Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    31 Acres B-2 Zoned Land Title is generated by Realmo AI

    405 Danville Loop 1 Rd, Nicholasville, KY 40356

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    31 acres of B-2 zoned land in Nicholasville, KY.

    Type:Land
    Lot size:
    31.00 Acres
    Added:
    Feb 5, 2026
    Days on Market:
    97
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 405 Danville Loop 1 Rd

    General Information

    Standard status
    Active
    Lot size
    31.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Travis Rose

    Listing agent Travis Rose License #KY

    Listing office SVN | Stone Commercial Real Estate

    Listing date Feb 5, 2026

    Source Crexi

    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 SVN | Stone Commercial Real Estate

    HighLights

    • 31 acres of B‑2 zoned land ideal for retail, service businesses, or mixed‑use development.
    • Prime frontage on Danville Rd (US‑27) offers high visibility.
    • Located in the rapidly growing Nicholasville, KY market.
    • Direct access off US‑27 and a second ingress/egress off Danville Loop Rd.
    • Demand for retail and commercial development is set to follow residential growth.
    • Ample space for development behind required setbacks.

    Overview

    This property features 31 acres of B-2 zoned land located in Nicholasville, KY. Situated in a rapidly growing market, the site benefits from increasing residential growth on the south end of the bypass, driving demand for retail and commercial development. The property offers high visibility with frontage along Danville Rd (US-27) and ample space for development behind the required setbacks. Direct access is available off US-27, with a secondary ingress/egress point on Danville Loop Rd. This location is suitable for retail, service businesses, or mixed-use developments catering to the expanding community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Grocery & Convenience Store Daycare Center Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Nicholasville
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.59027
    Latitude
    37.838384

    Nearby Similar for Sale

    • $2,399,000
      8,576 SF

      Nicholasville Commercial Property For Sale

      High-visibility commercial property with multiple income streams in Nicholasville, KY.
      1001-1007 Elizabeth Street, Nicholasville, KY 40356
      View Details
    • $1,370,000
      10,688 SF

      Nicholasville Townhomes Near Lake Mingo

      Eight townhomes near Lake Mingo Park, ideal for 1031 Exchange.
      166-180 Heritage Drive, Nicholasville, KY 40356
      View Details
    • $1,700,000
      2,700 SF

      Nicholasville Commercial Site For Sale

      Sunoco station and convenience store on 1.8 acres.
      3340 All Star Way, Nicholasville, KY 40356
      View Details
    • $950,000

      Nicholasville Commercial Property For Sale

      Residence zoned for business, ideal for office or retail.
      2070 Vince Road, Nicholasville, KY 41314
      View Details
    • $899,900

      Nicholasville Vacant Land For Sale

      6.89 acres of vacant land with development potential.
      Tract 1-D Ohare Lane, Nicholasville, KY 40356
      View Details
    • $329,900
      2,176 SF

      New Duplex in Nicholasville, KY

      New duplex with two bedrooms and modern amenities in Nicholasville.
      510-512 N Central Avenue, Nicholasville, KY 40356
      View Details
    • $229,000
      1,656 SF

      Nicholasville Garage-o-minium Storage Warehouse

      Individually owned storage warehouse with mezzanine and secure access.
      1070 Elizabeth Street unit: 34, Nicholasville, KY 40356
      View Details
    • $365,000

      Residential Land in New Community

      Land in Lexington's new luxury community with garden and amenities.
      5447 Tates Creek Road lot: 3, Nicholasville, KY 40356
      View Details
    • $1,274,900
      1,200 SF

      Nicholasville Townhomes: Investment Opportunity

      All-brick 8-unit townhome complex in Nicholasville, Kentucky.
      200 Strawberry Lane, Nicholasville, KY 40356
      View Details
    • $365,000

      Residential Land in Lexington Community

      Land in new construction community with luxury and convenience.
      5447 Tates Creek Road lot: 10, Nicholasville, KY 40356
      View Details
    • $365,000

      Land in The Sanctuary Community

      Residential land in a new luxury Lexington community.
      5447 Tates Creek Road lot: 4, Nicholasville, KY 40356
      View Details
    • $295,000
      1,749 SF

      Renovated Duplex in Nicholasville, KY

      Turnkey duplex with modern updates and leased units.
      305 Longview Drive, Nicholasville, KY 40356
      View Details

    FAQs

    What type of property is this?
    Commercial land - 31 acres of B-2 zoned land in Nicholasville, KY.
    Where is this commercial land located?
    The property is located at 405 Danville Loop 1 Rd Nicholasville, KY.
    What is the asking price?
    The asking price for this property is $1,318,000.
    What are key features of this property?
    This property features: 31 acres of B‑2 zoned land ideal for retail, service businesses, or mixed‑use development.; Prime frontage on Danville Rd (US‑27) offers high visibility.; Located in the rapidly growing Nicholasville, KY market.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Travis Rose
    Real Estate License ID: KY
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    405 Danville Loop 1 Rd, Nicholasville, KY 40356
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!