Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    95 Industrial Park Rd Mount Vernon, KY 40456
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    95 Industrial Park Rd Mount Vernon, KY 40456

    View on Map
    • Commercial real estate
    For Lease
    $3,000/Mo
    View Listing →
    Industrial Park Land For Lease For Lease
    $3,000/Mo
    24,000 SF

    Industrial Park Land For Lease

    Approximately 1-acre site for ground lease or build to suit.

    Mount Vernon, KY 40456
    View Listing
    Property ID
    US34-0991466
    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
    $1,200,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 95 Industrial Park Rd

    Property type
    Commercial real estate
    APN
    034-00-015
    APU
    3400015

    Description

    This ±24,000 square foot turnkey industrial space, located at 95 Industrial Park Rd, Mt. Vernon, KY 40456, is situated on a 14-acre lot and offers a single-tenant occupancy. Built in 2000, the one-story building features a 22-24 foot ceiling height, two dock-high doors with levelers and shelters, and two drive-in doors. The space includes approximately 2,400 square feet of finished office space and approximately 21,600 square feet of climate-controlled manufacturing space, complemented by a ±2,605 square foot reinforced concrete mezzanine. The property boasts a robust power supply of 1600+ Amps (480V/3-phase) and a wet sprinkler system. Column spacing is 25' x 40'. Its strategic location offers excellent connectivity, less than three miles from I-75, within an hour's drive of Lexington, KY and the Tennessee state line, and under 10 minutes from the Rockcastle County mega-site. The property's zoning is currently unlisted. The APN is 034-00-015. This property is ideal for manufacturing, distribution, and warehousing operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,200,000
      ML approach
      $1,200,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Rockcastle
    State
    Kentucky
    Longitude
    -84.3631
    Latitude
    37.355
    CBSA code
    40080
    CBSA name
    RICHMOND-BEREA, 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
    $8,261
    $0.00
    $0.00
    $998,000
    -
    $0.00
    $0.00
    $998,000

    Comparable in this City

    • Value Estimation by Request

      275 Richmond St

      COMMERCIAL (GENERAL)
      275 Richmond St, Mount Vernon, KY 40456-2706
      View Details
    • Value Estimation by Request

      2735 Richmond St

      COMMERCIAL (GENERAL)
      2735 Richmond St, Mount Vernon, KY 40456-2400
      View Details
    • Value Estimation by Request

      1990 Richmond St

      COMMERCIAL (GENERAL)
      1990 Richmond St, Mount Vernon, KY 40456-2316
      View Details
    • Value Estimation by Request

      20 Us Hwy 25th S, Unit 150

      COMMERCIAL (GENERAL)
      20 Us Hwy 25th S, Mount Vernon, KY 40456-2012
      View Details
    • Value Estimation by Request

      50 Williams St

      COMMERCIAL (GENERAL)
      50 Williams St, Mount Vernon, KY 40456-2854
      View Details
    • Value Estimation by Request
      40.00 Acres

      Mullins Sta Rd By L N Rr

      COMMERCIAL (GENERAL) • 40.00 Acres
      Mullins Sta Rd By L N Rr, Mount Vernon, KY 40456
      View Details

    Similar Nearby for Sale

    • $149,000
      22.80 Acres

      Cleared Land with Breathtaking Views

      22.8 acres of cleared land with rural farmland views.
      4 White Rock Rd Unit Trak, Mount Vernon, KY 40456
      View Details
    • $350,000
      Pending

      35-Room Motel Near I-75

      35-room motel near I-75 and Renfro Valley Entertainment Center.
      1375 Richmond St, Mount Vernon, KY 40456
      View Details
    • $950,000
      4,100 SF

      Restaurant Opportunity Near I-75

      Established restaurant site near I-75 and Renfro Valley.
      1610 Richmond St, Mount Vernon, KY 40456
      View Details
    • Contact for pricing

      Kentucky Land with Country Charm

      Land offering privacy, space, and classic Kentucky charm.
      1945 Pittman Branch Rd, Mount Vernon, KY 40456
      View Details
    • $350,000

      Versatile Multi-Building Property Near I-75

      Multi-building property near Renfro Valley with income potential and expansion.
      145 Hummel Rd, Mount Vernon, KY 40456
      View Details
    • Contact for pricing

      Unrestricted Land Near Berea

      2.878 acres of unrestricted land with mountain views.
      690 Stephens Rd, Mount Vernon, KY 40456
      View Details
    View Listing
    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.
    95 Industrial Park Rd
    Mount Vernon, KY 40456
    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.
    Sign Up Successful!
    You now have access to more from Realmo!