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    1605 Midland Trl Shelbyville, KY 40065

    • Office buildings
    • 1.99 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimation
    $2,650,000
    Last Sale
    Feb 08, 2024
    $2,625,000
    Location Intelligence
    Property ID
    US34-1590337
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • higi / Health Consultant
    • CDReload - Online Bitcoin ATM / Atm

    Property Details for 1605 Midland Trl

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    1.99 lot acres
    Zone code
    COMMERCIAL
    Property type
    Office buildings
    APN
    S2-06-013
    APU
    S206013

    Description

    This exceptional 14,735-square-foot freestanding retail building in Shelbyville, KY, is available for sublease. Built in 2006, the single-story structure sits on a 1.35-acre lot (APN: S2-06-013) and boasts a prime location at the signalized intersection of Midland Trail and Mack Walters Road, with additional access from Peachtree Street. The property offers significant visibility with over 300 feet of frontage along Midland Trail and includes an exclusive pylon sign for enhanced branding. Ample parking is provided with 55 spaces, complemented by a convenient pick-up window. The building is zoned C - Commercial and is ideally situated in the heart of Shelbyville's retail corridor, near major anchors such as Walmart Supercenter, Lowe's, Kroger Marketplace, and Rural King. This location offers easy access for customers and excellent exposure to high traffic volumes. The Shelbyville trade area is conveniently located east of Louisville, providing access to a substantial customer base. The property's single-tenant occupancy offers flexibility and control for the new lessee. This turnkey opportunity presents a rare chance to establish a strong retail presence in a thriving Kentucky market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,625,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,845,000
      6.5%
      $2,685,000
      7%
      $2,575,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,650,000
      Geo Method
      $2,820,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,625,000
      Retail
      $2,880,000
      Mixed-Use
      $3,030,000
      Hospitality
      $2,720,000
      Educational
      $2,345,000
      Residential Income
      $2,255,000
      Energy
      $3,100,000
      Income-Based Land
      $2,325,000
      Food Service
      $2,790,000

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Kentucky
    Longitude
    -85.2396
    Latitude
    38.2132
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $37,230
    $0.00
    $0.00
    $3,539,452
    -
    $0.00
    $0.00
    $3,539,452

    Comparable in this City

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    • Value Estimation by Request
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      0.32 Acres

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      PROFESSIONAL BUILDING (MULTI-STORY)
      1038 Washington St, Shelbyville, KY 40065-1331
      View Details

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    Similar Nearby for Lease

    • $10 SF/Yr
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      Shelbyville Retail Space For Lease

      14,735 SF Freestanding Building, High Visibility
      1605 Midland Trl, Shelbyville, KY 40065
      View Details
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      Commercial land for lease at signalized corner in Shelbyville.
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    Shelbyville, KY 40065
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    Realmo Value Estimation

    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.

    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.

    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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