Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1140 Main Street Ext Georgetown, KY 40324

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1140 Main Street Ext Georgetown, KY 40324

    View on Map
    • Commercial real estate
    • 17.83 lot acres
    Off-Market
    Property ID
    US34-1987472
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1140 Main Street Ext

    Lot size
    17.83 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 17.83-acre development parcel in Georgetown, Kentucky, presents a prime opportunity for investors and developers. Strategically located near I-75 exit 125, this property boasts convenient access to major transportation routes. Currently zoned R-2, the land offers significant potential, with preliminary plans indicating capacity for 213 multi-family units (note: these plans are not yet submitted for approval to Scott County Planning and Zoning). The site's proximity to key amenities is a significant advantage. It's situated just 0.2 miles from the new Creekside Elementary School, and enjoys close proximity to the Toyota Motor Manufacturing Plant and Georgetown College. This makes it an attractive location for residential development, catering to a diverse population including families, college students, and Toyota employees. The asking price is $980,595, translating to approximately $55,000 per acre. This represents a compelling investment opportunity in a rapidly growing area. The property is being offered for the first time on the market since the recent R-2 rezoning. Detailed site plans are available upon request. This is a rare chance to acquire a substantial tract of land in a high-demand location with excellent development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Scott
    State
    Kentucky
    Longitude
    -84.5320098
    Latitude
    38.20308

    Comparable in this City

    • Contact for pricing

      90 Acres Agricultural Land Georgetown

      90 acres of agricultural land near Toyota in Georgetown, KY.
      328 Anderson Rd, Georgetown, KY 40324
      View Details
    • Contact for pricing
      Pending

      Downtown Georgetown Building For Sale

      Downtown Georgetown building with parking lot and B-2 zoning.
      418 N Broadway St, Georgetown, KY 40324
      View Details
    • $270,000
      5.34 Acres

      Georgetown Land Near Toyota

      5.34 acre building lot near Toyota and Georgetown, Kentucky.
      3723 Cynthiana Rd, Georgetown, KY 40324
      View Details
    • $60,000
      0.63 Acres

      Residential Land in Desirable Neighborhood

      Homesite in Georgetown's desirable neighborhood, backing to mature trees.
      245 Harbor Village Dr, Georgetown, KY 40324
      View Details
    • $60,000
      0.60 Acres

      Residential Land in Georgetown, KY

      Homesite in desirable neighborhood, backing to mature trees.
      281 Harbor Village Dr, Georgetown, KY 40324
      View Details
    • $200,000
      Pending

      Georgetown Land Ready to Build

      5 acre lot ready for your dream home in Georgetown.
      135 Hyde Park Ln, Georgetown, KY 40324
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      90 Acres Agricultural Land Georgetown

      90 acres of agricultural land near Toyota in Georgetown, KY.
      328 Anderson Rd, Georgetown, KY 40324
      View Details
    • Contact for pricing
      Pending

      Downtown Georgetown Building For Sale

      Downtown Georgetown building with parking lot and B-2 zoning.
      418 N Broadway St, Georgetown, KY 40324
      View Details
    • $270,000
      5.34 Acres

      Georgetown Land Near Toyota

      5.34 acre building lot near Toyota and Georgetown, Kentucky.
      3723 Cynthiana Rd, Georgetown, KY 40324
      View Details
    • $60,000
      0.63 Acres

      Residential Land in Desirable Neighborhood

      Homesite in Georgetown's desirable neighborhood, backing to mature trees.
      245 Harbor Village Dr, Georgetown, KY 40324
      View Details
    • $60,000
      0.60 Acres

      Residential Land in Georgetown, KY

      Homesite in desirable neighborhood, backing to mature trees.
      281 Harbor Village Dr, Georgetown, KY 40324
      View Details
    • $200,000
      Pending

      Georgetown Land Ready to Build

      5 acre lot ready for your dream home in Georgetown.
      135 Hyde Park Ln, Georgetown, KY 40324
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space Available For Lease

      Single tenant industrial space available for lease, 3,200 SqFt.
      194 Sims Pike, Georgetown, KY 40324
      View Details
    • Contact for pricing

      Georgetown Land for Lease

      Approximately 6 acres of vacant land available for lease.
      137 Scotland Dr, Georgetown, KY 40324
      View Details
    • Contact for pricing

      Future Mixed-Use Development Land

      Retail and outlot opportunities in Georgetown's growing mixed-use development.
      Mcclelland Cir, Georgetown, KY 40324
      View Details
    • Contact for pricing

      Georgetown Office Space For Lease

      9,000 SF build-to-suit office opportunity in Georgetown, KY.
      194 Bevins Ln, Georgetown, KY 40324
      View Details
    • Contact for pricing

      Georgetown Shopping Center Retail Space

      Retail space available in Georgetown's Indian Acres Shopping Center.
      751 Slone Dr, Georgetown, KY 40324
      View Details
    • $600 /Mo

      Downtown Georgetown Office Space

      One-room office space in downtown Georgetown with utilities included.
      137 E Main St, Georgetown, KY 40324
      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.
    1140 Main Street Ext
    Georgetown, KY 40324
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!