Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7640 Burlington Pike Florence, KY 41042

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

    1.68 acres of commercial land ready for development.

    Type:Land
    Lot size:
    1.68 Acres
    Added:
    Nov 11, 2019
    Days on Market:
    2358
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 7640 Burlington Pike

    General Information

    Standard status
    Active
    Lot size
    1.68 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    T.J. Schutte Jr

    Listing agent T.J. Schutte Jr License #KY 222254

    Listing office KW Commercial

    Listing date Nov 11, 2019

    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 KW Commercial

    Overview

    1.68 Acres on Burlington Pike

    This property features 1.68 acres of commercial land situated on Burlington Pike. The land will be prepared for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Boone
    State
    Kentucky
    Longitude
    -84.643203
    Latitude
    39.001138

    Nearby Similar for Sale

    • $1,150,000
      7,928 SF

      Florence Multifamily Investment Opportunity

      Eight townhome units with rental history in Florence, Kentucky.
      7402 Shenandoah Drive, Florence, KY 41042
      View Details
    • $133,800
      950 SF

      Professional Office Condo For Sale

      Professional office condominium with functional layout and convenient location.
      6900 Houston Road, Florence, KY 41042
      View Details
    • $131,500
      950 SF

      Professional Office Condo For Sale

      Professional office condo with open layout, natural light, and prime location.
      6900 Houston Road, Florence, KY 41042
      View Details
    • $635,000
      3,625 SF

      Established Eye Care Center

      High-visibility eye care center in Florence, Kentucky for sale.
      6903-6909 Burlington, Florence, KY
      View Details
    • $2,300,000

      Florence KY Office Building Investment

      Well-maintained office building with high tenant capacity in Florence, KY.
      7426 and 7430 US 42, Florence, KY 41042
      View Details
    • $350,000

      Retail Lot Near High Traffic

      One acre retail lot suitable for restaurant or retail.
      7590 Woodspoint Drive, Florence, KY 41042
      View Details
    • $135,500
      1,000 SF

      Professional Office Condo For Sale

      Office condominium with functional layout and potential expansion opportunities.
      6900 Houston Rd Unit 28, Florence, KY 41042
      View Details
    • $350,000

      Retail Lot Near Burlington

      One acre retail lot suitable for restaurant or retail.
      7590 Woodspoint Dr, Florence, KY 41042
      View Details
    • $79

      1.53 Acre Commercial Land Parcel

      1.53 acre commercial land parcel on Dixie Highway.
      10295 Dixie Highway, Florence, KY 41042
      View Details
    • $1,100,000

      1.68 Acres on Burlington Pike

      Commercial land for sale, development ready on Burlington Pike.
      7640 Burlington Pike, Florence, KY 41042
      View Details
    • $435,000
      3,297 SF

      Former Bank Building on Dixie

      Former bank building for sale in Florence, Kentucky.
      6890 Dixie Hwy, Florence, KY
      View Details
    • $175,000

      Land in Florence, Kentucky

      Land available in growing Florence, Kentucky, on Dixie Highway.
      7620 Dixie Hwy, Florence, KY
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.68 acres of commercial land ready for development.
    Where is this commercial land located?
    The property is located at 7640 Burlington Pike Florence, KY.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 1.68 acres of land available; Located on Burlington Pike; Land will be prepared for development
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    T.J. Schutte Jr
    Real Estate License ID: KY 222254
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!