Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    669 Chamberlin Ave Frankfort, KY 40601
    Back to Search
    Property profile & analytics

    669 Chamberlin Ave Frankfort, KY 40601

    View on Map
    • Office Units
    • 38,966 SF
    • 3.24 lot acres
    Off-Market
    Property ID
    US34-1809204
    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

    • Kentucky Court of Appeals / Law Firm

    Property Details for 669 Chamberlin Ave

    Year built
    2002
    Lot size
    3.24 lot acres
    Property size
    38,966 SF
    Property type
    Office Units
    APN
    036-00-00-011.25

    Description

    This exceptional single-story, Class B office building, located at 669 Chamberlin Avenue in Frankfort, Kentucky, presents a unique owner-user or investment opportunity. Boasting a substantial 38,956 square feet of net rentable space, this 2002-constructed property sits on a generous 3.24-acre lot and offers ample parking with 134 spaces. Currently configured as a multi-tenant building, a significant portion (21,966 square feet) is leased to the Kentucky Administrative Office of the Courts, providing a stable income stream for an investor. The remaining 16,990 square feet is available for lease or immediate occupancy, allowing for expansion or customization to suit a variety of business needs. The property is zoned PO Professional Office, ensuring flexibility for various professional uses. The asking price is $2,800,000, translating to a price per square foot of $71.86. This Frankfort property offers a compelling combination of established tenancy, significant available space, and convenient parking, making it an attractive proposition for both investors and owner-occupiers. The property's location in Franklin County, Kentucky, and its proximity to key amenities further enhance its appeal. The building's single-story design and substantial parking make it highly accessible and functional. This is a rare opportunity to acquire a substantial, well-located office building in a thriving Kentucky market. The APN is 036-00-00-011.25.

    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
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.9218301
    Latitude
    38.1583705

    Comparable in this City

    • $325,000
      3,420 SF

      Historic Frankfort Commercial Building For Sale

      Two-story brick building in downtown Frankfort with income potential.
      225 W Main St, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Office Spaces in Ashrose Plaza

      Office leasing opportunities in Frankfort, near US Highway 127.
      1100 Us Highway 127 S, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Downtown Frankfort Second-Floor Office Suite

      High-quality office space in the heart of downtown Frankfort.
      201 West Main St, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Frankfort Office Buildings For Sale

      Two office buildings for sale in Frankfort's Capital Complex.
      1024 Capital Center Dr, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Office/Retail Facility on High-Traffic Corridor

      Office/retail facility with high visibility and accessibility on U.S. Hwy 127.
      1047 U.S Us Highway 127 South, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Downtown Frankfort Office Leasing Opportunity

      Office space for lease in downtown Frankfort, Kentucky.
      209 Saint Clair St, Frankfort, KY 40601
      View Details

    Similar Nearby for Sale

    • $325,000
      3,420 SF

      Historic Frankfort Commercial Building For Sale

      Two-story brick building in downtown Frankfort with income potential.
      225 W Main St, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Office Spaces in Ashrose Plaza

      Office leasing opportunities in Frankfort, near US Highway 127.
      1100 Us Highway 127 S, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Downtown Frankfort Second-Floor Office Suite

      High-quality office space in the heart of downtown Frankfort.
      201 West Main St, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Frankfort Office Buildings For Sale

      Two office buildings for sale in Frankfort's Capital Complex.
      1024 Capital Center Dr, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Office/Retail Facility on High-Traffic Corridor

      Office/retail facility with high visibility and accessibility on U.S. Hwy 127.
      1047 U.S Us Highway 127 South, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Downtown Frankfort Office Leasing Opportunity

      Office space for lease in downtown Frankfort, Kentucky.
      209 Saint Clair St, Frankfort, KY 40601
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      Downtown Frankfort Office Space Available

      Remodeled office space with parking in downtown Frankfort.
      410 Ann St, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Office Space in Frankfort

      Office leasing opportunities in Frankfort, Kentucky.
      360 Democrat Dr, Frankfort, KY 40601
      View Details
    • $1,700 /Mo
      1,217 SF

      Professional Office Space Available

      Like-new office space with private offices and reception area.
      1120 #1 Us Hwy 127 Rd S, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Downtown Frankfort Office Space Available

      Office space for lease in downtown Frankfort, Kentucky.
      209 St Clair St, Frankfort, KY 40601
      View Details
    • $14 SF/Yr

      Remodeled Office Space For Lease

      Freestanding building with remodeled office space for lease.
      111 Saint James Ct, Frankfort, KY 40601
      View Details
    • Contact for pricing

      Office Space in Desirable Location

      Office space for lease in a thriving Frankfort office park.
      150 Flynn Ave, Frankfort, KY 40601
      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.
    669 Chamberlin Ave
    Frankfort, KY 40601
    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

    Thank You for Inquiry
    669 Chamberlin Ave, Frankfort, KY, 40601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!