Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    144 Colonial Dr Danville, KY 40422
    Back to Search
    Property profile & analytics

    144 Colonial Dr Danville, KY 40422

    View on Map
    • Land
    • 0.48 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 144 Colonial Dr

    Lot size
    0.48 lot acres
    Property type
    Land

    Description

    This exceptional 0.48-acre commercial lot, located at 144 E Colonial Dr in Danville, Kentucky (zip code 40422), presents a unique opportunity for development. Priced at $55,000, this cleared lot offers 20,909 square feet of buildable space, ideal for a variety of commercial ventures. Its convenient location offers easy access to Danville Country Club via a cart path, enhancing its appeal and accessibility. The property is situated in the desirable Williamsburg Village, a community known for its custom homes, suggesting a strong potential for attracting clientele. Buyers have the freedom to select their preferred builder, allowing for complete customization of the future structure. Detailed plat maps and restrictive covenants are readily available upon request, providing transparency and clarity throughout the acquisition process. This property is perfect for entrepreneurs seeking a prime location to establish their business in a thriving Kentucky community. The lot's size and location make it an attractive investment for those seeking a high-return opportunity in a desirable area. Don't miss this chance to secure this exceptional commercial land parcel.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Boyle
    State
    Kentucky
    Longitude
    -84.7428
    Latitude
    37.6498

    Comparable in this City

    • Value Estimation by Request
      54.79 Acres

      845 Stanford Rd

      Land • 54.79 Acres
      845 Stanford Rd, Danville, KY 40422
      View Details
    • Value Estimation by Request
      0.44 Acres

      40 Raleigh Ct

      Land • 0.44 Acres
      40 Raleigh Ct, Danville, KY 40422
      View Details
    • Value Estimation by Request
      0.40 Acres

      156 Colonial Way

      Land • 0.40 Acres
      156 Colonial Way, Danville, KY 40422
      View Details
    • Value Estimation by Request
      54.79 Acres

      845 Stanford Rd

      Land • 54.79 Acres
      845 Stanford Rd, Danville, KY 40422
      View Details
    • Value Estimation by Request
      34.30 Acres

      US-150 Byp

      Land • 34.30 Acres
      US-150 Byp, Danville, KY 40422
      View Details
    • Value Estimation by Request

      115 Colonial Way

      Land
      115 Colonial Way, Danville, KY 40422
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      209 Corporate Dr, Danville, KY 40422
      View Details
    • $50,000
      1.38 Acres

      Lake View Lot in Danville

      1.377 acre lot with water meter near Lake Herrington.
      1735 Clifton Rd, Danville, KY 40422
      View Details
    • $235,000
      1,400 SF

      Danville Commercial Building - KY

      Prime Danville location, ready for your business.
      1121 Stanford Rd Rd, Danville, KY 40422
      View Details
    • $34,500
      0.23 Acres

      Residential Land in Danville, KY

      0.23 acre building lot in Knob View Trace subdivision.
      Knob Vw Trce, Danville, KY 40422
      View Details
    • $90,000
      1.27 Acres

      Residential Land Near Golf Course

      Two lots totaling 1.271 acres near Danville Country Club.
      167-169 Colonial Way, Danville, KY 40422
      View Details
    • $95,000
      0.59 Acres

      Danville, KY Land Opportunity

      Building site bordering Danville Country Club golf course.
      165 Colonial Way, Danville, KY 40422
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Retailers

      Commercial land for rent near major retailers and Centre College.
      S Danville Byp, Danville, KY 40422
      View Details
    • Contact for pricing

      Downtown Danville Office Suite

      Well-appointed office suite in a high-visibility downtown location.
      236 W Main St, Danville, KY 40422
      View Details
    • Contact for pricing

      508 S 3rd St, Danville, KY 40422

      Flex space
      508 S 3Rd St, Danville, KY 40422
      View Details
    • Contact for pricing

      Available Commercial Space For Lease

      46,379 SF of commercial space available for lease.
      1711 S Danville Byp, Danville, KY 40422
      View Details
    • $300 /Mo
      250 SF

      Updated Office Spaces for Rent

      Individual and block offices available with flexible leasing options.
      198 W Broadway St, Danville, KY 40422
      View Details
    • $8 SF/Yr
      3,350 SF

      Danville Flex/Industrial Facility For Rent

      3,350 SF flex/industrial facility with warehouse and office space.
      1075 Lebanon Rd, Danville, KY 40422
      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.
    144 Colonial Dr
    Danville, KY 40422
    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
    144 Colonial Dr, Danville, KY, 40422
    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!