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    28181 Us-119 South Williamson, KY 41503
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    28181 Us-119 South Williamson, KY 41503

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    • Retail properties & Spaces
    • 2,975 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 28181 Us-119

    Year built
    2023
    Property size
    2,975 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional investment opportunity presents a brand-new, fee-simple Burger King restaurant built in 2023, located at 28181 US-119 in South Williamson, Kentucky (zip code 41503). The property boasts a 2,975 square foot building on over an acre of land, featuring a double drive-thru and excellent visibility along a main retail corridor. The property benefits from a strong location near the Kentucky/West Virginia state line, with convenient access to major retailers including Walmart, McDonald's, Hardee's, Arby's, Tractor Supply, and Bath & Body Works, as well as a Food City supermarket. The property's proximity to Belfry High School (enrollment exceeding 500 students) further enhances its appeal. The 20-year triple-net (NNN) lease commenced January 10, 2024, and includes four 5-year renewal options, each with a 7.5% rent increase. The current lease term is 19.1 years, with a 6.15% cap rate and a net operating income (NOI) of $141,000. The asking price is $2,292,000. This is a 1031 exchange eligible property with zero landlord responsibilities, offering a secure and passive income stream for the foreseeable future. The franchisee tenant provides excellent creditworthiness. Multiple points of ingress/egress from two roads ensure easy access for customers. This is a turnkey investment ideal for those seeking a stable, high-performing asset in a thriving retail location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Williamson
    County
    Pike
    State
    Kentucky
    Longitude
    -82.2709
    Latitude
    37.6556

    Comparable in this City

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      2,872 SF

      275 Mall Rd

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      807 Central Ave

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      9,030 SF

      Zebulon Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 9,030 SF
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      5,120 SF

      721 Central Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 5,120 SF
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      920 SF

      Stone Coal

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      1,500 SF

      856 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
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    Similar Nearby for Sale

    • $1,100,000
      7,616 SF

      South Williamson Commercial Building For Sale

      Commercial building in high-traffic area suitable for restaurant, retail.
      275 Mall Rd, South Williamson, KY 41503
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    • $467,000

      Freestanding Retail/Office Building For Sale

      4,500 SF retail/office building with drive-thru and signage.
      27989 Us Highway 119, South Williamson, KY 41503
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    • $39,000
      8.68 Acres

      Land in South Williamson, KY

      8.68 +/- acres of land in Pike County, Kentucky.
      519 Happy Valley Rd, South Williamson, KY 41503
      View Details
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    28181 Us-119
    South Williamson, KY 41503
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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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