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

    118 Market Place Cir Georgetown, KY 40324

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

    2,700 SF Kroger-anchored retail space.

    Lot size:
    2,700 SF

    Property Features for 118 Market Place Cir

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,700 SF

    Building Details

    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 118 Market Place Cir, Georgetown, KY 40324 Contact us
    Unit

    $28 /Mo

    Size
    2,700 SF
    Contact us

    We can help!

    Listing Contact
    Nathan Dilly
    Nathan Dilly

    Listing Agent: Nathan Dilly

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 2,700 square foot retail space, situated within a thriving 125,000 square foot Kroger Marketplace development, presents a unique leasing opportunity in Georgetown, Kentucky. Located at 118 Marketplace Circle, this single-tenant space is part of a bustling shopping center boasting a diverse mix of established national and local businesses, including Rooster's, MOD Pizza, Starbucks, Subway, and many more. The property benefits from high visibility and accessibility, enjoying convenient access from the Georgetown bypass (17,000+ vehicles daily) and US 25 (18,000+ vehicles daily). This prime location is experiencing significant growth, fueled by recent residential, office, hospital, and medical developments. The property is zoned B-2 and is situated in Scott County, Kentucky, the fastest-growing county in the state. This is the only Kroger location in Georgetown and Scott County, ensuring a substantial customer base. The space will be available in May 2025. This presents a remarkable chance to establish a business in a high-traffic, rapidly expanding area. The one-story building offers excellent visibility and ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    OEC Japanese Express Restaurant World Finance Loan Service Amy Dail Physician Emily Sinclair Physician Arthur Hughes Physician

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Scott
    State
    Kentucky
    Longitude
    -84.5659748
    Latitude
    38.1848635

    Nearby Similar for Lease

    • $380 /Mo
      148 SF

      Renovated Office Space in Georgetown

      Executive offices in downtown Georgetown with high ceilings and natural light.
      117 N Broadway St, Georgetown, KY 40324
      View Details
    • New
      $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
    • $13 SF/Yr
      7,074 SF

      Functional Office Suite in Georgetown

      7,074 SF office suite with flexible layout for lease.
      100 Technology Ct, 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
    • $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
    • $795 /Mo

      Downtown Georgetown Office Space

      Affordable office space in a prime downtown location.
      137 E Main St, 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
    • $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
    • $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
    • $19 SF/Yr
      60,018 SF

      Georgetown Retail Center Opportunity

      Prime KY Retail Space Available
      1002 Broadway St, Georgetown, KY 40324
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - 2,700 SF Kroger-anchored retail space.
    Where is this neighborhood center located?
    The property is located at 118 Market Place Cir Georgetown, KY.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 2,700 SF retail space available; May 2025 availability; Located in Kentucky's fastest-growing county
    (859) 420-5492 Call to check price and availability
    Request Owner's contact information
    118 Market Place Cir 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.
    118 Market Place Cir
    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
    118 Market Place Cir 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 Nathan Dilly
    Nathan Dilly
    Real Estate License ID: 76902
    (859) 420-5492
    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!