Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1910 Bypass Rd Winchester, KY 40391

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

    Neighborhood shopping center at a busy intersection, 57,466 SF

    Type:Retail
    Property size:
    57,466 SF
    Added:
    Nov 19, 2024
    Days on Market:
    505
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for 1910 Bypass Rd

    General Information

    Standard status
    Active
    Size
    57,466 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 1910 Bypass Rd Contact us

    Suite 1946 $10 /Mo

    Size
    Type
    Retail
    Suite 1946 at Colby Station offers an exceptional opportunity for businesses seeking...
    show more
    Contact us

    We can help!

    Listing Contact
    Bryan Little

    Listing agent Bryan Little License #217370

    Listing office KW Commonwealth

    Listing date Nov 19, 2024

    Source Crexi

    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 KW Commonwealth

    Overview

    Neighborhood Shopping Center For Rent

    Colby Station is a neighborhood shopping center with approximately 57,466 square feet of space. It is located at the intersection of the Bypass and Colby Road. Current tenants include Dollar Tree, Kay Jewelers, Rent A Center, Little Caesars, Resilience Physical Therapy, Don Senor’s Restaurant, and Scooters Coffee.
    Location Intelligence

    Current Use by Public Records

    Little Caesars Pizza Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Colby Station Center — 1934 Bypass Rd, Winchester, KY 40391
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Louisville, 1661 Bypass Hwy, Winchester, KY 40391

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Clark
    State
    Kentucky
    Longitude
    -84.206254
    Latitude
    37.988008

    Nearby Similar for Lease

    • Contact for pricing

      Renovated Commercial Space, Winchester, KY

      Recently renovated commercial space with parking in downtown Winchester, KY.
      16 N Main Street, Winchester, KY 40391
      View Details
    • Contact for pricing

      Freestanding Restaurant with Drive-Thru

      Turnkey restaurant opportunity with drive-thru in Winchester, KY.
      1478 W Lexington Avenue, Winchester, KY 40391
      View Details
    • $8/mo

      Climate-Controlled Warehouse Near Interstate 64

      19,800 SF Winchester warehouse with climate control and interstate access.
      350 Tierney Way, Winchester, KY 40391
      View Details
    • Contact for pricing

      Well-Maintained Strip Center Space

      Highly visible, accessible commercial space in Winchester, Kentucky.
      1200 Bypass Road unit: C, Winchester, KY 40391
      View Details
    • $7/mo

      Industrial Building in Winchester, KY

      15,368 SF industrial building with outside storage potential.
      475 Gawthrop Drive, Winchester, KY 40391
      View Details
    • $13/mo

      Updated Office Building in Winchester

      2,200 SF office building in the heart of Winchester.
      116 S Maple Street, Winchester, KY 40391
      View Details
    • Contact for pricing

      Downtown Winchester Retail Space Available

      Retail space in downtown Winchester with parking and grant opportunities.
      29 S Main Street, Winchester, KY 40391
      View Details
    • $10/mo

      Retail Space in Colby Station

      Prime retail space in high-traffic Winchester location.
      1946 Bypass Road, Winchester, KY 40391
      View Details
    • Contact for pricing

      New Construction Building in Winchester

      New construction building available for rent in Winchester, Kentucky.
      5 Shoppers Dr, Winchester, KY 40391
      View Details

    FAQs

    What type of property is this?
    Shopping center - Neighborhood shopping center at a busy intersection, 57,466 SF
    Where is this shopping center located?
    The property is located at 1910 Bypass Rd Winchester, KY.
    What are key features of this property?
    This property features: Located at the intersection of a Bypass and Colby Road.; Neighborhood shopping center with +\/-57,466 S.f.; Anchored by tenants such as Dollar Tree and Kay Jewelers.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bryan Little
    Real Estate License ID: 217370
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!