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

    2500 Mount Sterling Rd Winchester, KY 40391

    • Commercial real estate
    • 314.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-1187657
    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

    • Commercial real estate

    Property Details for 2500 Mount Sterling Rd

    Lot size
    314.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 314-acre commercial land parcel presents a unique investment opportunity in Winchester, Kentucky. Strategically located on Mt. Sterling Road, it enjoys high visibility due to its proximity to Interstate 64, Winchester's Industrial Park, and the Royal Oaks subdivision. The property's location along a key growth corridor between Winchester and Mt. Sterling, just 18 miles from Lexington, ensures significant future development potential. This rare offering is further enhanced by the already completed installation of a modern ductile iron pipe sewage system, a significant infrastructure advantage for future projects. The A-1 zoning allows for a wide range of commercial uses, making this a versatile and attractive investment for developers and businesses seeking a prime location with excellent access and established infrastructure. The substantial acreage provides ample space for large-scale projects, while the convenient location offers easy access to major transportation routes and a growing community. Don't miss this chance to acquire a substantial tract of land poised for significant growth and development in a thriving Kentucky market. The property is zoned A-1.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Clark
    State
    Kentucky
    Longitude
    -84.160676
    Latitude
    38.022324

    Comparable in this City

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      Winchester Commercial Land Opportunity

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      Winchester KY Commercial Land - Lot 3B

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    • $49,500
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      Residential Land in Quiet Cul-de-Sac

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    • $137,500
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      Land in Eskippakithiki Overlooks

      3.940 acre parcel for building or investment in Winchester.
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    • $800,000
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      Winchester Multi-Family Development Opportunity

      Large multi-family development opportunity in Winchester, across from Legacy Grove Park.
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      Land in Luxury Subdivision

      2.3 acre lot for custom home in Winchester, KY.
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    Similar Nearby for Sale

    • $400,000
      2.19 Acres

      Winchester Commercial Land Opportunity

      2.19 Acres, Prime Location, $400,000
      145 Codella Dr, Winchester, KY 40391
      View Details
    • $650,000
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      Winchester KY Commercial Land - Lot 3B

      2.6-acre commercial lot, prime Bypass Road location.
      529 Bullion Blvd, Winchester, KY 40391
      View Details
    • $49,500
      0.98 Acres

      Residential Land in Quiet Cul-de-Sac

      Residential land for sale in Winchester, Kentucky, near Lexington.
      204 Wigeon Ct, Winchester, KY 40391
      View Details
    • $137,500
      3.94 Acres

      Land in Eskippakithiki Overlooks

      3.940 acre parcel for building or investment in Winchester.
      12569 Ironworks Rd, Winchester, KY 40391
      View Details
    • $800,000
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      Winchester Multi-Family Development Opportunity

      Large multi-family development opportunity in Winchester, across from Legacy Grove Park.
      1108 W Lexington Ave, Winchester, KY 40391
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    • $129,800
      2.30 Acres

      Land in Luxury Subdivision

      2.3 acre lot for custom home in Winchester, KY.
      110 Knox Ct, Winchester, KY 40391
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
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      Commercial Land in Winchester, KY

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      Winchester Retail Center Opportunity

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      Winchester Office Space - New Construction

      Modern Office Suites, Ample Parking
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      Prime Medical Space For Rent

      3,700 sq ft medical space in high-visibility Winchester location.
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      Downtown Winchester Office Space Available

      Well-maintained office space in the heart of downtown Winchester.
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      Commercial Space in Winchester, KY

      Versatile commercial space suitable for various business types.
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    2500 Mount Sterling Rd
    Winchester, KY 40391
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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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