Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    495 Gawthrop Dr Winchester, KY 40391
    Back to Search
    Property profile & analytics

    495 Gawthrop Dr, Winchester, KY 40391

    View on Map
    • Commercial real estate
    • 5,000 SF
    • 1.00 lot acres
    For Sale
    $8
    View Listing →
    Winchester KY Industrial Building For Sale
    $8
    5,000 SF

    Winchester KY Industrial Building

    New 5,000 SF Industrial Building - 2025 Completion

    495 Gawthrop Dr, Winchester, KY 40391
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 495 Gawthrop Dr

    Year built
    2025
    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional new construction industrial building, slated for completion in 2025, offers 5,000 square feet of versatile space situated on approximately one acre of land within a larger 7.631-acre parcel at 495 Gawthrop Drive, Winchester, KY. The building boasts a modern design featuring metal construction with a standing seam metal roof, providing durability and low maintenance. Inside, you'll find an 18-foot clear height at the center, a clear span layout maximizing usable space, and a robust 6-inch reinforced concrete floor. The building is well-equipped with LED lighting and three-phase power, ensuring efficient operation. Access is convenient via one 14-foot drive-in door. Outside, approximately one acre provides ample space for storage or fleet/trailer parking. The property is zoned PD and benefits from a strategic location, joining established businesses United Motorsports and Tri State Paving on a secured site. This building presents a fantastic opportunity for businesses seeking a modern, efficient, and well-located industrial space. The building's dimensions are 50 feet by 100 feet. Winchester's location offers access to a strong workforce and is strategically positioned near the I-75/I-64 intersection, providing easy access to a significant portion of the US population. The Lexington MSA, exceeding 645,000, further enhances the area's economic appeal. This property is priced at $8,000,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Clark
    State
    Kentucky
    Longitude
    -84.2409
    Latitude
    38.0308

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      8025 Veterans Memorial Pkwy

      COMMERCIAL (GENERAL)
      8025 Veterans Memorial Pkwy, Winchester, KY 40391
      View Details
    • Value Estimation by Request
      0.23 Acres

      855 Oil Spgs Rd

      COMMERCIAL (GENERAL)
      855 Oil Spgs Rd, Winchester, KY 40391-8619
      View Details
    • Value Estimation by Request
      2.46 Acres

      626 Atrium Pl

      COMMERCIAL (GENERAL)
      626 Atrium Pl, Winchester, KY 40391-2073
      View Details
    • Value Estimation by Request
      0.38 Acres

      5 Bait St

      COMMERCIAL (GENERAL)
      5 Bait St, Winchester, KY 40391-1503
      View Details
    • Value Estimation by Request
      1.41 Acres

      293 Beau Dr

      COMMERCIAL (GENERAL)
      293 Beau Dr, Winchester, KY 40391
      View Details
    • Value Estimation by Request
      0.26 Acres

      4 Bloomfield Rd

      COMMERCIAL (GENERAL)
      4 Bloomfield Rd, Winchester, KY 40391-1202
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8.40 Acres

      Winchester Shopping Center Investment

      High-traffic retail center, 8.4 acres
      1918 Bypass Rd, Winchester, KY 40391
      View Details
    • Contact for pricing
      31,200 SF

      Winchester Commercial Property - I-64 Access

      High-Visibility Commercial Property, 5 Acres, Two Buildings
      1000 Early Dr, Winchester, KY 40391
      View Details
    • $1,350,000
      3.02 Acres

      Winchester Commercial Land - 3 Acres

      High-traffic location, development potential.
      155 April Way, Winchester, KY 40391
      View Details
    • Contact for pricing
      5,000 SF

      Winchester KY Industrial Building

      New 5,000 SF Industrial Building - 2025 Completion
      495 Gawthrop Dr, Winchester, KY 40391
      View Details
    • $775,000
      3.00 Acres

      Winchester KY Commercial Land Opportunity

      High-traffic location, development potential.
      529 Bullion Blvd, Winchester, KY 40391
      View Details
    • $100,000
      0.32 Acres

      Residential Land in Winchester, KY

      Residential land for upscale home construction in Winchester, Kentucky.
      169 Duclair Dr, Winchester, KY 40391
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,175 SF

      High-Visibility Commercial Property in Winchester

      Prime commercial space with high traffic and excellent accessibility.
      2 Carol Rd, Winchester, KY 40391
      View Details
    • $8 SF/Yr
      19,800 SF

      Climate-Controlled Warehouse Near Interstate 64

      19,800 SF Winchester warehouse with climate control and interstate access.
      350 Tierney Way, Winchester, KY 40391
      View Details
    • $1,200 /Mo
      234,091 SF

      Commercial Land in Winchester, KY

      Commercial property for lease in Winchester, Kentucky with paved driveway.
      701 Tech Dr, Winchester, KY 40391
      View Details
    • $13 SF/Yr
      2,200 SF

      Updated Office Building in Winchester

      2,200 SF office building in the heart of Winchester.
      116 S Maple St, Winchester, KY 40391
      View Details
    • $10,000 /Mo
      20,548 SF

      Winchester Opera House Ballroom Venue

      Established event venue available for lease in Winchester, Kentucky.
      101 S Main St, Winchester, KY 40391
      View Details
    • New
      $1,750 /Mo
      Pending

      Downtown Winchester Retail/Office Space

      Revitalized retail or office space in downtown Winchester.
      11 S Main St, Winchester, KY 40391
      View Details
    View Listing
    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.
    495 Gawthrop Dr
    Winchester, KY 40391
    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

    Thank You for Inquiry
    495 Gawthrop Dr, Winchester, KY, 40391
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!