Corner Mixed-Use
For Sale
$284,000
3364 Main St, Stamping Ground, KY 40379
B3-zoned property combines storefront, office, and residential space.
Property Size2,725 SF
Price / SF$104.22
Days on Market26
Property Features for 3364 Main St
General Information
Standard status
Active
Size
2,725 SF
Zoning
B3
Additional Details
Corner Location
Yes
Building Details
Year Built
9999
Listing Agency:
Keller Williams Commonwealth
(606) 748-1741
Listed By:
Janet C Wigginton · License #220760
Source:
Meliarealty
Added: Aug 4
Changed: Aug 29
Last Checked: Aug 29 at 5:12PM
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 Keller Williams Commonwealth
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.
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 = 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
$25,930
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
9.13%
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%
$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
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
$39.2K $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 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%
$518,600
Cap Rate 7%
$370,429
Cap Rate 9%
$288,111
Alternative Uses
Best Use
Office B
$547.4K
$479.0K – $638.6K
NOI $38,318 @ 7.0% cap · market cap 13.49%
Second Best
Mixed Use
$376.1K
$329.1K – $438.7K
NOI $26,324 @ 7.0% cap · market cap 9.27%
Theoretical Best
Office A
$690.6K
$604.3K – $805.7K
NOI $48,344 @ 7.0% cap · market cap 17.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
