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    Restaurant-Ready Retail Space with Patio Title is generated by Realmo AI

    934 Louisville Road, Frankfort, KY 40601

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    A highly visible Louisville Road storefront with a patio concept and strong daily traffic in Frankfort’s major retail corridor.

    Type:Retail
    Property size:
    1,200 SF
    Price / SF:
    $0.02/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:47 am

    Property Features for 934 Louisville Road

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Property subtype
    Retail

    Properties For Sale

    at 934 Louisville Road Contact us

    We can help!

    Listing Contact
    Jamie Adams, SIOR, CCIM
    Jamie Adams, SIOR, CCIM

    Listing agent Jamie Adams, SIOR, CCIM License #KY #216464

    Listing office NAI Isaac

    Listing date Jun 2, 2026

    Source Naiisaac

    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 NAI Isaac

    HighLights

    • +/-12,230 VPD (’18) traffic count on Louisville Road directly in front of the site
    • +/-5,700 SF retail center with +/-1,200 SF available for lease
    • Excellent visibility and access from Louisville Road
    • Location near the intersection of US 127 & US 60 in Frankfort’s major retail corridor
    • Juniper Hills Golf Course and Aquatic Center backs up to the property
    • Less than 2 miles to I‑64 and less than a mile to Kentucky State Capital and downtown Frankfort

    Overview

    The offering includes a retail space within a +/-5,700 SF retail center, with +/-1,200 SF available. The location is designed for storefront visibility and customer access from Louisville Road, and the site’s setting offers a compelling outdoor backdrop. With Juniper Hills Golf Course and Aquatic Center directly behind the property, the area features rolling hills and manicured fairways that pair well with a restaurant format and patio seating.

    Access and exposure are standout considerations here. The site benefits from excellent visibility along Louisville Road with an average daily traffic count of approximately +/-12,230 VPD (’18) in front of the property. It is positioned near the intersection of US 127 and US 60 within Frankfort’s major retail corridor, with the Kentucky State Capital and downtown Frankfort less than a mile away and I-64 less than 2 miles from the site.

    This suite is a practical fit for operators seeking a prominent, high-traffic location and an appealing outdoor environment for guests. Retail tenants who benefit from strong drive-by awareness will also find the configuration useful as part of an established neighborhood retail center.
    Location Intelligence

    Current Use by Public Records

    Papa John's Pizza Restaurant Adecco Staffing Employment Agency LendNation Loan Service Western Union Check Cashing

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.8921852
    Latitude
    38.1823827

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    FAQs

    What type of property is this?
    Retail space - A highly visible Louisville Road storefront with a patio concept and strong daily traffic in Frankfort’s major retail corridor.
    Where is this retail space located?
    The property is located at 934 Louisville Road Frankfort, KY.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: +/-12,230 VPD (’18) traffic count on Louisville Road directly in front of the site; +/-5,700 SF retail center with +/-1,200 SF available for lease; Excellent visibility and access from Louisville Road
    (859) 396-5468
    We can help!
    Listing Contact
    Jamie Adams, SIOR, CCIM
    Jamie Adams, SIOR, CCIM
    Real Estate License ID: KY #216464
    Learn More
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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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