Mixed-Use Corner
For Sale
$284,000
3364 Main Street, Stamping Ground, KY 40379
COMMERCIAL - Stamping Ground, KY
Property Size2,725 SF
Lot Size0.12 Acres
Price / SF$104.22
Days on Market130
Property Features for 3364 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed, commercial and residential B-3
Subdivision
Downtown
Directions
From Georgetown, take 227 toward Stamping Ground, building is on the left right after you pass the elementary school on the right.
Standard status
Active
APN
038-00-110.000
Size
2,725 SF
Lot size
0.12 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Floors in Building
2
Listing Agency:
Keller Williams Commonwealth · Keller Williams Realty
(859) 721-2121
Listed By:
Janet C Wigginton · License #220760
(606) 748-1741
Added: Mar 30
Changed: Aug 4
Last Checked: Aug 6 at 8:06PM
MLS# 26006476
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.
This mixed-use corner building offers flexible live-work and business configurations. The main level features gleaming hardwoods, shelving in the front room, and large windows that bring in natural light for a storefront or office setting. Interior space includes a large kitchen, bathrooms, a dining area, and office space.
The property is zoned B3 and is set up with a commercial front portion facing Main Street, while a portion of the main level can be utilized for residential use. Upstairs has a separate entry and currently includes unfinished space intended to be converted into two residential units (apartments) that can be leased separately.
For tenants, buyers, or owner-operators, the layout supports a variety of end uses, including operating a business with the option to live on-site. The unfinished upper area adds additional flexibility depending on whether the space is completed as apartments or used for storage. With both levels designed for independent access, the building can also accommodate multi-use occupancy under the B3 zoning framework. Schedule a showing to review the current condition and conversion plans.
The property is zoned B3 and is set up with a commercial front portion facing Main Street, while a portion of the main level can be utilized for residential use. Upstairs has a separate entry and currently includes unfinished space intended to be converted into two residential units (apartments) that can be leased separately.
For tenants, buyers, or owner-operators, the layout supports a variety of end uses, including operating a business with the option to live on-site. The unfinished upper area adds additional flexibility depending on whether the space is completed as apartments or used for storage. With both levels designed for independent access, the building can also accommodate multi-use occupancy under the B3 zoning framework. Schedule a showing to review the current condition and conversion plans.
Key Highlights
- Corner building in Stamping Ground, KY with large Main Street‑facing windows—suited for storefront or business space
- Zoned B3: portion of main level usable for residential, with front portion designated for commercial/business
- Main level features hardwood floors, shelving in front room, and a layout with large kitchen, bathrooms, dining area, and offices
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
73
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Main Street storefront-ready space with large windows and a separate-entry upper area for future residential or storage use.
Where is this live-work space located?
The property is located at 3364 Main Street 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: Corner building in Stamping Ground, KY with large Main Street‑facing windows—suited for storefront or business space; Zoned B3: portion of main level usable for residential, with front portion designated for commercial/business; Main level features hardwood floors, shelving in front room, and a layout with large kitchen, bathrooms, dining area, and offices
