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    Property profile & analytics

    460 Davis Ln Walton, KY 41094

    • Retail properties
    • 20,000 SF
    For Lease
    View listing
    $35 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 460 Davis Ln

    Property size
    20,000 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional retail opportunity presents 20,000 square feet of commercial space within the thriving Richwood Commercial Strip Center in Walton, Kentucky. Located at 460 Davis Ln, 41094, this multi-tenant property boasts a highly desirable location with unparalleled visibility to over 100,000 vehicles daily. The center enjoys convenient access to Interstates 71 and 75, placing it within easy reach of a large customer base. Downtown Cincinnati is a short 18-mile drive to the north. The property sits on a 2.33-acre lot and is zoned C-3/CD, offering flexibility for a variety of retail and restaurant uses. Individual spaces range from a minimum of 1,500 square feet to a maximum contiguous space of 10,000 square feet, catering to businesses of various sizes. The center benefits from its strategic location within a centrally located retail hub, near a future Publix supermarket, and adjacent to the Crown Ridge provision living campus. Across Davis Lane sits the Triple Crown Country Club, further enhancing the area's appeal. For qualified tenants, a ground lease option is available, with a 50% lease agreement followed by owner-constructed buildings. This presents a unique opportunity to establish a strong presence in a rapidly growing market. The property's high visibility, convenient location, and potential for expansion make it an ideal investment for discerning businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Walton
    County
    Boone
    State
    Kentucky
    Longitude
    -84.6337
    Latitude
    38.913

    Comparable in this City

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      12919 Frogtown Connector Rd

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    • Value Estimation by Request
      1,584 SF

      188 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,584 SF
      188 Main St, Walton, KY 41094-1134
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      1,908 SF

      169 Winning Colors Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,908 SF
      169 Winning Colors Way, Walton, KY 41094-8337
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    • Value Estimation
      $3,225,000
      1.55 Acres

      208 Mary Grubbs Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.55 Acres
      208 Mary Grubbs Hwy, Walton, KY 41094-7476
      View Details

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    • $35 SF/Yr
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      Richwood Retail Center: Walton, KY

      Prime Retail Space Available: High Visibility, I-71/75 Access
      460 Davis Ln, Walton, KY 41094
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      476 Davis Ln, Walton, KY 41094
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    460 Davis Ln
    Walton, KY 41094
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    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
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