes an open living area, large kitchen, dining space, media and game lounge, five bedrooms, three full bathrooms, a mudroom, and a covered wraparound porch. Heated concrete floors and zoned mini-split systems support year-round comfort.
A separate 1,200-square-foot guest residence adds two bedrooms, a full bathroom, kitchen, pantry, dining area, and living room. The guest residence connects to a 1,200-square-foot four-car garage, while the main home has an attached nearly 600-square-foot two-car garage. Outdoor amenities include covered living areas and a swim spa. The property has operated as a short-term rental since 2024 and is located in Georgetown, with access to the Kentucky Horse Park, Bourbon Trail, and Lexington identified in the property information.
A separate 1,200-square-foot guest residence adds two bedrooms, a full bathroom, kitchen, pantry, dining area, and living room. The guest residence connects to a 1,200-square-foot four-car garage, while the main home has an attached nearly 600-square-foot two-car garage. Outdoor amenities include covered living areas and a swim spa. The property has operated as a short-term rental since 2024 and is located in Georgetown, with access to the Kentucky Horse Park, Bourbon Trail, and Lexington identified in the property information.
Key Highlights
- 25.9‑acre retreat property in Georgetown, KY
- 4,432‑square‑foot main residence built in 2021
- Separate 1,200‑square‑foot guest residence with 2 bedrooms
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
$42,998
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
3.25%
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%
$859,960
$860.0K
Cap Rate 7%
$614,257
$614.3K
Cap Rate 9%
$477,756
$477.8K
Market Conditions
NOI Build-Up for 5,632 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
$81.8K $14.52/SF
− Vacancy
−$3.6K −$0.64/SF
EGI
$78.2K $13.88/SF
− OpEx
−$35.2K −$6.25/SF
NOI
$43.0K $7.63/SF
Area
Scott County, KY
Vacancy
4.40%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
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%
$859,960
Cap Rate 7%
$614,257
Cap Rate 9%
$477,756
Alternative Uses
Best Use
Apartment 5plus
$614.3K
$537.5K – $716.6K
NOI $42,998 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,916 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 40324, KY
51,035
Population
20,570
Households
2.5
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
155.1 sq mi
ZIP Area
329
Density / Sq Mi
$83,012
Median Household Income
$47,619
Median Earnings
$1,188
Median Rent
$262,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two residences provide flexible accommodations for group stays, private retreats, and extended gatherings.
Where is this short term rental property located?
The property is located at 181 Hidden Creek Drive Georgetown, KY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 25.9‑acre retreat property in Georgetown, KY; 4,432‑square‑foot main residence built in 2021; Separate 1,200‑square‑foot guest residence with 2 bedrooms
