Add Listing
    For Lease
    • 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

    Capital Plz Frankfort, KY 40601

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4.19 Acres, Prime Commercial Location

    Lot size:
    182,516 SF

    Property Features for 0 Capital Plz

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    182,516 SF

    Spaces For Lease

    at 0 Capital Plz, Frankfort, KY 40601 Contact us

    We can help!

    Listing Contact
    Mark Robbins

    Listing Agency: Robbins Properties Nashville Listing Agent: Mark Robbins

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

    Learn more

    Overview

    This exceptional 4.19-acre commercial land parcel presents a unique investment opportunity in Frankfort, Kentucky. Strategically located behind Big Lots and Walgreens, on Capital Plaza West, this property enjoys high visibility and accessibility at the intersection of Highway 127 Bypass and Kings Daughters Drive. Zoned PC-Planned Commercial district, this site offers significant potential for a variety of commercial developments. The single-tenant zoning allows for focused development, minimizing complexities associated with multi-tenant properties. With a total land area of 4.19 acres, there's ample space for substantial construction. The property's location within the thriving commercial corridor ensures high traffic volume and exposure to a large customer base. This prime location offers excellent potential for businesses seeking a high-profile presence in a rapidly growing area. The property is available for lease, providing an ideal opportunity for businesses looking to establish or expand their operations in a strategic location within Franklin County. Detailed zoning information and development guidelines are available upon request. This is a rare opportunity to acquire a significant commercial land parcel in a highly desirable location. Contact us today to learn more about this exceptional property and explore its development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.8786111
    Latitude
    38.2025

    Nearby Similar for Lease

    • New
      $4,000 /Mo
      Pending

      Frankfort Office/Medical Building For Rent

      Freestanding 5,000+ Sq. Ft. building in Prevention Park.
      97 C Michael Davenport Blvd, Frankfort, KY 40601
      View Details
    • $15 SF/Yr
      3,000 SF

      Downtown Frankfort Office Space For Rent

      Updated office space in downtown Frankfort with parking.
      410 Ann St, Frankfort, KY 40601
      View Details
    • $1,500 /Mo
      1,600 SF

      Downtown Frankfort Retail/Office Space

      Adaptable 1,600 SF space in the heart of Frankfort.
      200 W Broadway St, Frankfort, KY 40601
      View Details
    • $13 SF/Yr
      6,400 SF

      Frankfort Office Space For Lease

      Office spaces available in Frankfort, KY, at competitive rates.
      2225 Lawrenceburg Rd, Frankfort, KY 40601
      View Details
    • $600 /Mo
      540 SF

      Downtown Frankfort Office/Retail Space

      550 SF office/retail space in downtown Frankfort.
      402 Ann St, Frankfort, KY 40601
      View Details
    • $2,968 /Mo
      15,200 SF

      Versatile Commercial Space Near I-64

      Adaptable commercial suite suitable for diverse business operations.
      1003 Twilight Trl, Frankfort, KY 40601
      View Details
    • $1,500 /Mo
      1,080 SF

      Office Space in Frankfort, KY

      Office suite available for lease in Frankfort, Kentucky.
      949 Louisville Rd, Frankfort, KY 40601
      View Details
    • $3,250 /Mo
      2,600 SF

      Frankfort Office Space For Rent

      Office space for lease with open floor plan layout.
      949 Louisville Rd, Frankfort, KY 40601
      View Details
    • $1,700 /Mo
      1,217 SF

      Professional Office Space Available

      Like-new office space with private offices and reception area.
      1120 #1 Us Hwy 127 Rd S, Frankfort, KY 40601
      View Details
    • Contact for pricing
      8,771 SF

      Retail Building with Drive-Through Canopy

      8,771 SF building with 920 SF drive-through on 4.142 acres.
      201 Limestone St S, Frankfort, KY 40601
      View Details
    • $6 SF/Yr
      112,000 SF

      Frankfort Warehouse Space Available

      112,000± SF warehouse space for sublease in Frankfort, KY.
      101 Corporate Dr, Frankfort, KY 40601
      View Details
    • $15 SF/Yr

      Downtown Frankfort Office Space Available

      Remodeled office space with parking in downtown Frankfort.
      410 Ann St, Frankfort, KY 40601
      View Details

    FAQs

    What type of property is this?
    Land - 4.19 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at Capital Plz Frankfort, KY.
    What are key features of this property?
    This property features: Prime I-64 and East-West Connector location.; Convenient access from Kings Daughters Road.; High visibility from the street.
    (615) 301-6570 Call to check price and availability
    Request Owner's contact information
    Capital Plz Frankfort, KY 40601
    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.
    Capital Plz
    Frankfort, KY 40601
    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
    Capital Plz Frankfort, KY 40601
    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
    Mark Robbins
    Real Estate License ID: 216285
    (615) 301-6570
    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!