Renovated Flex Space with
For Sale
$825,000
Pending
100 Summer Court, Georgetown, KY 40324
Commercial Sale, Georgetown, KY
Property Size5,400 SF
Lot Size1.20 Acres
Days on Market49
Property Features for 100 Summer Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Directions
From Lexington, take Georgetown Road to Georgetown. Turn right onto McClelland Circle and then left onto Lemons Mill Road and then left onto Carley Drive. The site is on the corner of Carley Drive and Summer Court.
Subdivision
005 - Scott County
Standard status
Pending
APN
167-40-019.001
Size
5,400 SF
Lot size
1.20 Acres
Amenities
Class A office buildout
bonus mezzanine storage
haiku fans
Sonos sound system
Silent Guard security
Building Details
Year built
2009
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Peter Barr · License #65116
(859) 351-7924
Added: Jul 30
Changed: Sep 12
Last Checked: Sep 16 at 2:06AM
MLS# 26020363
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.
Investment Insights
Based on property information with market context.
This freestanding flex property includes approximately 5,400 SF of fully climate-controlled warehouse and office space on approximately 1.2 acres. Renovated in 2022, the building features clear-span construction, 14'-16' clear heights, 400 AMP electrical service, a 12' x 12' automatic drive-in door, and a bonus mezzanine storage area. Office improvements include a Class A buildout, while additional site area can support future building expansion, parking, or outside storage.
Located within Georgetown Industrial Park, the property is near FedEx, Vuteq, Johnson Controls, Minova, and Curtis Maruyasu. Toyota Motor Manufacturing Kentucky is 5.4 miles away, and I-75 is 3 miles from the site, providing access to the Lexington MSA and broader regional markets. The configuration supports manufacturing, warehousing, distribution, and service operations.
Located within Georgetown Industrial Park, the property is near FedEx, Vuteq, Johnson Controls, Minova, and Curtis Maruyasu. Toyota Motor Manufacturing Kentucky is 5.4 miles away, and I-75 is 3 miles from the site, providing access to the Lexington MSA and broader regional markets. The configuration supports manufacturing, warehousing, distribution, and service operations.
Key Highlights
- Approximately 5,400 SF freestanding flex building on approximately 1.2 acres
- Renovated in 2022 with 100% climate‑controlled warehouse and office space
- 14'-16' clear heights and clear‑span construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,831
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$776,620
$776.6K
Cap Rate 7%
$554,729
$554.7K
Cap Rate 9%
$431,456
$431.5K
Market Conditions
NOI Build-Up for 5,400 SF
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.
Gross rent
$48.6K $9.00/SF
− Vacancy
−$2.9K −$0.54/SF
EGI
$45.7K $8.46/SF
− OpEx
−$6.9K −$1.27/SF
NOI
$38.8K $7.19/SF
Area
Scott County, KY
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$776,620
Cap Rate 7%
$554,729
Cap Rate 9%
$431,456
Alternative Uses
Best Use
Warehouse
$554.7K
$485.4K – $647.2K
NOI $38,831 @ 7.0% cap · market cap 4.71%
Second Best
Industrial
$456.8K
$399.7K – $533.0K
NOI $31,979 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,800 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40324, KY
51,035
Population
20,570
Households
2.5
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
155.1 sq mi
ZIP Area
329
Density / Sq Mi
$83,012
Median Household Income
$47,619
Median Earnings
$1,188
Median Rent
$262,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Climate-controlled industrial facility with expansion land, clear-span construction, and 400 AMP power.
Where is this flex space located?
The property is located at 100 Summer Court Georgetown, KY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Approximately 5,400 SF freestanding flex building on approximately 1.2 acres; Renovated in 2022 with 100% climate‑controlled warehouse and office space; 14'-16' clear heights and clear‑span construction
