Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    311 Main St Lawrenceburg, KY 40342-1285

    • Office buildings
    • 3,562 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0856010
    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

    • Lawrenceburg Family Dentistry- David Sperow DMD / Dentist

    Property Details for 311 Main St

    Construction
    FRAME
    Property size
    3,562 SF
    Property type
    Office buildings
    APN
    L3-26-8
    APU
    L3268

    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
    Lawrenceburg
    County
    Anderson
    State
    Kentucky
    Longitude
    -84.8947
    Latitude
    38.0336
    CBSA code
    23180
    CBSA name
    FRANKFORT, KY MICROPOLITAN 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
    $1,839
    $30,000
    $165,000
    $195,000
    -
    $30,000
    $165,000
    $195,000

    Comparable in this City

    • Value Estimation by Request

      107 Woodford St

      PROFESSIONAL BUILDING (MULTI-STORY)
      107 Woodford St, Lawrenceburg, KY 40342-1153
      View Details
    • Value Estimation
      $765,000
      0.43 Acres

      Parkview Business Ctr

      PROFESSIONAL BUILDING (MULTI-STORY) • 0.43 Acres
      Parkview Business Ctr, Lawrenceburg, KY 40342
      View Details
    • Value Estimation by Request
      3,228 SF

      720 Broadway St

      PROFESSIONAL BUILDING (MULTI-STORY) • 3,228 SF
      720 Broadway St, Lawrenceburg, KY 40342-1584
      View Details
    • Value Estimation by Request
      4,919 SF

      208 Main St

      PROFESSIONAL BUILDING (MULTI-STORY) • 4,919 SF
      208 Main St, Lawrenceburg, KY 40342-1108
      View Details
    • Value Estimation by Request
      2,020 SF

      1406 Wildcat Rd

      PROFESSIONAL BUILDING (MULTI-STORY) • 2,020 SF
      1406 Wildcat Rd, Lawrenceburg, KY 40342-8928
      View Details
    • Value Estimation by Request

      121 Bush Ave

      PROFESSIONAL BUILDING (MULTI-STORY)
      121 Bush Ave, Lawrenceburg, KY 40342-1209
      View Details

    Similar Nearby for Sale

    • $389,000
      2,775 SF

      Lawrenceburg Commercial Office Building For Sale

      Commercial office building in Briar Creek Business Park, Lawrenceburg, KY.
      1513 Fieldstone Dr, Lawrenceburg, KY 40342
      View Details
    • $399,000
      6,464 SF

      Versatile Commercial Building in Lawrenceburg

      Adaptable commercial building in high-traffic downtown Lawrenceburg, Kentucky.
      201 S Main St, Lawrenceburg, KY 40342
      View Details
    • $309,900
      1,680 SF

      Downtown Lawrenceburg Office/Retail Opportunity

      Versatile 1,680 sq ft building in thriving downtown Lawrenceburg.
      134 Jackson St, Lawrenceburg, KY 40342
      View Details
    • $399,999
      0.50 Acres

      Versatile Commercial Building on US HWY

      Commercial building with high visibility, parking, and warehouse space.
      1433 Bypass N, Lawrenceburg, KY 40342
      View Details
    • Contact for pricing

      Lawrenceburg Retail/Office Center Opportunity

      Retail/office center with suites available for lease near US Highway 127.
      1085 Eagle Lake Dr, Lawrenceburg, KY 40342
      View Details
    • $2,600,000
      9.00 Acres

      9-Acre Lawrenceburg Development Land

      Highway 127 Commercial Land, $2.6M
      2084 Harrodsburg Rd, Lawrenceburg, KY 40342
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      12,000 SF

      Euro Tech Business Center: Lawrenceburg, KY

      Retail spaces available, high-traffic location.
      1085 Eagle Lake Dr, Lawrenceburg, KY 40342
      View Details
    • $1,200 /Mo
      42,994 SF

      Lawrenceburg Office or Retail Space

      1400 SF office/retail space near busy intersection in Lawrenceburg.
      1004 Dewey Dr, Lawrenceburg, KY 40342
      View Details
    • $7 SF/Yr
      12,000 SF

      Eagle Lake Center Suites Available

      Lawrenceburg Office/Retail Space
      1008 Eagle Lake Dr, Lawrenceburg, KY 40342
      View Details
    • $4,000 /Mo

      Spacious Mixed-Use Building in Lawrenceburg

      5,200+- sqft commercial space with flexible zoning and parking.
      198 East Court St, Lawrenceburg, KY 40342
      View Details
    • $1,100 /Mo

      Remodeled Commercial Space, High Traffic

      Remodeled commercial space in high-traffic location, ideal for various businesses.
      119 Hilltop Dr Unit, Lawrenceburg, KY 40342
      View Details
    • $9 SF/Yr
      64,000 SF

      West Park Plaza Retail Spaces

      High-traffic Lawrenceburg retail spaces.
      755 Broadway St, Lawrenceburg, KY 40342
      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.
    311 Main St
    Lawrenceburg, KY 40342-1285
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.