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

    3079 Lexington Rd Nicholasville, KY 40356

    • Commercial real estate
    • 7.75 lot acres
    For Sale
    View listing
    $3,487,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0148155
    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 3079 Lexington Rd

    Lot size
    7.75 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional commercial opportunity awaits on Lexington Road (Highway 27) in Nicholasville, Kentucky. This В±7.75-acre parcel boasts unparalleled visibility and convenient access, situated just a short distance south of Man O' War Boulevard and within a quarter-mile of major retailers such as Sam's Club and Kohl's. The property's prime location ensures high traffic counts and significant exposure for any commercial venture. While the total acreage is believed to be approximately 7.75 acres, a survey is recommended to confirm the exact dimensions. This expansive lot presents a rare chance to establish a prominent presence in a thriving commercial corridor. Its strategic positioning near established businesses and major thoroughfares makes it ideal for a wide range of commercial developments, offering significant potential for return on investment. The property is being offered at $3,487,500. Serious inquiries are encouraged to explore the possibilities this exceptional location offers. Buyers are responsible for conducting their own due diligence, including but not limited to verifying the acreage through a professional survey.

    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
    Nicholasville
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.54993
    Latitude
    37.93479

    Comparable in this City

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      Prime Nicholasville Commercial Property

      Established Convenience Store, Owner Financing Available
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      Nicholasville Daycare Center - For Sale

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    • $7,770,000
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      1101 Brannon Rd, Nicholasville, KY 40356

      Commercial real estate • 14.22 Acres
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      7,800 SF

      Nicholasville Flex Space For Lease

      Efficient Office & Warehouse Space Available
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      36.00 Acres

      Nicholasville Commercial Land

      36 Acres, B-2 Zoning, Prime Location
      0 Nicholasville Byp, Nicholasville, KY 40356
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36.00 Acres

      Nicholasville Commercial Land

      36 Acres, B-2 Zoning, Prime Location
      US-27 Intersection, Nicholasville, KY 40356
      View Details
    • $3,500,000
      12,770 SF

      Nicholasville Daycare Center - For Sale

      Thriving Daycare Business & Building
      101 Fairfield Dr, Nicholasville, KY 40356
      View Details
    • $1,250,000
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      Prime Nicholasville Commercial Property

      Established Convenience Store, Owner Financing Available
      740 Richmond Ave, Nicholasville, KY 40356
      View Details
    • $7,770,000
      14.22 Acres

      1101 Brannon Rd, Nicholasville, KY 40356

      Commercial real estate • 14.22 Acres
      1101 Brannon Rd, Nicholasville, KY 40356
      View Details
    • Contact for pricing
      7,800 SF

      Nicholasville Flex Space For Lease

      Efficient Office & Warehouse Space Available
      535 Brannon Rd, Nicholasville, KY 40356
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    • Contact for pricing
      36.00 Acres

      Nicholasville Commercial Land

      36 Acres, B-2 Zoning, Prime Location
      0 Nicholasville Byp, Nicholasville, KY 40356
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
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      Class A medical office suites available.
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    • $12 SF/Yr
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      Nicholasville Industrial Flex Space

      Prime Lexington Submarket, 18,000 SF Available
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    • Contact for pricing
      11,708 SF

      Nicholasville KY Commercial Property

      Versatile Office & Retail Space, 5 Suites Available
      802 Brannon Rd, Nicholasville, KY 40356
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    • $12 SF/Yr
      7,500 SF

      Nicholasville Flex Warehouse Space

      New flex warehouse buildings designed for modern, scalable businesses.
      3177 Catnip Hill Rd, Nicholasville, KY 40356
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    • $425 /Mo

      Downtown Nicholasville Office Suites Available

      Individual office suites for lease in downtown Nicholasville, Kentucky.
      205 W Oak St, Nicholasville, KY 40356
      View Details
    • $16 SF/Yr
      1,226 SF

      Nicholasville Retail Space For Lease

      Retail space available for lease in Nicholasville, Kentucky.
      114 Blueberry Ln, Nicholasville, KY 40356
      View Details
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    3079 Lexington Rd
    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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