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

    150 Mount Vernon Dr Georgetown, KY 40324

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime KY Medical Office: 6,500 SF Available

    Lot size:
    21,000 SF

    Property Features for 150 Mount Vernon Dr

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,000 SF
    Class
    B
    Total Rate
    49000

    Spaces For Lease

    at 150 Mount Vernon Dr, Georgetown, KY 40324 Contact us
    Unit Available Space

    $28 /Mo

    Size
    6,500 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

    Property Insight Report

    Overview

    This exceptional medical office building, located at 150 Mt Vernon Dr, Georgetown, KY 40324, offers a unique opportunity for healthcare providers. The Mount Vernon Medical Centre boasts a total of 21,000 square feet, currently housing a diverse range of medical tenants including CHI/St. Joe/Common Spirit, Labcorp, Georgetown EN&T, and Sedation Dentistry. The building is classified as Class B and features a single-tenant occupancy structure. Currently, there is 6,500 square feet of vacant space available for lease, offering flexibility for businesses of varying sizes. The available space ranges from 1,500 to 6,500 square feet, providing options to accommodate a variety of needs. This prime location in Georgetown, Kentucky, provides excellent visibility and accessibility for patients and staff. The property presents a strong investment opportunity within a thriving medical community. The building's existing tenant mix demonstrates a stable and successful occupancy history, making this a compelling option for expansion or relocation. Interested parties are encouraged to inquire about lease terms and availability for this exceptional medical office space. The property is situated at 38.188379811481596 latitude and -84.56030199875674 longitude.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Natural Resource Conservation Government Georgetown Sedation Dentistry Dental Office Shashy Ron G ... Physician Ear, Nose & Throat ... Physician

    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
    Georgetown
    County
    Scott
    State
    Kentucky
    Longitude
    -84.560301998757
    Latitude
    38.188379811482

    Nearby Similar for Lease

    • $380 /Mo
      148 SF

      Renovated Office Space in Georgetown

      Executive offices for lease in downtown Georgetown, renovated in 2021.
      117 N Broadway St, Georgetown, KY 40324
      View Details
    • $18 SF/Yr
      16,532 SF

      Georgetown Class A Office Space

      Class A office space in Georgetown with drive-thru availability.
      1502 Oxford Dr, Georgetown, KY 40324
      View Details
    • $2,950 /Mo

      Downtown Georgetown Commercial Space Available

      Commercial space for lease in downtown Georgetown with utilities included.
      135 E Main St, Georgetown, KY 40324
      View Details
    • $10 SF/Yr
      9,420 SF

      Georgetown Village Retail Space

      Renovated retail space available in Georgetown Village Shopping Center.
      401 Outlet Center Dr, Georgetown, KY 40324
      View Details
    • $495 /Mo

      Downtown Georgetown Professional Office Space

      Affordable office space in a prime Main Street location.
      137 E Main St, Georgetown, KY 40324
      View Details
    • $600 /Mo

      Downtown Georgetown Office Space

      One-room office space in downtown Georgetown with utilities included.
      137 E Main St, Georgetown, KY 40324
      View Details
    • $795 /Mo

      Downtown Georgetown Office Space

      Affordable office space in a prime downtown location.
      137 E Main St, Georgetown, KY 40324
      View Details
    • $1,375 /Mo

      Downtown Georgetown Office Space Available

      Second-floor office space in downtown Georgetown with Main Street views.
      135 203, Georgetown, KY 40324
      View Details
    • $24 SF/Yr
      6,433 SF

      Georgetown Retail Shop for Lease

      Modern 1,377 SF Retail Space in KY
      103 Village Blvd, Georgetown, KY 40324
      View Details
    • $10 SF/Yr
      118,612 SF

      Georgetown Village Shopping Center

      Prime Retail Space in Georgetown, KY
      401 Outlet Center Dr, Georgetown, KY 40324
      View Details
    • $19 SF/Yr
      60,018 SF

      Georgetown Retail Center Opportunity

      Prime KY Retail Space Available
      1002 Broadway St, Georgetown, KY 40324
      View Details
    • $7 SF/Yr
      51,390 SF

      Georgetown Retail Center Opportunity

      High-traffic shopping center with space available.
      751 Slone Dr, Georgetown, KY 40324
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Prime KY Medical Office: 6,500 SF Available
    Where is this medical office space located?
    The property is located at 150 Mount Vernon Dr Georgetown, KY.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Convenient access to Georgetown Community Hospital.; 6,500 square feet of leasable space available.; Fully ADA compliant.
    (859) 219-2470 Call to check price and availability
    Request Owner's contact information
    150 Mount Vernon Dr Georgetown, KY 40324
    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.
    150 Mount Vernon Dr
    Georgetown, KY 40324
    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
    150 Mount Vernon Dr Georgetown, KY 40324
    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
    Philip Sewell
    (859) 219-2470
    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!