Listing Agency: Keller Williams Commonwealth

Listed By: Janet C Wigginton · License #220760 Show Phone

Source: Meliarealty

Added: Aug 4 Changed: Oct 10 Last Checked: Oct 13 at 1:19AM

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Investment Insights

Based on property information with market context.

This 2,725-square-foot mixed-use building offers a combination of commercial and residential functionality. The main level includes a front room with hardwood floors, built-in shelving, large windows, a kitchen, bathrooms, dining space, and offices. The portion facing Main Street is designated for commercial or business use, while part of the main floor may serve residential purposes.

A separate-entry upper level remains unfinished and is identified for development into two residential units. Its open layout also provides storage space in its current condition. Located at 3364 Main St in Stamping Ground, the building occupies a corner position with natural light and storefront-oriented windows along Main Street.

Key Highlights

• 2,725‑square‑foot mixed‑use building at 3364 Main St
• B3 zoning with commercial and residential use areas
• Main Street‑facing windows provide natural light to the front space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,930

Cap Rate

9.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$518,600 $518.6K

Cap Rate 7%

$370,429 $370.4K

Cap Rate 9%

$288,111 $288.1K

Market Conditions

NOI Build-Up for 2,725 SF

Gross rent

$39.2K $14.40/SF

− Vacancy

−$2.2K −$0.81/SF

EGI

$37.0K $13.59/SF

− OpEx

−$11.1K −$4.08/SF

NOI

$25.9K $9.52/SF

Area

Scott County, KY

Vacancy

5.60%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$518,600

Cap Rate 7%

$370,429

Cap Rate 9%

$288,111

Alternative Uses

Best Use

Office B

$547.4K

$479.0K – $638.6K (±1% cap)

NOI $38,318 @ 7.0% cap · market cap 13.49%

Second Best

Mixed Use

$376.1K

$329.1K – $438.7K (±1% cap)

NOI $26,324 @ 7.0% cap · market cap 9.27%

Theoretical Best

Office A

$690.6K

$604.3K – $805.7K (±1% cap)

NOI $48,344 @ 7.0% cap · market cap 17.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Building Supply Auto Parts Store Garden Center Kitchen & Bath Showroom Auto Repair Shop Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

74

Businesses Nearby

Explore this area Business Placement

Demographics for 40379, KY

3,784

Population

1,767

Households

2.1

Avg Household Size

40

Median Age

27%

College-Educated

91%

High-School Grad

65.5 sq mi

ZIP Area

58

Density / Sq Mi

$64,487

Median Household Income

$42,388

Median Earnings

$927

Median Rent

$223,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - B3-zoned property combines storefront, office, and residential space.

Where is this mixed-use property located?

The property is located at 3364 Main St Stamping Ground, KY.

What is the asking price?

The asking price for this property is $284,000.

What are key features of this property?

This property features: 2,725‑square‑foot mixed‑use building at 3364 Main St; B3 zoning with commercial and residential use areas; Main Street‑facing windows provide natural light to the front space