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    Nicholasville Byp Nicholasville, KY 40356

    • Land
    • 36.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Nicholasville Byp

    Lot size
    36.00 lot acres
    Property type
    Land

    Description

    This exceptional 36-acre commercial development opportunity is situated in Nicholasville, Kentucky, within Jessamine County – the 12th fastest-growing county in the state since 2010 (12.7% growth). Strategically located at the intersection of US-27 and the Nicholasville Bypass, this B-2 zoned property offers unparalleled visibility and accessibility. The land is uniquely divided, with 23 acres on one side of the bypass and 13 acres directly across, providing potential for significant development. The property boasts substantial frontage along US-27, allowing for ample space for construction after meeting setback requirements. This prime location presents the unique opportunity to control two corners of the US-27 and Nicholasville Bypass intersection. With a high daily traffic count of 19,537 vehicles on US-27, this site offers exceptional exposure to potential customers. The property's proximity to Wilmore, Kentucky's fastest-growing city in 2021 (6.2 miles away), and to Brannon Crossing, a premier Nicholasville development (11 miles away), further enhances its desirability. A previously approved development plan included two entrances, simplifying the development process. The nearby ballpark attracts approximately 2,000 visitors each weekend, adding to the area's vibrancy. This property presents a rare chance to capitalize on the growth trajectory of Jessamine County and its strategic location within easy reach of a significant portion of the US population. The property's address is Nicholasville Byp, Nicholasville, KY 40356.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nicholasville
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.5933
    Latitude
    37.885

    Comparable in this City

    • Value Estimation by Request
      11,708 SF

      802 Brannon Rd

      Individual retail properties • 11,708 SF
      802 Brannon Rd, Nicholasville, KY 40356
      View Details
    • Value Estimation by Request
      1.13 Acres

      Plaza Dr

      Land • 1.13 Acres
      0 Plaza Dr, Nicholasville, KY 40356
      View Details
    • Value Estimation by Request
      1.20 Acres

      Brannon Rd

      Land • 1.20 Acres
      0 Brannon Rd, Nicholasville, KY 40356
      View Details
    • Value Estimation by Request
      6.43 Acres

      Main St

      Distribution properties • 24,000 SF
      0 Main St, Nicholasville, KY 40356
      View Details
    • Value Estimation by Request
      3.65 Acres

      Lots 3C & 3D Brannon Rd

      Retail properties • 3.65 Acres
      Lots 3C & 3D Brannon Rd, Nicholasville, KY 40356
      View Details
    • Value Estimation by Request

      40356 Lot Iv-R Clays Ml Ext Nicholasville Ky

      Land
      40356 Lot Iv-R Clays Ml Ext Nicholasville Ky, Nicholasville, KY 40356
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36.00 Acres

      Nicholasville Commercial Land

      36 Acres, B-2 Zoning, Prime Location
      US-27 Intersection, Nicholasville, KY 40356
      View Details
    • $1,820,000
      3.65 Acres

      Nicholasville Retail Land Investment

      Prime 3.65-acre retail lot in Brannon Crossing
      Lots 3C & 3D Brannon Rd, Nicholasville, KY 40356
      View Details
    • Contact for pricing
      36.00 Acres

      Nicholasville Commercial Land

      36 Acres, B-2 Zoning, Prime Location
      0 Nicholasville Byp, Nicholasville, KY 40356
      View Details
    • $159,900
      14.00 Acres

      Kentucky River Adjoining Land

      14+/- acre property adjoining Kentucky River, suitable for recreation.
      1174 River Rd, Nicholasville, KY 40356
      View Details
    • $990,000
      9.00 Acres

      Nicholasville Industrial Land

      9 Acres, Industrial Zoning, $990,000
      0 John C Watts Dr, Nicholasville, KY 40356
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      24,000 SF

      Nicholasville Industrial Flex Space

      Prime Lexington Submarket, 18,000 SF Available
      0 Main St, Nicholasville, KY 40356
      View Details
    • Contact for pricing
      11,708 SF

      Nicholasville KY Commercial Property

      Versatile Office & Retail Space, 5 Suites Available
      802 Brannon Rd, Nicholasville, KY 40356
      View Details
    • $13 SF/Yr
      3,000 SF

      Prime Nicholasville Office Space

      Executive & medical suites available.
      100 John Sutherland Dr, Nicholasville, KY 40356
      View Details
    • Contact for pricing
      4,755 SF

      Retail Space in Nicholasville

      Retail space available for lease in Nicholasville, Kentucky.
      981 South Main St, Nicholasville, KY 40356
      View Details
    • $22 SF/Yr
      10,452 SF

      Nicholasville Medical Office Space

      Class A medical office suites available.
      0 Brannon Rd, Nicholasville, KY 40356
      View Details
    • $1,500 /Mo
      8,494 SF

      Nicholasville Office Space For Lease

      Office space available in a prime location near courthouse.
      108 N Main St, Nicholasville, KY 40356
      View Details
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    Nicholasville, KY 40356
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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.

    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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