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    93 Industry Dr Versailles, KY 40383

    View on Map
    Sponsored
    For Lease
    $7 SF/Yr ($15,716 /Mo)

    COMMERCIAL - Versailles, KY

    Property size:
    26,943 SF
    Lot size:
    23.50 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 14 at 9:06 pm

    Property Features for 93 Industry Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    30-0000-031-00
    Parking
    282
    Size
    26,943 SF
    Lot size
    23.50 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Radiant, Forced Air, Natural Gas
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1969
    Floors in Building
    1

    We can help!

    Listing Contact
    Lauren Cambron

    Block + Lot Real Estate 3090099

    Listing agent Lauren Cambron (859) 309-0099

    Listing date Mar 10, 2026

    MLS# 25504221

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Industrial Space in Versailles, KY

    Located at 93 Industry Drive in Versailles, Kentucky, this commercial property offers 26,943 square feet of available space within a larger 247,797 square foot building. Subdivision of the space is considered. Constructed of fluted concrete, the building features LED lighting and skylights, with a clear height of 17'6" to 22'11" to the decking. The roof is EPDM, installed in 2013. The floor is 8" thick concrete, and column spacing is 40'x40'. The property is equipped with pneumatic airlines, compressors, and heavy 3-phase power. It includes 4 dock doors with automatic levelers and 1 drive-in door (12' x 14'). A wet sprinkler system is in place. The warehouse is heated by suspended gas and radiant heat, while the office area is temperature controlled. Planned renovations include updated docks with new wraps and bumpers, a full industrial clean, LED lighting, and interior paint. The property has 282 car spaces with trailer parking available and signage opportunities. The property is zoned I-2 (Heavy Industrial). The location is off of the Versailles Bypass, near US 60, in a large industrial sector with proximity to professional, medical offices, and retail. Versailles is located 13 miles west of Lexington, 8 miles from the Bluegrass Airport, and 14 miles southeast of Frankfort. The property is located in the Ruggles Sign Building. The landlord is willing to share a large training room and conference room with building tenants on a periodic basis, and additional outdoor storage may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Accounting Firm Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    M R Storage

    Location Insight

    • Map
    • Local Demand
    City
    Versailles
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.725259
    Latitude
    38.063619

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    FAQs

    What type of property is this?
    Warehouse - Industrial space for lease with planned renovations and convenient location.
    Where is this warehouse located?
    The property is located at 93 Industry Dr Versailles, KY.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: Conveniently located off US 60 in Versailles, near the Versailles Bypass and close proximity to I-64, offering easy access to Lexington, Bluegrass Airport, and Frankfort.; - Substantial Space & Flexibility: **26,943 SF available** (subdivision considered) within a total of 247,797 SF, offering adaptability for various business needs.; - Heavy Industrial Zoning (I-2): Suitable for a wide range of industrial activities.
    (859) 753-8154
    Request Owner's contact information
    93 Industry Dr Versailles, KY 40383
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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
    93 Industry Dr Versailles, KY 40383
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    Listing Contact
    Lauren Cambron
    (859) 753-8154 (859) 309-0099
    Learn more
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