Nicholasville, KY Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Nicholasville, Kentucky Market population: 28K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Nicholasville KY Properties: 1.0500%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Nicholasville KY
Common questions from investors exploring commercial real estate in Nicholasville KY.
What is the overall investment potential of Nicholasville, KY, considering its demographics and economy?
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Nicholasville, KY, with a population of 28,194 and a median age of 33.7, presents a diverse investment opportunity, especially considering its top industries in Public Administration, Finance & Insurance, and Professional Services, which can drive demand for housing. The median household income of $43,833 and a poverty rate of 18.3% suggest a working-class market, while the 90.8% health insurance coverage indicates a level of employment stability. The city's ethnic diversity, with White and White Non-Hispanic populations being the most prominent, adds to its appeal.
How does the commute time and health insurance coverage impact the quality of life for renters in Nicholasville, KY?
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The average commute time of 24.6 minutes in Nicholasville, KY, combined with the top commute methods being driving alone, carpooling, and working from home, suggests a manageable and flexible lifestyle for renters. Additionally, the high health insurance coverage rate of 90.8% implies that renters are likely to have stable employment and access to healthcare, contributing to a more stable rental market.
What are the implications of the city's homeownership rate and median property value for real estate investors?
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With a homeownership rate of 57.4% and a median property value of $136,900, Nicholasville, KY, offers a balanced market for real estate investors, indicating both opportunities for rental properties and a sizable population of homeowners. The median property taxes of $6,126 also need to be considered in investment calculations, reflecting the cost of owning property in the area.
How does the ethnic diversity and industry mix in Nicholasville, KY, influence market demand for different types of housing?
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The ethnic diversity in Nicholasville, KY, with significant White and White Non-Hispanic populations, alongside a smaller but present Black population, suggests a need for a variety of housing options to cater to different demographic groups. The top industries, including Public Administration and Finance & Insurance, may drive demand for housing that appeals to professionals and families, potentially influencing the types of properties that are in highest demand.
What role do poverty rates and health insurance coverage play in assessing tenant quality and market stability in Nicholasville, KY?
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The poverty rate of 18.3% in Nicholasville, KY, combined with a high health insurance coverage rate of 90.8%, presents a nuanced picture of tenant quality and market stability. While the poverty rate may indicate some challenges in tenant reliability, the high health insurance coverage suggests that many residents have stable employment, which can contribute to a more stable rental market and better tenant quality overall.
Nicholasville KY Real Estate & City Facts
Key facts and real estate information about Nicholasville KY.
What are some of the best neighborhoods to live in Nicholasville?
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Some of the best neighborhoods to live in Nicholasville include the areas around Taylor Made Farm, Camp Nelson National Monument, and Valley View Ferry. These neighborhoods offer a mix of rural and suburban living, with easy access to outdoor recreation and historic sites.
What are some fun things to do in Nicholasville?
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There are plenty of fun things to do in Nicholasville, including visiting the Taylor Made Farm, exploring the Camp Nelson National Monument, and taking a ride on the Valley View Ferry. You can also check out the Kentucky Horse Park, University of Kentucky, and Keeneland Racing Course, which are all nearby. If you're looking for something more adventurous, you can try SUP Kentucky or Asbury Trails.
What is the food scene like in Nicholasville?
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The food scene in Nicholasville is diverse and delicious, with a range of restaurants serving everything from American comfort food to international cuisine. Some popular spots include Copper River Grill, Sonny's BBQ, and Fiesta Mexico. You can also find unique eateries like Taste of Ukraine, which serves authentic Ukrainian cuisine. There are also plenty of great food trucks and coffeehouses to grab a quick bite or drink.
What are the pros and cons of living in Nicholasville?
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The pros of living in Nicholasville include its natural beauty, with plenty of outdoor recreation opportunities, and its rich history, with many historic sites to explore. The city also has a strong sense of community, with many family-friendly events and activities. However, some cons include the limited job opportunities and higher cost of living compared to other parts of Kentucky. Additionally, traffic can be a challenge, especially during rush hour.
Is Nicholasville a good place to live?
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Overall, Nicholasville is a great place to live for those who value a mix of rural and suburban living, with easy access to outdoor recreation and historic sites. While it may have some drawbacks, such as limited job opportunities and higher cost of living, the city's strong sense of community and natural beauty make it a desirable place to call home. As with any city, it's worth weighing the pros and cons and visiting in person to get a feel for the area before making a decision.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Nicholasville KY Commercial Property: $43,833
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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