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

    Chapeze Ln Shepherdsville, KY 40165

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 27-acre KY land, I-65 access. Light Industrial zoning.

    Property Features for 0 Chapeze Ln

    General Information

    Property type
    Farms
    Lot Size
    1,176,120 SF

    We can help!

    Listing Contact
    Nick Grisanti
    Nick Grisanti

    Listing Agency: Grisanti Group Commercial Real Estate Listing Agent: Nick Grisanti

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 27-acre parcel, identified as APN 047-000-00-025, presents a significant development opportunity in Bullitt County, Kentucky. Located on Chapeze Lane in Fox Chase, near Shepherdsville (zip code 40165), this property boasts convenient access to Interstate 65. The Ohm Drive I-65 interchange is situated approximately 2.4 miles to the north, while the Hwy 245 I-65 interchange lies 2.3 miles to the south, providing excellent connectivity for transportation and logistics. The land is zoned for Light Industrial (IL) use, opening doors to a variety of potential projects. It's important to note that a significant portion of the property falls within a designated floodplain. The asking price for this expansive tract is $1,600,000. The property's diverse subtype classifications include Residential, Agricultural, and Hospitality, suggesting potential flexibility in development plans. This presents a unique chance to acquire a substantial land holding with strategic location and access to major transportation arteries. Detailed surveys and environmental assessments are recommended for prospective buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shepherdsville
    County
    Bullitt
    State
    Kentucky
    Longitude
    -85.6769441
    Latitude
    37.935879

    Nearby Similar for Sale

    • New
      $749,900
      0.62 Acres

      Shepherdsville Multifamily Investment Opportunity

      Well-maintained 6-unit property in a rapidly growing Kentucky corridor.
      261 Fugate Ln, Shepherdsville, KY 40165
      View Details
    • New
      $1,349,900
      1.54 Acres

      Shepherdsville Multifamily Investment Opportunity

      Ten-unit multifamily package in Shepherdsville, near I-65 and Louisville.
      187-243 Fugate Ln, Shepherdsville, KY 40165
      View Details
    • $5,990,000
      1.12 Acres

      Renovated Multifamily Investment Opportunity

      52-unit multifamily property in Shepherdsville, Kentucky with recent renovations.
      1055 N Buckman St, Shepherdsville, KY 40165
      View Details
    • $245,000
      2,481 SF

      Shepherdsville Triplex Investment Opportunity

      Three-unit property in a convenient Shepherdsville location.
      182 East St, Shepherdsville, KY 40165
      View Details
    • $789,000
      7,480 SF

      Shepherdsville Estate with Mini Farm

      Luxury 5-bedroom estate with mini farm, garden, and pond.
      978 Forest Hill Rd, Shepherdsville, KY 40165
      View Details
    • Contact for pricing
      3,083 SF

      Retail Property Near Kroger

      Retail building with drive-thru, customizable for various uses.
      100 Lawrence Ln, Shepherdsville, KY
      View Details
    • Contact for pricing
      120,800 SF

      Park Bullitt Commerce Center II

      Class A Industrial Space in KY
      3614 Preston Hwy, Shepherdsville, KY 40165
      View Details
    • Contact for pricing
      187,200 SF

      Park Bullitt Commerce Center I

      Modern KY Industrial Space - Lease or BTS
      3614 Preston Hwy, Shepherdsville, KY 40165
      View Details

    FAQs

    What type of property is this?
    Farm - Prime 27-acre KY land, I-65 access. Light Industrial zoning.
    Where is this farm located?
    The property is located at Chapeze Ln Shepherdsville, KY.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 27+/- acres on Chapeze Lane, Bullitt County, KY (APN 047-000-00-025).; I-65 borders the property to the east.; Convenient access to I-65 via the Ohm Drive interchange (2.4 miles north) and Hwy 245 interchange (2.3 miles south).
    (502) 253-1811 Call to check price and availability
    Request Owner's contact information
    Chapeze Ln Shepherdsville, KY 40165
    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.
    Chapeze Ln
    Shepherdsville, KY 40165
    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
    Chapeze Ln Shepherdsville, KY 40165
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Grisanti
    Nick Grisanti
    Real Estate License ID: 274313
    (502) 253-1811 (502) 644-0544
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!