Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    52 Oscar Barnett London, KY 40741
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    52 Oscar Barnett London, KY 40741

    View on Map
    • Commercial real estate
    • 1.64 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 52 Oscar Barnett

    Lot size
    1.64 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.64-acre commercial land parcel presents a unique investment opportunity in London, Kentucky. Strategically situated just off Exit 38 of Interstate 75, this property enjoys unparalleled visibility and accessibility, benefiting from the high volume of traffic along this major thoroughfare. Its location adjacent to Forcht Bank on O Barnett Drive places it within a thriving commercial hub, surrounded by established and successful businesses. Neighboring establishments include a Comfort Suites hotel, McAlister's Deli, Hardees fast food restaurant, and a Speedway gas station, among others, creating a strong synergy and attracting a consistent flow of customers. The ongoing expansion of O Barnett Drive, coupled with the expansion of KY-192, further enhances the long-term growth potential of this property. This makes it ideal for a variety of commercial ventures, offering significant potential for return on investment. The property's size and location provide ample space for development, allowing for flexibility in design and functionality to suit a wide range of business needs. This is a rare opportunity to acquire a prime commercial site in a rapidly developing area with excellent visibility and access to a major interstate highway. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $1,250,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    London
    County
    Laurel
    State
    Kentucky
    Longitude
    -84.2371
    Latitude
    37.1657

    Comparable in this City

    • Value Estimation by Request
      16.17 Acres

      133 Jaguar Way

      Commercial real estate • 16.17 Acres
      133 Jaguar Way, London, KY 40741
      View Details
    • Value Estimation by Request

      Laurel Rd

      COMMERCIAL (GENERAL)
      Laurel Rd, London, KY 40741
      View Details
    • Value Estimation by Request

      8202 Laurel Rd

      COMMERCIAL (GENERAL)
      8202 Laurel Rd, London, KY 40741-9720
      View Details
    • Value Estimation by Request
      0.55 Acres

      5279 Laurel Rd

      COMMERCIAL (GENERAL) • 0.55 Acres
      5279 Laurel Rd, London, KY 40741-6881
      View Details
    • Value Estimation by Request
      0.23 Acres

      1250 Lick Frk Rd

      COMMERCIAL (GENERAL) • 0.23 Acres
      1250 Lick Frk Rd, London, KY 40741-9534
      View Details
    • Value Estimation by Request

      204 Liperote Way

      COMMERCIAL (GENERAL)
      204 Liperote Way, London, KY 40741-2509
      View Details

    Similar Nearby for Sale

    • $500,000
      16.17 Acres

      Prime 16-Acre London, KY Land

      Unrestricted land, utilities available, great business opportunity.
      133 Jaguar Way, London, KY 40741
      View Details
    • $549,000
      8,465 SF

      Historic Downtown London Commercial Space

      Prime location, versatile space, high visibility.
      90 Bennett Cir, London, KY 40741
      View Details
    • $699,000
      13,056 SF

      Historic London Commercial Gem

      Prime Downtown Location, Versatile Spaces
      60 Bennett Cir, London, KY 40741
      View Details
    • New
      $4,300,000
      92,800 SF

      Turnkey Hotel Investment Opportunity

      77-key hotel with consistent revenue and recent upgrades.
      2075 W 192 Hwy, London, KY 40741
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Land in Laurel County

      Residential land for sale in London, KY, build your dream home!
      Laredo Dr, London, KY 40741
      View Details
    • Contact for pricing
      0.46 Acres

      Wooded Lot in Laurel County

      0.46 acre wooded lot in the heart of Laurel County.
      New Salem Rd, London, KY 40741
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      4,500 SF

      Versatile Commercial Property with Multiple Buildings

      Three buildings with road frontage suitable for office, storage, or retail.
      40 Glenview Rd, London, KY 40741
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Stand-alone medical office near I-75 with ample parking.
      1360 W 5Th St, London, KY 40741
      View Details
    • $2,900 /Mo
      2,885 SF

      Versatile Commercial Space in London

      High-traffic commercial space suitable for office, retail, or mixed-use.
      945 Ridgewood Rd, London, KY 40741
      View Details
    • $4,250 /Mo
      7,500 SF

      Two-Level Commercial Space Available

      7,500 SF commercial space with road frontage and I-75 visibility.
      430 Tom Jensen Hwy, London, KY 40741
      View Details
    • Contact for pricing

      Retail Space in London, Kentucky

      End-cap retail space in Walmart shadow-anchored strip center.
      120 Childers Dr, London, KY 40741
      View Details
    • $5,000 /Mo
      890 SF

      Commercial Land with Office Space

      3.5 acres of commercial land with office and storage buildings.
      229 Somerset Rd, London, KY 40741
      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.
    52 Oscar Barnett
    London, KY 40741
    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!