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

    Spg Pl Dr Mount Washington, KY 40047

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

    Prime KY retail development land. High-traffic location.

    Property Features for 0 Spg Pl Dr

    General Information

    Property type
    Land
    Lot Size
    43,560 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 commercial land offering presents a unique investment opportunity in the thriving Mount Washington, Kentucky market. Located at the corner of Hwy 31 (US 150) Bardstown Road/Mt Washington Bypass and Hwy 44 (Old Mill Road), this property boasts unparalleled visibility and accessibility. The site is conveniently accessed via Spring Drive off the Bypass, directly across from Twelve Oaks Drive. The available parcel, Tract 4, encompasses 0.9 acres and is zoned B2 - Central Business, allowing for a wide range of commercial development possibilities. This development is already seeing significant activity, with a new Wendy's established on Tract 1 and a new Zaxby's planned for Tract 2. Tracts 3, 5-B, and 5-A are currently under contract. The remaining portion of Tract 5, approximately 3.4 acres, offers potential for subdivision, creating further development opportunities. This prime location, coupled with the existing commercial presence and high traffic counts, makes this an ideal site for businesses seeking strong visibility and convenient access in a rapidly growing community. The APN for this property is 077-000-00-036A. The total acreage of the entire development ranges from one to five acres. This is a rare chance to secure a prominent position in a bustling Kentucky retail hub.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mount Washington
    County
    Bullitt
    State
    Kentucky
    Longitude
    -85.53645758
    Latitude
    38.05164315

    Nearby Similar for Sale

    • $350,000
      2.20 Acres

      Mount Washington Church on 2.2 Acres

      Versatile property on 2.2 acres, ideal for religious or commercial
      2214 S Bardstown Rd, Mount Washington, KY 40047
      View Details
    • Contact for pricing
      5,259 SF

      Mt Washington Multi-Purpose Building

      Multi-purpose building in Mt Washington with excellent visibility.
      221 S Bardstown Rd, Mount Washington, KY 40047
      View Details
    • Contact for pricing

      New Retail Space in Mt. Washington

      New construction retail space for lease in Mount Washington.
      11184 Kentucky 44, Mt Washington, KY 40047
      View Details
    • Contact for pricing
      30,500 SF

      Mount Washington Retail Opportunity

      Retail property with ample parking and pylon signage available.
      10070 Highway 44 E, Mount Washington, KY 40047
      View Details
    • $2,200,000
      4,897 SF

      High Point Court Retail Property

      Prime Mt. Washington Retail Space, 4,897 SF
      240 High Point Ct, Mount Washington, KY 40047
      View Details
    • $2,900,000
      30,500 SF

      Mount Washington Shopping Center

      Kentucky Retail Investment Opportunity
      10070 Highway 44, Mount Washington, KY 40047
      View Details

    FAQs

    What type of property is this?
    Land - Prime KY retail development land. High-traffic location.
    Where is this land located?
    The property is located at Spg Pl Dr Mount Washington, KY.
    What are key features of this property?
    This property features: High-visibility 0.9-acre commercial lot (Tract 4) available in Mount Washington, KY.; New Wendy's located on adjacent Tract 1.; New Zaxby's planned for adjacent Tract 2.
    (502) 253-1811 Call to check price and availability
    Request Owner's contact information
    Spg Pl Dr Mount Washington, KY 40047
    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.
    Spg Pl Dr
    Mount Washington, KY 40047
    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
    Spg Pl Dr Mount Washington, KY 40047
    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!