Entity Owned 
For Sale
1 / 6
$1,599,900
599 Blt Way, Winchester, KY 40391
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Property summary
AI-generated overview
Industrial warehouse of 20,252 square feet constructed in 2004, housed in a metal building with an open-span interior. The building is positioned for regional access, located approximately one minute from I-64, five minutes from the Mountain Parkway, and about fifteen minutes from I-75. Interior accommodations include two offices, two bathrooms, and a break room totaling approximately 150 square feet. Operational access consists of two dock-height doors and five drive-in automatic bay doors. The facility includes an industrial racking system with 16-foot-tall racks and 8-foot spacing between uprights, bolted to the concrete slab; the racking was sourced from Toyota Handling Systems. The property is configured to support uses such as logistics, distribution, storage, trades, and light manufacturing.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
STEEL FRAME
Total area
20,252 SF
Lot
1.07 ac (46,522 SF)
Zoning code
LIGHT INDUSTRIAL
APN
042-0000-018-26
UPID
US34-1414695
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$535k
Owner & transaction history
Zoning & alternative use
LIGHT INDUSTRIAL · Winchester, KY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$535k
Value range
$482k – $589k
±10% around blend
Estimated value / SF
$26 / SF
Confidence
Low
4 county-verified comps
Property data
100
Comparable evidence
40
Income certainty
100
$482k
blend $535k
$589k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
20,252 SF
Lot area
1.07 ac
Year built
2004
Stories
1
APN
042-0000-018-26
Zoning
LIGHT INDUSTRIAL
Assessed value
$1,150,000
Annual tax
$11,328
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$11,328
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.58M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.7 mi away · 24,584 SF
19.1 mi away · 15,056 SF
20.5 mi away · 21,409 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$535k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
9.10%
Selected cap rate for this other commercial real estate
Derived from the Winchester market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.10%
9.0%
NOI (est.)
$146k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.60M
Move the market yield to see immediate price impact.
Value / SF
$79
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.60%9.10%9.60%
$131k
$1.52M
$1.44M
$1.37M
$146k
$1.69M
$1.60M
$1.52M
$160k
$1.86M
$1.76M
$1.67M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$1.10M
13.2 mi · May 2026 · $71/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$11,328
Tax year 2022
Assessed value
$1,150,000
Assessed 2023
Previous assessed
$1,150,000
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$300,000
Assessed improvement
$850,000
Land market value
$300,000
Improvement market value
$850,000
Total market value
$1,150,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2004
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
20,252 SF
Lot
1.07 ac (46,522 SF)
Zoning code
LIGHT INDUSTRIAL
APN
042-0000-018-26
UPID
US34-1414695
Jurisdiction
CLARK
Zoning & alternative use
LIGHT INDUSTRIAL · Winchester, KYZoning LIGHT INDUSTRIAL · permitted uses
LIGHT INDUSTRIAL · Winchester, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LIGHT INDUSTRIAL
Jurisdiction
Winchester, KY
Recorded code
LIGHT INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LIGHT INDUSTRIAL in Winchester, KY.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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