Historic Office
102 Washington St Alexandria, KY 41001
102 Washington St, Alexandria, KY, 41001
$149,900
For Sale
$149,900
Brick office building with new A/C and heating, pocket doors, and stained glass windows.
Property Size800 SF
Price / SF$187.38
Days on Market21
Property Features for 102 Washington St
General Information
- Standard status
- Active
- Size
- 800 SF
Listing agency
RE/MAX Victory + Affiliates
(859) 802-0107
Listed by
Jim Schack · License #189779
(859) 802-0107
Source
Exprealty
Added: Jul 1 Updated: Jul 21 at 1:53PM Checked: Jul 21 at 1:53PM
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 RE/MAX Victory + Affiliates
Investment Insights
Based on property information with market context.
This single brick office building features new A/C and heating, along with pocket doors, stained woodwork, high ceilings, and stained glass windows. Interior character details include a Rookwood Pottery fireplace. The property also includes four parking spaces located in an adjoining lot.
The building is offered for sale and described as a great location for your business. It is positioned at 102 Washington St in Alexandria, KY.
Designed as a compact office facility, the building’s layout highlights period finishes and substantial interior volume created by its high ceilings.
The building is offered for sale and described as a great location for your business. It is positioned at 102 Washington St in Alexandria, KY.
Designed as a compact office facility, the building’s layout highlights period finishes and substantial interior volume created by its high ceilings.
Key Highlights
- Single brick office building with new A/C and heating unit
- 4 parking spaces in an adjoining lot
- Pocket doors and stained woodwork
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 | $17.3k | $21.60 |
| − Vacancy | −$3.5k | −$4.32 |
| EGI | $13.8k | $17.28 |
| − OpEx | −$3.5k | −$4.32 |
| NOI | $10.4k | $12.96 |
800 SF · lease $21.60/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$148.1K
$129.6K – $172.8K
NOI $10,368 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$219.4K
$192.0K – $256.0K
NOI $15,360 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Brick office building with new A/C and heating, pocket doors, and stained glass windows.
Where is this office building located?
The property is located at 102 Washington St Alexandria, KY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Single brick office building with new A/C and heating unit; 4 parking spaces in an adjoining lot; Pocket doors and stained woodwork
