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$116.43
Days on Market148
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
Listed By:
Brenda Pirtle · License #277309
(270) 401-1892
Source:
Crexi
Added: May 22
Changed: Oct 13
Last Checked: Oct 14 at 8:56PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$33,874
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
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
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 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 6.93%
Second Best
Industrial
$410.8K
$359.5K – $479.3K
NOI $28,758 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$885.4K
$774.8K – $1.03M
NOI $61,980 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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 $489,000.
What are key features of this property?
This property features: Commercial warehouse/flex space; Year built: 1997
