Commercial Real Estate Market in Nicholasville, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
218 active listings and 1,071 off-market properties in Nicholasville, KY. Commercial property asks $52/SF to buy and $14.45/SF/Yr to lease.
Market Trends
Nicholasville, KY spans 139.5 square miles in Jessamine County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Nicholasville, KY runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Nicholasville, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Nicholasville, KY runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Nicholasville, KY asks $135/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 58.1%
- Industrial 16.2%
- Commercial 15.3%
- Agricultural 7.7%
- Civic 2.7%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Light Industrial
Highway Business
Two Family Residential
Nicholasville, KY zones 9,786 acres across 21 districts. Commercial zoning covers 15.3% of zoned land, residential 58.1% and industrial 16.2%. The largest single district is Single Family Residential at 17.9%. For commercial buyers the practical constraint is that only 31.5% of land carries a commercial or industrial designation.
Single Family Residential (R-1D)
TURAL AREAS 40 720 SCHEDULE OF DISTRICT REGULATIONS ADOPTED 40 A-1 AGRICULTURE DISTRICT 41 R-1A SINGLE FAMILY RESIDENTIAL DISTRICT 43 R-1B SINGLE FAMILY RESIDENTIAL DISTRICT 46 R-1C SINGLE FAMILY RESIDENTIAL DISTRICT 47 R-1D SINGLE FAMILY RESIDENTIAL DISTRICT 48 R-1E SINGLE FAMILY RESIDENTIAL DISTRICT 50 R-1F SINGLE FAMILY RESIDENTIAL DISTRICT 51 R-1T TOWNHO…
Market overview
Demographics & Economy
Nicholasville, KY has 44,381 residents in 17,934 households. Density runs 318 people per square mile. Median household income here is $75,264 and median gross rent $1,020 a month.
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wilmore | — | — |
| Keene | — | — |
| High Bridge | — | — |
| Keith | — | — |
Commercial property in Nicholasville, KY asks $52/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Nicholasville?
Commercial property in Nicholasville, KY asks an average of $52 per square foot. The 5 most recent recorded sales traded at a median of $104/SF. Multifamily carries the highest asking price at $135/SF.
How much does it cost to lease commercial space in Nicholasville?
Asking lease rates in Nicholasville, KY average $14.45 per square foot per year.
What zoning applies to commercial property in Nicholasville?
Nicholasville, KY zones 9,786 acres across 21 districts, of which 15.3% is commercial and 16.2% industrial. The largest single district is Single Family Residential at 17.9% of zoned land. TURAL AREAS 40 720 SCHEDULE OF DISTRICT REGULATIONS ADOPTED 40 A-1 AGRICULTURE DISTRICT 41 R-1A SINGLE FAMILY RESIDENTIAL DISTRICT 43 R-1B SINGLE FAMILY RESIDENTIAL DISTRICT 46 R-1C SINGLE FAMILY RESIDENTIAL DISTRICT 47 R-1D SINGLE FAMILY RESIDENTIAL DISTRICT 48 R-1E SINGLE FAMILY RESIDENTIAL DISTRICT 50 R-1F SINGLE FAMILY RESIDENTIAL DISTRICT 51 R-1T TOWNHO… Residential zoning covers 58.1% and open space 0%.
Where does Realmo's Nicholasville market data come from?
Realmo compiles Nicholasville, KY figures from 6 recent recorded sales, 180 active sale listings, 38 active lease listings, 1,071 tracked off-market properties, the current Nicholasville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 180 active for-sale and 38 active for-lease listings in Nicholasville, KY. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 9,786 zoned acres across 21 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
