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    822 Indian Mound Dr Mount Sterling, KY 40353

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    For Lease
    $14 SF/Yr

    High-visibility retail space in prime location

    Lot size:
    50,000 SF

    Property Features for 822 Indian Mound Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,000 SF
    Class
    B
    Total Rate
    58333.33

    Building Details

    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 822 Indian Mound Dr, Mount Sterling, KY 40353 Contact us
    Unit Suite: 924

    $14 /Mo

    Size
    1,200 SF
    Contact us

    We can help!

    Listing Contact
    Philip Sewell

    Listing Agency: Sewell Commercial Brokerage & Development Listing Agent: Philip Sewell

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

    Learn more

    Overview

    This exceptional retail opportunity presents 2,200 square feet of in-line space in a bustling Mount Sterling, KY commercial center. Located at 822 Indian Mound Dr, 40353, this Class B property boasts high visibility, situated just two doors down from a Kroger grocery store. The single-story building, part of a multi-tenant complex, offers a strong tenant mix including national and local brands such as Bealls, Cato, Shoe Show, and Great Clips. The space is immediately available and features a minimum divisible space of 2,200 square feet, with a maximum contiguous space of 2,200 square feet. The total building size is 50,000 square feet, spread across one building. The property is zoned for commercial use (APN: 23M-20-11-049.00) and is ideal for a variety of retail or restaurant uses. Lease rate is $14 per square foot, plus NNN charges of $4.25 per square foot. This high-traffic location offers unparalleled exposure and a chance to thrive in a thriving Kentucky market. Inquire today for further details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Boxwoods (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Sterling
    County
    Montgomery
    State
    Kentucky
    Longitude
    -83.955090522325
    Latitude
    38.060703356795

    Nearby Similar for Lease

    • Contact for pricing
      5,830 SF

      Retail Property in Mount Sterling

      Retail property available for lease in Mount Sterling, Kentucky.
      217 Indian Mound Rd, Mount Sterling, KY 40353
      View Details
    • Contact for pricing
      79,000 SF

      Montgomery Square Retail/Office Space

      Prime KY location, 79,000 SF total.
      1338 Indian Mound Dr, Mount Sterling, KY 40353
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-visibility retail space in prime location
    Where is this restaurant located?
    The property is located at 822 Indian Mound Dr Mount Sterling, KY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 2,200 SF in-line retail space available in Mount Sterling, KY.; High-visibility location adjacent to Kroger grocery store.; Strong tenant mix including national retailers like Bealls, Cato, Shoe Show, and Great Clips.
    (859) 219-2470
    Request Owner's contact information
    822 Indian Mound Dr Mount Sterling, KY 40353
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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.

    More about this property
    822 Indian Mound Dr Mount Sterling, KY 40353
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    We can help!
    Listing Contact
    Philip Sewell
    (859) 219-2470
    Learn more
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