Building Details

Buildings 2

Listing Agency: Block & Lot Real Estate

Listed By: Amy Mellinger · License #210462 Show Phone

Source: Kcrea.resimplifi

Added: Apr 7 Changed: Oct 11 Last Checked: Oct 16 at 5:42AM

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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.

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 / Yr

$870,593

Cap Rate

8.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$17,411,860 $17.4M

Cap Rate 7%

$12,437,043 $12.4M

Cap Rate 9%

$9,673,256 $9.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 147,010 SF

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

Woodford 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 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 (±1% cap)

NOI $1,057,149 @ 7.0% cap · market cap 10.62%

Second Best

Industrial

$12.44M

$10.88M – $14.51M (±1% cap)

NOI $870,593 @ 7.0% cap · market cap 8.75%

Theoretical Best

Office A

$37.26M

$32.60M – $43.47M (±1% cap)

NOI $2,608,075 @ 7.0% cap · market cap 26.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Auto Parts Store Nail Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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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 Drive 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