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

    8844 Highway 44 Mount Washington, KY 40047

    • Medical offices
    • 10,000 SF
    For Lease
    View listing
    $23 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0240366
    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

    • Medical offices

    Property Details for 8844 Highway 44

    Year built
    2025
    Property size
    10,000 SF
    Property type
    Medical offices

    Description

    This new, single-story, 10,000 square foot commercial building in Mount Washington, KY (Bullitt County, zip code 40047) offers flexible office space options, ideal for medical, executive, or traditional office uses. Located on Highway 44, the property boasts high visibility and ample parking (33 spaces). The building is currently under construction, with completion slated for 2025. Available space ranges from 1,250 to 5,000 contiguous square feet, with a 5,000 square foot anchor tenant already secured. The building features an attractive brick façade and large storefront windows. Two 2,500 square foot spaces are available, with the possibility of subdividing to accommodate smaller businesses. Combining both spaces creates a 5,000 square foot option. The property is zoned commercial and benefits from high daily traffic counts on Highway 44. The building is designed to be highly customizable, allowing tenants to create their ideal business environment. The property is available for lease starting May 1, 2025.

    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
    Mount Washington
    County
    Bullitt
    State
    Kentucky
    Longitude
    -85.5703766
    Latitude
    38.0370425

    Comparable in this City

    • $25 SF/Yr
      12,480 SF

      Eastbrooke Station Medical Office

      Class A Medical Office Suites, Mt. Washington KY
      11340 Highway 44, Mount Washington, KY 40047
      View Details
    • $2 SF/Yr
      23,000 SF

      Mt. Washington Office/Retail Space

      Prime Retail PAD, 23,000 sq ft, Kentucky
      0 Eastbrooke Ct, Mount Washington, KY 40047
      View Details
    • Contact for pricing
      11,374 SF

      Mount Washington Retail Opportunity

      Freestanding building, high traffic area
      634 Bardstown Rd, Mount Washington, KY 40047
      View Details

    Similar Nearby for Sale

    • $695,000
      5,259 SF

      Mt Washington Multi-Purpose Building

      Multi-purpose building in Mt Washington with excellent visibility.
      221 S Bardstown Rd, Mount Washington, KY 40047
      View Details
    • $2,900,000
      30,500 SF

      Mount Washington Retail Opportunity

      Retail property with ample parking and pylon signage available.
      10070 Highway 44 E, Mount Washington, KY 40047
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    • $2,200,000
      4,897 SF

      High Point Court Retail Property

      Prime Mt. Washington Retail Space, 4,897 SF
      240 High Point Ct, Mount Washington, KY 40047
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    • $2,900,000
      30,500 SF

      Mount Washington Shopping Center

      Kentucky Retail Investment Opportunity
      10070 Highway 44, Mount Washington, KY 40047
      View Details
    • Contact for pricing

      New Retail Space in Mt. Washington

      New construction retail space for lease in Mount Washington.
      11184 Kentucky 44, Mt Washington, KY 40047
      View Details
    • $500,000
      0.35 Acres

      Hwy 44 Commercial Land, KY

      Prime .35 acre lot, B-2 zoning.
      11217 Highway 44, Mount Washington, KY 40047
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      12,480 SF

      Eastbrooke Station Medical Office

      Class A Medical Office Suites, Mt. Washington KY
      11340 Highway 44, Mount Washington, KY 40047
      View Details
    • $2 SF/Yr
      23,000 SF

      Mt. Washington Office/Retail Space

      Prime Retail PAD, 23,000 sq ft, Kentucky
      0 Eastbrooke Ct, Mount Washington, KY 40047
      View Details
    • Contact for pricing
      11,374 SF

      Mount Washington Retail Opportunity

      Freestanding building, high traffic area
      634 Bardstown Rd, Mount Washington, KY 40047
      View Details
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    8844 Highway 44
    Mount Washington, KY 40047
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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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