Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bohon Rd Harrodsburg, KY 40330

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Bohon Rd Harrodsburg, KY 40330

    View on Map
    • Land
    • 6.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Bohon Rd

    Lot size
    6.50 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harrodsburg
    County
    Mercer
    State
    Kentucky
    Longitude
    -84.9358
    Latitude
    37.8178

    Comparable in this City

    • Value Estimation by Request
      25.00 Acres

      2125 Ky-33

      Farms • 4,100 SF
      2125 Ky-33, Harrodsburg, KY 40330
      View Details
    • Value Estimation by Request

      1686 Danville Rd

      Land
      1686 Danville Rd, Harrodsburg, KY 40330
      View Details
    • Value Estimation by Request
      61.00 Acres

      161 Central Pike

      Farms • 61.00 Acres
      161 Central Pike, Harrodsburg, KY 40330
      View Details
    • Value Estimation by Request
      3,168 SF

      1372 Perryville Rd

      Distribution properties • 3,168 SF
      1372 Perryville Rd, Harrodsburg, KY 40330
      View Details
    • Value Estimation by Request
      14.20 Acres

      14 College St

      Land • 14.20 Acres
      14 College St, Harrodsburg, KY 40330
      View Details
    • Value Estimation by Request
      1,200 SF

      743 Shannon Ave

      MOBILE HOME PARK, TRAILER PARK • 1,200 SF
      743 Shannon Ave, Harrodsburg, KY 40330-9192
      View Details

    Similar Nearby for Sale

    • $750,000
      6,933 SF

      Harrodsburg Multifamily Development Opportunity

      Former school undergoing renovation for apartments on 5.6 acres.
      4314 Mackville Rd, Harrodsburg, KY 40330
      View Details
    • New
      $171,900
      2,010 SF

      Harrodsburg Duplex with Rental Income

      Duplex in Harrodsburg with two units and flexible rental setup.
      436 N Greenville St, Harrodsburg, KY 40330
      View Details
    • $450,000
      7,680 SF

      Versatile Office Space with Income Potential

      Well-maintained office building with rental units and ample parking.
      333 S Main St, Harrodsburg, KY 40330
      View Details
    • $375,000
      6,100 SF

      Historic Harrodsburg Mixed-Use Investment

      Restored historic buildings with retail and residential units.
      120 S Main St, Harrodsburg, KY 40330
      View Details
    • New
      $215,900
      2,622 SF

      Harrodsburg Triplex: Income Opportunity

      Well-located triplex in Harrodsburg with immediate cash flow.
      126 N Main St, Harrodsburg, KY 40330
      View Details
    • $199,900
      27.67 Acres

      Harrodsburg, KY Acreage For Sale

      27.67 acres with agricultural and recreational potential.
      1100 Old Dixville Rd, Harrodsburg, KY 40330
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,600 SF

      Harrodsburg Retail Space Available

      Retail space available for lease in Harrodsburg, Kentucky.
      844-866 S College St, Harrodsburg, KY 40330
      View Details
    • New
      $800 /Mo
      Pending

      Harrodsburg Commercial Storefront for Lease

      Affordable commercial storefront ideal for retail, office, or service business.
      122 S Main St, Harrodsburg, KY 40330
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
      545-561 Commerce Dr, Harrodsburg, KY 40330
      View Details
    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.
    Bohon Rd
    Harrodsburg, KY 40330
    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!