Auto Shop with Drive-Through
For Sale
$800,000
714 Bloomfield Rd, Bardstown, KY 40004
B4-zoned auto shop with office, bathroom, and multiple service bays.
Property Size3,200 SF
Lot Size1.00 Acre
Price / SF$250
Days on Market19
Property Features for 714 Bloomfield Rd
General Information
Standard status
Active
Size
3,200 SF
Lot size
1.00 Acre
Property subtype
Office
Zoning
B4
Additional Details
Road Access
Yes
Amenities
heated/cooled office
bathroom
oil-burning shop heater
roll-up side door
main door
back storage room with storage tanks, washer/dryer hookup, and urinal
8 hardwired security cameras
Power
Water
Sewer
Building Details
Year Built
2001
Buildings
1
Abandoned
No
Listing Agency:
Real Estate Go To
(859) 797-3744
Listed By:
Taylor Kays · License #279396
Source:
Kcrea.resimplifi
Added: Aug 14
Changed: Aug 31
Last Checked: Aug 31 at 1:45PM
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 Real Estate Go To
Investment Insights
Based on property information with market context.
This 3,200-square-foot auto shop is configured within a 40x80 building on a mostly blacktop 1-acre parcel. The property includes a heated and cooled office, bathroom, oil-burning shop heater, two drive-through bays with pit and basement access, additional pull-in bays, and both roll-up side and main doors. A rear storage room provides storage tanks, a washer/dryer hookup, and a urinal. Eight hardwired cameras are installed throughout the property.
Located at 714 Bloomfield Rd in Bardstown, Kentucky, the site has three entrances and includes ownership of the side road to the left. Built in 2001 and zoned B4, the offering is for real estate only; the business is not included. The rear carport does not remain.
Located at 714 Bloomfield Rd in Bardstown, Kentucky, the site has three entrances and includes ownership of the side road to the left. Built in 2001 and zoned B4, the offering is for real estate only; the business is not included. The rear carport does not remain.
Key Highlights
- 3,200 SF auto shop on a 1‑acre mostly blacktop lot
- 40x80 building constructed in 2001
- Two drive‑through bays with pit/basement access and additional pull‑in bays
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
$31,974
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
4.00%
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%
$639,480
$639.5K
Cap Rate 7%
$456,771
$456.8K
Cap Rate 9%
$355,267
$355.3K
Market Conditions
NOI Build-Up for 3,200 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
$49.9K $15.60/SF
− Vacancy
−$4.2K −$1.33/SF
EGI
$45.7K $14.27/SF
− OpEx
−$13.7K −$4.28/SF
NOI
$32.0K $9.99/SF
Area
Nelson County, KY
Vacancy
8.50%
Lease Rate
$15.60 /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%
$639,480
Cap Rate 7%
$456,771
Cap Rate 9%
$355,267
Alternative Uses
Best Use
Retail
$456.8K
$399.7K – $532.9K
NOI $31,974 @ 7.0% cap · market cap 4.00%
Second Best
Industrial
$313.0K
$273.9K – $365.2K
NOI $21,911 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$674.6K
$590.3K – $787.1K
NOI $47,223 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40004, KY
30,890
Population
13,090
Households
2.4
Avg Household Size
40
Median Age
25%
College-Educated
91%
High-School Grad
145.3 sq mi
ZIP Area
213
Density / Sq Mi
$64,222
Median Household Income
$40,383
Median Earnings
$946
Median Rent
$224,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ellis Towing LLC — 515 Old Bloomfield Rd, Bardstown, KY 40004
Frequently Asked Questions
What type of property is this?
Auto shop - B4-zoned auto shop with office, bathroom, and multiple service bays.
Where is this auto shop located?
The property is located at 714 Bloomfield Rd Bardstown, KY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3,200 SF auto shop on a 1‑acre mostly blacktop lot; 40x80 building constructed in 2001; Two drive‑through bays with pit/basement access and additional pull‑in bays
