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    2270 Main Street Ext Nicholasville, KY 40356
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    Property profile & analytics

    2270 Main Street Ext Nicholasville, KY 40356

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    • Commercial real estate
    • 15.37 lot acres
    Off-Market
    Property ID
    US34-0266427
    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 2270 Main Street Ext

    Lot size
    15.37 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 15.37-acre commercial property in Nicholasville, Kentucky, presents a remarkable investment opportunity. Ideally situated on US Highway 27, directly adjacent to the new Nicholasville Bypass and South Main Street, this I-1 zoned land boasts unparalleled accessibility and visibility. A preliminary plan, already approved, outlines a subdivision into five individual I-1 commercial lots, perfectly suited for various uses including contractor warehousing. The property's strategic location offers significant advantages for businesses seeking high traffic exposure, with ample frontage on US-27 ideal for prominent advertising. Essential utilities are readily available, including main sewer line access for straightforward hookups, along with existing electric and water service. A year-round creek forms a natural boundary, adding to the property's unique character. Extensive soil testing has been conducted, revealing rock depths consistently at or exceeding 17 feet in multiple locations. This comprehensive assessment provides valuable data for potential development plans. The property's exceptional location, combined with its approved preliminary plan and readily available utilities, makes it an attractive proposition for discerning investors seeking a high-impact commercial development site. Offers are encouraged.

    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
    Nicholasville
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.58543
    Latitude
    37.8483

    Comparable in this City

    • Contact for pricing
      7,800 SF

      Nicholasville Flex Space For Lease

      Efficient Office & Warehouse Space Available
      535 Brannon Rd, Nicholasville, KY 40356
      View Details
    • $1,250,000
      0.33 Acres

      Prime Nicholasville Commercial Property

      Established Convenience Store, Owner Financing Available
      740 Richmond Ave, Nicholasville, KY 40356
      View Details
    • $2,650,000
      5.40 Acres

      Nicholasville Commercial Land Investment

      High-visibility 5.4-acre parcel near new Wawa.
      3012 Lexington Rd, Nicholasville, KY 40356
      View Details
    • Contact for pricing

      Nicholasville Warehouse/Flex Space Available

      7,000 SF warehouse with 3,500 SF office/storage space.
      133 Macarthur Ct, Nicholasville, KY 40356
      View Details
    • $155,000
      Pending

      Nicholasville Land for Sale

      1+ acre residential lot in Watkins Reserve development.
      Crawford Creek Dr, Nicholasville, KY 40356
      View Details
    • $65,900
      Pending

      Residential Land in Established Community

      Building lots in established community with city utilities and builder options.
      100 Bugler Ct, Nicholasville, KY 40356
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,800 SF

      Nicholasville Flex Space For Lease

      Efficient Office & Warehouse Space Available
      535 Brannon Rd, Nicholasville, KY 40356
      View Details
    • $1,250,000
      0.33 Acres

      Prime Nicholasville Commercial Property

      Established Convenience Store, Owner Financing Available
      740 Richmond Ave, Nicholasville, KY 40356
      View Details
    • $2,650,000
      5.40 Acres

      Nicholasville Commercial Land Investment

      High-visibility 5.4-acre parcel near new Wawa.
      3012 Lexington Rd, Nicholasville, KY 40356
      View Details
    • Contact for pricing

      Nicholasville Warehouse/Flex Space Available

      7,000 SF warehouse with 3,500 SF office/storage space.
      133 Macarthur Ct, Nicholasville, KY 40356
      View Details
    • $155,000
      Pending

      Nicholasville Land for Sale

      1+ acre residential lot in Watkins Reserve development.
      Crawford Creek Dr, Nicholasville, KY 40356
      View Details
    • $65,900
      Pending

      Residential Land in Established Community

      Building lots in established community with city utilities and builder options.
      100 Bugler Ct, Nicholasville, KY 40356
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,755 SF

      Retail Space in Nicholasville

      Retail space available for lease in Nicholasville, Kentucky.
      981 South Main St, Nicholasville, KY 40356
      View Details
    • $5 SF/Yr
      196,119 SF

      Nicholasville Commercial Property for Lease

      Available space: 29,000 - 196,000 SF in Nicholasville, KY.
      500 Memorial Dr, Nicholasville, KY 40356
      View Details
    • $7 SF/Yr
      42,750 SF

      Nicholasville Industrial Building For Lease

      Well-maintained 42,750 SF industrial building in Nicholasville, KY.
      1300 John C Watts Dr, Nicholasville, KY 40356
      View Details
    • $9 SF/Yr
      25,632 SF

      Nicholasville Flex Office Building

      25,632 SF flex building for lease or sale.
      1014 S Main St, Nicholasville, KY 40356
      View Details
    • $9 SF/Yr
      12,114 SF

      Nicholasville Flex Space For Lease

      Flexible industrial/flex space suitable for various business needs.
      107-109 Means Dr, Nicholasville, KY 40356
      View Details
    • Contact for pricing

      Land Available Near Drake's

      Two commercial lots for rent next to Drake's.
      380 E Brannon Rd, Nicholasville, KY 40356
      View Details
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    Nicholasville, KY 40356
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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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    2270 Main Street Ext, Nicholasville, KY, 40356
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