Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lilly Dr Stanford, KY 40484
    Back to Search
    Property profile & analytics

    Lilly Dr Stanford, KY 40484

    View on Map
    • Commercial real estate
    • 2,500 SF
    • 3.56 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Lilly Dr

    Year built
    1978
    Lot size
    3.56 lot acres
    Property size
    2,500 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3.56-acre commercial property presents a remarkable opportunity for businesses seeking high visibility and convenient access. Located in Stanford, Kentucky, this flat lot boasts significant road frontage directly on US Highway 27, ensuring maximum exposure to a substantial daily traffic volume. The property's 2,500 square feet of buildable space offers ample room for a variety of commercial ventures, from professional offices to retail establishments. Its location within the city limits of Stanford provides access to essential utilities and services, simplifying the development process. The expansive acreage allows for ample parking and potential for future expansion. The flat terrain minimizes site preparation costs, making this an attractive and cost-effective option for developers. This prime location offers unparalleled visibility and accessibility, making it an ideal site for businesses seeking to establish a strong presence in the Stanford market. The property's strategic positioning on a major highway guarantees high traffic counts, translating to increased customer reach and potential for business growth. This is a rare opportunity to acquire a substantial commercial parcel in a desirable location, ready for immediate development. The asking price of $750,000 reflects the property's exceptional value and potential. Don't miss this chance to secure a prime commercial location in a thriving Kentucky community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Stanford
    County
    Lincoln
    State
    Kentucky
    Longitude
    -84.6536
    Latitude
    37.5341

    Comparable in this City

    • Value Estimation by Request

      109 Harmon Hts

      COMMERCIAL (GENERAL)
      109 Harmon Hts, Stanford, KY 40484-1111
      View Details
    • Value Estimation by Request
      0.90 Acres

      350 Harris Crk Rd

      COMMERCIAL (GENERAL) • 0.90 Acres
      350 Harris Crk Rd, Stanford, KY 40484-8194
      View Details
    • Value Estimation by Request
      1.47 Acres

      100 Jay St

      COMMERCIAL (GENERAL) • 1.47 Acres
      100 Jay St, Stanford, KY 40484-7511
      View Details
    • Value Estimation by Request

      99 Jessica Way

      COMMERCIAL (GENERAL)
      99 Jessica Way, Stanford, KY 40484-8850
      View Details
    • Value Estimation by Request
      2.29 Acres

      78 Kentucky Ct

      COMMERCIAL (GENERAL) • 2.29 Acres
      78 Kentucky Ct, Stanford, KY 40484
      View Details
    • Value Estimation by Request

      78 Kentucky Ct

      COMMERCIAL (GENERAL)
      78 Kentucky Ct, Stanford, KY 40484
      View Details

    Similar Nearby for Sale

    • $839,000
      48.20 Acres

      Prime Stanford KY Land Development

      48 Acres, Gated 55+ Community Potential
      000 Foster Ln, Stanford, KY 40484
      View Details
    • $299,000
      1.89 Acres

      Prime Stanford Commercial Land

      1.89 Acres, High Traffic, US 27
      90 Wrsl Rd, Stanford, KY 40484
      View Details
    • $49,900
      Pending

      Land in Stanford, Kentucky

      2.955 acre building lot with restrictions in Stanford, KY.
      17B William Whitley Rd, Stanford, KY 40484
      View Details
    • $65,000
      Pending

      Land in Chrisman Farms Subdivision

      6.829 acre parcel in Stanford, Kentucky ready for building.
      Deer Chase Rd, Stanford, KY 40484
      View Details
    • New
      $249,900
      3,600 SF

      Stanford, KY Fourplex Investment

      Fourplex in Stanford, KY with long-term tenants.
      4600 Hwy 2141, Stanford, KY 40484
      View Details
    • $46,000
      2.11 Acres

      2.11 Acre Building Lot

      Spacious building lot near Stanford, KY with utilities available.
      27 Lot 3 & 4, Stanford, KY 40484
      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.
    Lilly Dr
    Stanford, KY 40484
    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
    Lilly Dr, Stanford, KY, 40484
    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!