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    Way Shelbyville, KY 40065
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    Way Shelbyville, KY 40065

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    • Retail properties & Spaces
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Way

    Lot size
    1.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Kentucky
    Longitude
    -85.2356
    Latitude
    38.2384

    Comparable in this City

    • Value Estimation by Request
      1 SF

      4280 Way

      Land • 1 SF
      4280 Way, Shelbyville, KY 40065
      View Details
    • Value Estimation by Request
      1.30 Acres

      I-64 Shelbyville Ky

      Land • 56,628 SF
      I-64 Shelbyville Ky, Shelbyville, KY 40065
      View Details
    • Value Estimation by Request
      9,000 SF

      Watson Way

      Individual retail properties • 9,000 SF
      0 Watson Way, Shelbyville, KY 40065
      View Details
    • Value Estimation by Request
      3.00 Acres

      4280 Way

      Day care centers • 3.00 Acres
      4280 Way, Shelbyville, KY 40065
      View Details
    • Value Estimation by Request
      2,125 SF

      107 Jeannie Dr

      Retail properties & Spaces • 2,125 SF
      107 Jeannie Dr, Shelbyville, KY 40065
      View Details
    • Value Estimation by Request
      10.00 Acres

      Way

      Land • 10.00 Acres
      0 Way, Shelbyville, KY 40065
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      56,628 SF

      Shelbyville Retail Development Opportunity

      Land tracts available near I-64 and major retailers.
      I-64 Shelbyville Ky, Shelbyville, KY 40065
      View Details
    • $2,481,000
      3.00 Acres

      Shelbyville KY Commercial Land

      Mixed-use development opportunity. Prime location.
      4280 Freedom's Way, Shelbyville, KY 40065
      View Details
    • $300,000
      0.99 Acres

      Shelbyville KY Land: Prime Acreage

      0.99-acre lot, ideal business development.
      7 Boone Station Rd, Shelbyville, KY 40065
      View Details
    • $499,500
      24.85 Acres

      Shelbyville Land with Large Barn

      24.85 acres near Shelbyville with a 46'x100' barn.
      3150 Cropper Rd, Shelbyville, KY 40065
      View Details
    • Contact for pricing
      10.00 Acres

      Shelbyville Commercial Land Opportunity

      Prime KY Highway Commercial Land
      0 Freedom's Way, Shelbyville, KY 40065
      View Details
    • Contact for pricing

      Grocery-Anchored Retail Center For Sale

      94,588 SF shopping center anchored by Save-A-Lot.
      11-26 Village Ln, Shelbyville, KY 40065
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Building on Midland Trail

      Freestanding building with high frontage and convenient access.
      1605 Midland Trl, Shelbyville, KY 40065
      View Details
    • Contact for pricing

      Shelbyville Office Space For Rent

      Single tenant office space available in Shelbyville, Kentucky.
      223 Midland Park, Shelbyville, KY 40065
      View Details
    • Contact for pricing

      Shelbyville Industrial Space For Lease

      30,600 SF industrial space for lease in Shelbyville, KY.
      1019 Mount Vernon Dr, Shelbyville, KY 40065
      View Details
    • Contact for pricing

      Retail Space in Thriving Center

      6,730 SF retail space in high-traffic Shelbyville location.
      120 Midland Blvd, Shelbyville, KY 40065
      View Details
    • Contact for pricing

      Commercial Land Tracts For Lease

      Commercial land for lease at signalized corner in Shelbyville.
      703 Taylorsville Rd, Shelbyville, KY 40065
      View Details
    • Contact for pricing
      650,000 SF

      Shelbyville Warehouse Space Available

      650,000 sq ft warehouse space for rent.
      Logistics Dr, Shelbyville, KY 40065
      View Details
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    Shelbyville, KY 40065
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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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