Commercial Warehouse/Flex Space For
For Sale
Contact for pricing
1031 LAWRENCE ST, Brandenburg, KY 40108
Commercial warehouse/flex space available for sale.
Property Size4,200 SF
Price / SF$118.81
Days on Market103
Property Features for 1031 LAWRENCE ST
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Retail, Industrial, Mixed Use
Zoning
Commercial
Building Details
Year Built
1997
Buildings
1
Units
1
Listing Agency:
Kenny Smith Realty
(270) 401-1892
Listed By:
Brenda Pirtle · License #277309
Source:
Crexi
Added: May 22
Changed: Aug 26
Last Checked: Aug 28 at 8:24PM
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 Kenny Smith Realty
Investment Insights
Based on property information with market context.
This commercial property offers a versatile warehouse/flex space, suitable for various business operations. The property encompasses a total area of 4,200 square feet. Located on Lawrence Street in Brandenburg, Kentucky, this property presents an opportunity for businesses seeking a strategic location.
Key Highlights
- Commercial warehouse/flex space
- Year built: 1997
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
$33,874
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
6.79%
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%
$677,480
$677.5K
Cap Rate 7%
$483,914
$483.9K
Cap Rate 9%
$376,378
$376.4K
Market Conditions
NOI Build-Up for 4,200 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
$55.4K $13.20/SF
− Vacancy
−$3.3K −$0.79/SF
EGI
$52.1K $12.41/SF
− OpEx
−$18.2K −$4.34/SF
NOI
$33.9K $8.07/SF
Area
Meade County, KY
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
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%
$677,480
Cap Rate 7%
$483,914
Cap Rate 9%
$376,378
Alternative Uses
Best Use
Flex RnD
$483.9K
$423.4K – $564.6K
NOI $33,874 @ 7.0% cap · market cap 6.79%
Second Best
Industrial
$410.8K
$359.5K – $479.3K
NOI $28,758 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$885.4K
$774.8K – $1.03M
NOI $61,980 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40108, KY
12,601
Population
5,311
Households
2.4
Avg Household Size
41
Median Age
17%
College-Educated
91%
High-School Grad
69.0 sq mi
ZIP Area
183
Density / Sq Mi
$71,480
Median Household Income
$45,238
Median Earnings
$836
Median Rent
$216,200
Median Home Value
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 - Commercial warehouse/flex space available for sale.
Where is this flex space located?
The property is located at 1031 LAWRENCE ST Brandenburg, KY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Commercial warehouse/flex space; Year built: 1997
