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    Flex Building with Warehouse Title is generated by Realmo AI

    60 Lambert Road, Scottsville, KY 42164

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    Claim this Listing
    New
    For Sale
    $269,900

    Commercial - Scottsville, KY

    Lot size:
    0.51 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 60 Lambert Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Fenced, Parking Lot, Paved or Surfaced
    Interior features
    Finished
    Exterior features
    Other-see Remarks, Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    37-44J-1-2
    Lot size
    0.51 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2009
    Flooring type
    Concrete
    Roof type
    Flat
    Architectural style
    Other
    Additional Structures
    See Remarks

    We can help!

    Listing Contact
    Jason Mills

    Listing agent Jason Mills License #203087

    Listing office Keller Williams First Choice R 1550 Westen St., Bowling Green, KY

    Listing date Jun 3, 2026

    MLS# RA20263245 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Office and warehouse space built in 2009
    • 8 separate offices plus conference room and storage rooms
    • 1 bathroom serving the office area
    • Large warehouse area with 2 overhead doors
    • Fenced side and back yard for secured storage
    • Central heating, central air, flat roof, and paved parking lot

    Overview

    This flex building combines an office suite and a large warehouse area. The office side includes eight separate offices, one bathroom, a conference room, and additional storage rooms, supporting both administrative and day-to-day workspace needs. The warehouse portion is fitted with two overhead doors and includes interior warehouse space designed for storage and operations.

    The property is located on Lambert Road in Scottsville, Kentucky. The public remarks note it is close to Scottsville with a short drive to Bowling Green, positioning it for local access and regional connectivity.

    A tenant or buyer seeking a single-site setup with dedicated office space and warehouse functionality may find this configuration practical. The fenced-in side and back yard adds a layer of secured outdoor storage, which can be useful for equipment, materials, or inventory that benefits from being kept off the main yard. The combination of multiple office rooms, conference space, and overhead-door warehouse access supports a range of light industrial and back-office operating models.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy Hotel & Motel Auto Parts Store Skin Care Clinic Kitchen & Bath Showroom Grocery & Convenience Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsville
    County
    Allen
    State
    Kentucky
    Longitude
    -86.232318
    Latitude
    36.7568089

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    FAQs

    What type of property is this?
    Flex space - Office buildout plus warehouse with overhead doors and secured fenced yard storage for mixed-use operations.
    Where is this flex space located?
    The property is located at 60 Lambert Road Scottsville, KY.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: Office and warehouse space built in 2009; 8 separate offices plus conference room and storage rooms; 1 bathroom serving the office area
    (270) 782-1811
    We can help!
    Listing Contact
    Jason Mills
    Real Estate License ID: 203087
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    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.

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