Renovated Office Building
100 Gray Street Elizabethtown, KY 42701
100 Gray Street, Elizabethtown, KY, 42701
$1,095,000
For Sale
$1,095,000
Turnkey office building with multiple suites and recent exterior, roof, and parking lot renovations.
Property Size10,000 SF
Price / SF$109.50
Days on Market301
Property Features for 100 Gray Street
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1978
Listing agency
SCHULER BAUER REAL ESTATE SERVICES ERA POWERED- Elizabethtown
(270) 300-2753
Listed by
Val Claycomb · License #222878
Source
Xome
Added: Sep 24, 2025 Updated: Jul 21 at 6:01PM Checked: Jul 21 at 6:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SCHULER BAUER REAL ESTATE SERVICES ERA POWERED- Elizabethtown
Investment Insights
Based on property information with market context.
This renovated commercial office building is organized into multiple office suites designed to accommodate a range of business sizes. The property has completed recent exterior and building-system updates intended to support a low-maintenance transition, including a freshly painted facade and brand-new exterior doors. Exterior work also includes recently sealed roof conditions, newly sealed and striped parking, and all-new landscaping.
The building is positioned on a high-visibility corner at the intersection of Dixie Highway (31W) and Gray Street, supporting strong visibility to daily commuters.
For owners or investors seeking a professional office asset with an adaptable suite layout and a documented renovation scope focused on the exterior envelope and site, this property offers a ready-to-takeover configuration.
The building is positioned on a high-visibility corner at the intersection of Dixie Highway (31W) and Gray Street, supporting strong visibility to daily commuters.
For owners or investors seeking a professional office asset with an adaptable suite layout and a documented renovation scope focused on the exterior envelope and site, this property offers a ready-to-takeover configuration.
Key Highlights
- Commercial office building at the corner of Dixie Highway (31W) and Gray Street in the Central Business District (CBD)
- Approximately 10,000 SF of office space divided into multiple office suites for different business sizes and types
- 32 on‑site, private parking spaces with a parking lot that was professionally sealed and striped
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.0k | $15.00 |
| − Vacancy | −$22.5k | −$2.25 |
| EGI | $127.5k | $12.75 |
| − OpEx | −$31.9k | −$3.19 |
| NOI | $95.6k | $9.56 |
10,000 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.59M
NOI $95,625 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,720 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Turnkey office building with multiple suites and recent exterior, roof, and parking lot renovations.
Where is this office units located?
The property is located at 100 Gray Street Elizabethtown, KY.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Commercial office building at the corner of Dixie Highway (31W) and Gray Street in the Central Business District (CBD); Approximately 10,000 SF of office space divided into multiple office suites for different business sizes and types; 32 on‑site, private parking spaces with a parking lot that was professionally sealed and striped
