Manufacturing Facility with Dock
For Sale
Contact for pricing
105 Industry Dr, Versailles, KY 40383
Industrial production building with substantial power capacity, multiple loading points, and a dedicated storage shed.
Property Size147,010 SF
Lot Size17.02 Acres
Price / SF$67.68
Days on Market147
Property Features for 105 Industry Dr
General Information
Standard status
Active
Size
147,010 SF
Class
A
Lot size
17.02 Acres
Property subtype
Industrial
Zoning
I-2
Warehouse & Industrial
Clear Height
27 ft
Dock-High Doors
8
Drive-In Doors
9
Power
2,405 amps
Building Details
Buildings
1
Stories
1
Listing Agency:
Block + Lot
(859) 619-5369
Listed By:
Lucas Witt · License #21085
Source:
Crexi
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 8:55AM
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 Block + Lot
Investment Insights
Based on property information with market context.
This manufacturing facility at 105 Industry Dr in Versailles, Kentucky, contains ±147,010 SF on ±17.016 acres. The building is configured for high-volume production, with eight dock doors, including six equipped with levelers, plus nine drive-in doors. Ceiling heights range from approximately 24 feet to 27 feet, and the property has 2,405 amps of power supplied by LG&E KU. A ±4,147 SF storage shed provides additional covered space.
The property carries I-2 zoning and sits within Woodford County’s established industrial corridor. Nearby operations include Pilkington North America, Sheridan Kentucky, Clark Distributing, and More Than a Bakery.
The property carries I-2 zoning and sits within Woodford County’s established industrial corridor. Nearby operations include Pilkington North America, Sheridan Kentucky, Clark Distributing, and More Than a Bakery.
Key Highlights
- ±147,010 SF manufacturing facility on ±17.016 acres
- Eight dock doors, including six with levelers
- Nine drive‑in doors support industrial access
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
$870,593
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
8.75%
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%
$17,411,860
$17.4M
Cap Rate 7%
$12,437,043
$12.4M
Cap Rate 9%
$9,673,256
$9.7M
Market Conditions
NOI Build-Up for 147,010 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
$1.32M $9.00/SF
− Vacancy
−$79.4K −$0.54/SF
EGI
$1.24M $8.46/SF
− OpEx
−$373.1K −$2.54/SF
NOI
$870.6K $5.92/SF
Area
Jessamine County, KY
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$17,411,860
Cap Rate 7%
$12,437,043
Cap Rate 9%
$9,673,256
Alternative Uses
Best Use
Warehouse
$15.10M
$13.21M – $17.62M
NOI $1,057,149 @ 7.0% cap · market cap 10.62%
Second Best
Industrial
$12.44M
$10.88M – $14.51M
NOI $870,593 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$37.26M
$32.60M – $43.47M
NOI $2,608,075 @ 7.0% cap · market cap 26.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27 ft
Clear height
8
Dock-high doors
9
Drive-in doors
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 40383, KY
24,592
Population
10,431
Households
2.4
Avg Household Size
43
Median Age
42%
College-Educated
91%
High-School Grad
150.4 sq mi
ZIP Area
164
Density / Sq Mi
$80,444
Median Household Income
$42,365
Median Earnings
$998
Median Rent
$279,400
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?
Manufacturing property - Industrial production building with substantial power capacity, multiple loading points, and a dedicated storage shed.
Where is this manufacturing property located?
The property is located at 105 Industry Dr Versailles, KY.
What is the asking price?
The asking price for this property is $9,950,000.
What are key features of this property?
This property features: ±147,010 SF manufacturing facility on ±17.016 acres; Eight dock doors, including six with levelers; Nine drive‑in doors support industrial access
